Samsara Inc. (NYSE:IOT) CEO Sells $2,858,880.00 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $29.78, for a total transaction of $2,858,880.00. Following the sale, the chief executive officer now owns 1,392,712 shares in the company, valued at approximately $41,474,963.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Sanjit Biswas also recently made the following trade(s):

• On Tuesday, June 4th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $33.44, for a total transaction of $3,210,240.00.
• On Tuesday, May 28th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $37.81, for a total transaction of $3,629,760.00.
• On Thursday, May 23rd, Sanjit Biswas sold 7,674 shares of Samsara stock. The shares were sold at an average price of $40.16, for a total transaction of $308,187.84.
• On Tuesday, May 21st, Sanjit Biswas sold 35,320 shares of Samsara stock. The shares were sold at an average price of $40.90, for a total transaction of $1,444,588.00.
• On Tuesday, May 14th, Sanjit Biswas sold 88,056 shares of Samsara stock. The shares were sold at an average price of $39.89, for a total transaction of $3,512,553.84.
• On Tuesday, May 7th, Sanjit Biswas sold 71,266 shares of Samsara stock. The shares were sold at an average price of $38.17, for a total transaction of $2,720,223.22.
• On Tuesday, April 30th, Sanjit Biswas sold 91,954 shares of Samsara stock. The shares were sold at an average price of $35.61, for a total transaction of $3,274,481.94.
• On Tuesday, April 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $33.16, for a total transaction of $3,183,360.00.
• On Tuesday, April 16th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $30.73, for a total transaction of $2,950,080.00.
• On Tuesday, April 9th, Sanjit Biswas sold 57,749 shares of Samsara stock. The shares were sold at an average price of $33.48, for a total transaction of $1,933,436.52.

Samsara Stock Down 1.9 %

NYSE IOT opened at $28.07 on Friday. The company has a fifty day moving average of $35.30 and a two-hundred day moving average of $34.45. The firm has a market capitalization of $15.45 billion, a price-to-earnings ratio of -56.14 and a beta of 1.51. Samsara Inc. has a 52 week low of $21.48 and a 52 week high of $42.28.

Institutional Trading of Samsara

Several institutional investors and hedge funds have recently made changes to their positions in IOT. Fred Alger Management LLC bought a new stake in shares of Samsara during the third quarter worth $28,000. Quarry LP bought a new stake in shares of Samsara during the fourth quarter worth $37,000. Montag A & Associates Inc. lifted its position in shares of Samsara by 1,200.0% during the fourth quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock worth $43,000 after purchasing an additional 1,200 shares during the last quarter. Tradition Wealth Management LLC bought a new stake in shares of Samsara during the fourth quarter worth $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Samsara by 31.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after purchasing an additional 381 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on IOT shares. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Saturday, May 25th. Loop Capital started coverage on shares of Samsara in a report on Thursday, April 18th. They issued a “buy” rating and a $42.00 target price for the company. BMO Capital Markets reissued a “market perform” rating and issued a $40.00 target price on shares of Samsara in a report on Tuesday, June 11th. Piper Sandler reissued a “neutral” rating and issued a $36.00 target price (down from $41.00) on shares of Samsara in a report on Friday, June 7th. Finally, Evercore ISI dropped their price objective on shares of Samsara from $41.00 to $40.00 and set an “in-line” rating for the company in a research note on Friday, June 7th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $35.64.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.