Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 170,416 Shares

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 170,416 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $45.30, for a total value of $7,719,844.80. Following the completion of the transaction, the insider now directly owns 1,175,569 shares in the company, valued at approximately $53,253,275.70. This represents a 12.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 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 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 stock was sold at an average price of $45.25, for a total value 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 value of $2,217,378.24.
• On Tuesday, December 3rd, Sanjit Biswas sold 83,333 shares of Samsara stock. The stock was sold at an average price of $53.81, for a total value 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 stock was 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.

Samsara Stock Performance

Shares of NYSE:IOT opened at $46.75 on Friday. The firm’s 50 day simple moving average is $48.51 and its 200-day simple moving average is $44.80. Samsara Inc. has a one year low of $27.14 and a one year high of $57.51. The firm has a market cap of $26.24 billion, a PE ratio of -99.48 and a beta of 1.59.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IOT. Truist Financial boosted their price objective on Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, November 18th. Piper Sandler boosted their target price on Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. BMO Capital Markets raised their price target on Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Craig Hallum started coverage on shares of Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price objective on the stock. Finally, Morgan Stanley raised their target price on shares of 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 issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.29.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its position in Samsara by 210.5% during the 4th quarter. SG Americas Securities LLC now owns 33,962 shares of the company’s stock valued at $1,484,000 after purchasing an additional 23,023 shares during the period. Perpetual Ltd bought a new position in shares of Samsara during the fourth quarter valued at approximately $314,000. Legal Advantage Investments Inc. purchased a new position in Samsara during the fourth quarter valued at approximately $218,000. UMB Bank n.a. raised its stake in Samsara by 62.1% in the fourth quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock worth $72,000 after buying an additional 635 shares in the last quarter. Finally, Oak Ridge Investments LLC purchased a new stake in Samsara during the fourth quarter worth $457,000. 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.