Samsara Inc. (NYSE:IOT) Insider Sells $2,217,378.24 in Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 48,884 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $45.36, for a total value of $2,217,378.24. Following the completion of the transaction, the insider now owns 2,007,964 shares of the company’s stock, valued at $91,081,247.04. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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.
• 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 value of $4,520,640.00.
• On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The shares were sold at an average price of $50.61, for a total value of $2,972,780.79.
• On Tuesday, October 8th, Sanjit Biswas sold 54,492 shares of Samsara stock. The shares were sold at an average price of $47.80, for a total value of $2,604,717.60.
• On Tuesday, October 1st, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $46.83, for a total transaction of $4,495,680.00.

Samsara Stock Performance

NYSE IOT traded down $0.51 during trading hours on Monday, hitting $43.91. The company had a trading volume of 2,038,922 shares, compared to its average volume of 3,579,317. The business has a 50 day moving average of $49.61 and a 200-day moving average of $43.60. The company has a market cap of $24.64 billion, a PE ratio of -93.43 and a beta of 1.53. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51.

Institutional Trading of Samsara

Large investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC grew its position 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 purchasing an additional 1,777,757 shares during the last quarter. Franklin Resources Inc. acquired a new position in Samsara in the 3rd quarter valued at about $10,868,000. Wilmington Savings Fund Society FSB purchased a new stake in Samsara during the 3rd quarter valued at approximately $546,000. Virtu Financial LLC acquired a new stake in Samsara during the 3rd quarter worth approximately $1,689,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Samsara in the third quarter valued at approximately $34,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Piper Sandler boosted their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Royal Bank of Canada increased their price objective on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Wells Fargo & Company boosted their target price on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Truist Financial increased their price target on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, November 18th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.