Samsara Inc. (NYSE:IOT) Insider Sells $4,716,592.30 in Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 85,291 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $55.30, for a total transaction of $4,716,592.30. Following the completion of the sale, the insider now directly owns 132,000 shares of the company’s stock, valued at approximately $7,299,600. This represents a 39.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, February 13th, Sanjit Biswas sold 13,086 shares of Samsara stock. The shares were sold at an average price of $55.75, for a total transaction of $729,544.50.
• On Tuesday, January 21st, Sanjit Biswas sold 73,762 shares of Samsara stock. The shares were sold at an average price of $47.08, for a total transaction of $3,472,714.96.
• On Friday, January 17th, Sanjit Biswas sold 72,077 shares of Samsara stock. The shares were sold at an average price of $46.40, for a total transaction of $3,344,372.80.
• On Wednesday, January 15th, Sanjit Biswas sold 170,416 shares of Samsara stock. The shares were sold at an average price of $45.30, for a total transaction of $7,719,844.80.
• On Monday, January 13th, Sanjit Biswas sold 56,474 shares of Samsara stock. The shares were sold at an average price of $43.33, for a total transaction of $2,447,018.42.
• 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 Wednesday, January 8th, Sanjit Biswas sold 85,063 shares of Samsara stock. The shares were sold at an average price of $43.84, for a total transaction of $3,729,161.92.
• 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.

Samsara Stock Up 4.6 %

Shares of IOT opened at $58.98 on Friday. The company’s fifty day moving average is $47.89 and its 200-day moving average is $47.12. The firm has a market cap of $33.10 billion, a price-to-earnings ratio of -125.48 and a beta of 1.61. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $59.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IOT shares. Craig Hallum started coverage on shares of Samsara in a report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target on the stock. Piper Sandler upped 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. Berenberg Bank began coverage on shares of Samsara in a research note on Monday, February 3rd. They issued a “hold” rating and a $57.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, BMO Capital Markets upped their price objective on shares of Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $51.67.

Institutional Trading of Samsara

Several large investors have recently modified their holdings of IOT. Baillie Gifford & Co. boosted its holdings in shares of Samsara by 23.4% during the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after buying an additional 6,411,178 shares during the period. FMR LLC boosted its holdings in shares of Samsara by 24.0% during the 4th quarter. FMR LLC now owns 14,743,175 shares of the company’s stock worth $644,129,000 after buying an additional 2,852,575 shares during the period. Jordan Park Trust Co LLC bought a new stake in shares of Samsara during the 4th quarter worth $112,041,000. Norges Bank bought a new stake in shares of Samsara during the 4th quarter worth $106,274,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Samsara by 107.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock worth $181,045,000 after buying an additional 2,148,081 shares during the period. 96.02% of the stock is owned by 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.