Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 85,063 Shares

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 85,063 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $43.84, for a total transaction of $3,729,161.92. Following the sale, the insider now owns 150,676 shares of the company’s stock, valued at $6,605,635.84. This represents a 36.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, January 10th, Sanjit Biswas sold 81,163 shares of Samsara stock. The shares were sold at an average price of $43.39, for a total transaction of $3,521,662.57.
• On Monday, January 6th, Sanjit Biswas sold 59,114 shares of Samsara stock. The shares were sold at an average price of $45.25, for a total transaction of $2,674,908.50.
• On Thursday, December 26th, Sanjit Biswas sold 48,884 shares of Samsara stock. The shares were sold at an average price of $45.36, for a total transaction of $2,217,378.24.
• On Tuesday, December 3rd, Sanjit Biswas sold 83,333 shares of Samsara stock. The shares were sold at an average price of $53.81, for a total transaction of $4,484,148.73.
• On Monday, November 25th, Sanjit Biswas sold 75,594 shares of Samsara stock. The shares were sold at an average price of $55.89, for a total transaction of $4,224,948.66.
• On Tuesday, November 19th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $50.37, for a total transaction of $4,835,520.00.
• On Tuesday, November 5th, Sanjit Biswas sold 64,188 shares of Samsara stock. The shares were sold at an average price of $47.48, for a total transaction of $3,047,646.24.
• On Tuesday, October 29th, Sanjit Biswas sold 42,994 shares of Samsara stock. The shares were sold at an average price of $48.55, for a total transaction of $2,087,358.70.
• On Tuesday, October 22nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $47.09, for a total transaction of $4,520,640.00.
• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The shares were sold at an average price of $50.61, for a total transaction of $2,972,780.79.

Samsara Stock Down 0.5 %

Samsara stock opened at $43.55 on Tuesday. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $57.51. The firm’s 50-day simple moving average is $48.80 and its 200 day simple moving average is $44.71. The firm has a market capitalization of $24.44 billion, a PE ratio of -92.66 and a beta of 1.59.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IOT shares. Piper Sandler boosted their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. TD Cowen upped their price target on shares of Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. upped their price target on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Craig Hallum initiated coverage on shares of Samsara in a research note on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Samsara currently has a consensus rating of “Hold” and an average target price of $51.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC purchased a new position in Samsara in the 3rd quarter valued at about $34,000. Continuum Advisory LLC lifted its holdings in Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares in the last quarter. Resources Management Corp CT ADV lifted its holdings in Samsara by 104.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after purchasing an additional 490 shares in the last quarter. UMB Bank n.a. lifted its holdings in Samsara by 69.1% in the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after purchasing an additional 418 shares in the last quarter. Finally, National Bank of Canada FI purchased a new position in Samsara in the 2nd quarter valued at about $38,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Company Profile

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.