Samsara Inc. (NYSE:IOT) Major Shareholder Sanjit Biswas Sells 83,333 Shares

Samsara Inc. (NYSE:IOTGet Free Report) major shareholder Sanjit Biswas sold 83,333 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $53.81, for a total transaction of $4,484,148.73. Following the transaction, the insider now directly owns 19,200 shares in the company, valued at approximately $1,033,152. This represents a 81.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • 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 value 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 value of $3,047,646.24.
  • On Tuesday, October 29th, Sanjit Biswas sold 42,994 shares of Samsara stock. The stock was sold at an average price of $48.55, for a total value 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.
  • On Tuesday, October 8th, Sanjit Biswas sold 54,492 shares of Samsara stock. The stock was sold at an average price of $47.80, for a total transaction of $2,604,717.60.
  • On Tuesday, October 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $46.83, for a total value of $4,495,680.00.
  • On Tuesday, September 24th, Sanjit Biswas sold 74,667 shares of Samsara stock. The stock was sold at an average price of $49.44, for a total value of $3,691,536.48.
  • On Tuesday, September 17th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $46.69, for a total value of $4,482,240.00.

Samsara Stock Performance

Shares of IOT opened at $55.13 on Friday. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The business has a 50-day moving average of $50.35 and a 200 day moving average of $42.33. The firm has a market cap of $30.67 billion, a P/E ratio of -114.85 and a beta of 1.53.

Samsara (NYSE:IOTGet Free Report) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The company’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. As a group, research analysts predict that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Samsara

Hedge funds and other institutional investors have recently bought and sold shares of the business. Resources Management Corp CT ADV grew its position in shares of Samsara by 104.0% in the second 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. Hobbs Group Advisors LLC bought a new position in Samsara in the 3rd quarter worth about $34,000. National Bank of Canada FI purchased a new position in Samsara during the 2nd quarter valued at about $38,000. Nemes Rush Group LLC bought a new stake in shares of Samsara during the second quarter valued at about $45,000. Finally, Continuum Advisory LLC lifted its holdings in shares of Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after buying an additional 247 shares in the last quarter. Institutional investors own 89.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IOT shares. Truist Financial lifted their price objective on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, November 18th. JPMorgan Chase & Co. upped their price objective on shares of Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. BNP Paribas assumed coverage on shares of Samsara in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price objective for the company. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Morgan Stanley lifted their price target on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Samsara has a consensus rating of “Hold” and an average target price of $48.71.

Get Our Latest Report on IOT

Samsara Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Samsara (NYSE:IOT)

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