Sanjit Biswas Sells 118,589 Shares of Samsara Inc. (NYSE:IOT) Stock

Posted by Teresa Graham on Mar 1st, 2025

Samsara Inc. (NYSE:IOT – Get Free Report) insider Sanjit Biswas sold 118,589 shares of Samsara stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $49.15, for a total transaction of $5,828,649.35. Following the completion of the transaction, the insider now directly owns 126,000 shares in the company, valued at approximately $6,192,900. This represents a 48.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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, February 11th, Sanjit Biswas sold 85,291 shares of Samsara stock. The stock was sold at an average price of $55.30, for a total transaction of $4,716,592.30.
On Tuesday, January 21st, Sanjit Biswas sold 73,762 shares of Samsara stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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.

Samsara Stock Up 0.7 %

Shares of NYSE IOT opened at $47.68 on Friday. The firm’s 50-day simple moving average is $49.34 and its 200 day simple moving average is $48.17. The company has a market cap of $26.76 billion, a price-to-earnings ratio of -101.45 and a beta of 1.61. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90.

Wall Street Analyst Weigh In

Several brokerages have issued reports on IOT. Raymond James began coverage on shares of Samsara in a report on Wednesday. They issued a “market perform” rating on the stock. Morgan Stanley boosted their price target on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Loop Capital boosted their price target on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, December 5th. BMO Capital Markets boosted their price target on shares of Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $51.67.

Get Our Latest Report on Samsara

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in Samsara by 262.0% during the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after buying an additional 414 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Samsara during the 4th quarter worth about $31,000. Hobbs Group Advisors LLC acquired a new position in Samsara during the 3rd quarter worth about $34,000. IFP Advisors Inc lifted its position in Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after buying an additional 598 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in Samsara during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.