Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 81,163 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 81,163 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $43.39, for a total value of $3,521,662.57. Following the transaction, the insider now owns 130,365 shares of the company’s stock, valued at $5,656,537.35. This represents a 38.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 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 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 shares were sold at an average price of $50.37, for a total value 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 value 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.
• On Tuesday, October 22nd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $47.09, for a total transaction of $4,520,640.00.
• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The stock was sold at an average price of $50.61, for a total transaction of $2,972,780.79.

Samsara Stock Performance

NYSE:IOT traded down $0.23 during trading hours on Monday, reaching $43.55. The company’s stock had a trading volume of 1,868,610 shares, compared to its average volume of 2,458,930. The company has a market capitalization of $24.44 billion, a P/E ratio of -92.66 and a beta of 1.59. The stock has a 50 day moving average price of $48.87 and a two-hundred day moving average price of $44.64. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $57.51.

Hedge Funds Weigh In On Samsara

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. boosted its holdings in shares of Samsara by 23.4% in the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after buying an additional 6,411,178 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in Samsara by 1,909.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock worth $90,026,000 after buying an additional 1,777,757 shares during the last quarter. FMR LLC increased its position in Samsara by 15.6% during the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock valued at $572,176,000 after buying an additional 1,604,822 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Samsara by 84.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,608,921 shares of the company’s stock valued at $77,421,000 after buying an additional 734,619 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Samsara by 55.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,829,033 shares of the company’s stock worth $88,013,000 after acquiring an additional 650,982 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IOT has been the topic of a number of analyst reports. Piper Sandler upped their target price on Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. 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. Craig Hallum began coverage on Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 target price for the company. BNP Paribas started coverage on shares of Samsara in a report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price target on the stock. Finally, Royal Bank of Canada lifted their price objective on shares of Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.29.

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.