Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells $4,012,773.60 in Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 94,020 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $42.68, for a total value of $4,012,773.60. Following the completion of the sale, the insider now owns 114,000 shares in the company, valued at approximately $4,865,520. The trade was a 45.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, March 4th, Sanjit Biswas sold 145,392 shares of Samsara stock. The stock was sold at an average price of $44.27, for a total value of $6,436,503.84.
• On Tuesday, February 25th, Sanjit Biswas sold 118,589 shares of Samsara stock. The shares were sold at an average price of $49.15, for a total transaction of $5,828,649.35.
• On Thursday, February 13th, Sanjit Biswas sold 13,086 shares of Samsara stock. The stock was 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 value 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 value 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 value 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 value 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.

Samsara Stock Down 4.4 %

Shares of NYSE:IOT opened at $38.87 on Friday. The stock has a market cap of $21.81 billion, a PE ratio of -82.71 and a beta of 1.63. The company’s fifty day moving average is $47.39 and its 200 day moving average is $48.03. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. GLOBALT Investments LLC GA boosted its holdings in Samsara by 0.3% during the 4th quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company’s stock valued at $2,444,000 after acquiring an additional 182 shares during the period. Continuum Advisory LLC lifted its position in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Samsara by 19.2% during the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after purchasing an additional 250 shares during the period. Tidal Investments LLC grew its holdings in shares of Samsara by 4.6% in the fourth quarter. Tidal Investments LLC now owns 6,403 shares of the company’s stock worth $280,000 after purchasing an additional 281 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Samsara by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock worth $253,000 after buying an additional 300 shares during the period. 96.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IOT shares. 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 research report on Thursday, December 5th. Cowen restated a “buy” rating on shares of Samsara in a research note on Friday, March 7th. Wells Fargo & Company lowered their price target on Samsara from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada dropped their target price on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

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.