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

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 170,416 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $45.30, for a total transaction of $7,719,844.80. Following the sale, the insider now owns 1,175,569 shares of the company’s stock, valued at $53,253,275.70. This trade represents a 12.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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 value 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 value 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 value of $2,674,908.50.
• On Thursday, December 26th, Sanjit Biswas sold 48,884 shares of Samsara stock. The stock was 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 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 value of $4,224,948.66.
• On Tuesday, November 19th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was 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 shares were 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 Trading Up 2.0 %

Shares of NYSE IOT traded up $0.93 during midday trading on Friday, reaching $46.75. The company had a trading volume of 2,292,458 shares, compared to its average volume of 2,529,267. The business’s 50-day simple moving average is $48.51 and its 200 day simple moving average is $44.80. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51. The stock has a market cap of $26.24 billion, a P/E ratio of -99.48 and a beta of 1.59.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley upped their price objective on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Royal Bank of Canada raised their price target on shares of Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. BNP Paribas started coverage on shares of Samsara in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price target for the company. Wells Fargo & Company increased their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, TD Cowen lifted their target price on shares of Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.29.

Institutional Investors Weigh In On Samsara

Institutional investors and hedge funds have recently modified their holdings of the company. Hobbs Group Advisors LLC acquired a new stake in Samsara during the 3rd quarter valued at approximately $34,000. Continuum Advisory LLC lifted its position in Samsara by 39.1% during 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 period. Resources Management Corp CT ADV boosted its holdings in 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 during the last quarter. UMB Bank n.a. grew its position in Samsara by 69.1% during the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after purchasing an additional 418 shares during the period. Finally, Nemes Rush Group LLC purchased a new position in shares of Samsara during the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.