Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 73,762 Shares

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 73,762 shares of Samsara stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $47.08, for a total value of $3,472,714.96. Following the completion of the sale, the insider now owns 13,231 shares of the company’s stock, valued at $622,915.48. This trade represents a 84.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 shares were 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 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 value 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 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 transaction 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 shares were sold at an average price of $53.81, for a total transaction 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 value of $4,835,520.00.

Samsara Stock Up 1.3 %

Shares of Samsara stock opened at $47.81 on Thursday. The business has a 50-day moving average price of $48.18 and a 200 day moving average price of $45.17. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The firm has a market cap of $26.83 billion, a P/E ratio of -101.73 and a beta of 1.59.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Samsara by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 301,705 shares of the company’s stock worth $10,164,000 after purchasing an additional 14,215 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Samsara by 46.4% in the 2nd quarter. Hsbc Holdings PLC now owns 56,231 shares of the company’s stock worth $1,890,000 after buying an additional 17,819 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Samsara by 85.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 7,030 shares of the company’s stock worth $237,000 after buying an additional 3,245 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Samsara by 9.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 38,853 shares of the company’s stock valued at $1,309,000 after buying an additional 3,300 shares during the period. Finally, Sei Investments Co. bought a new stake in shares of Samsara during the 2nd quarter valued at about $8,625,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on IOT. Loop Capital boosted their price target on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. boosted their target price on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. BMO Capital Markets boosted their price objective on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, BNP Paribas initiated coverage on Samsara in a research note on Tuesday, October 8th. They set a “neutral” rating and a $46.00 target price for the company. Nine investment 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, Samsara currently has an average rating of “Hold” and an average target price of $51.29.

About Samsara

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.