Sanjit Biswas Sells 56,474 Shares of Samsara Inc. (NYSE:IOT) Stock

Posted by Amanda Harley on Jan 17th, 2025

Samsara Inc. (NYSE:IOT – Get Free Report) insider Sanjit Biswas sold 56,474 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $43.33, for a total value of $2,447,018.42. Following the completion of the sale, the insider now directly owns 116,257 shares in the company, valued at $5,037,415.81. This represents a 32.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

On Friday, January 10th, Sanjit Biswas sold 81,163 shares of Samsara stock. The shares were 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 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 stock was 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 stock was 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.
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 stock was sold at an average price of $48.55, for a total value 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.

Samsara Stock Performance

IOT opened at $46.03 on Friday. The business’s fifty day moving average is $48.63 and its two-hundred day moving average is $44.79. The company has a market cap of $25.83 billion, a price-to-earnings ratio of -97.94 and a beta of 1.59. Samsara Inc. has a one year low of $27.14 and a one year high of $57.51.

Institutional Trading of Samsara

Institutional investors have recently bought and sold shares of the company. Hobbs Group Advisors LLC purchased a new stake in Samsara during the third quarter worth $34,000. Continuum Advisory LLC boosted its position in Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after purchasing an additional 247 shares in the last quarter. Resources Management Corp CT ADV boosted its position in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after purchasing an additional 490 shares in the last quarter. UMB Bank n.a. boosted its position in Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after purchasing an additional 418 shares in the last quarter. Finally, Nemes Rush Group LLC purchased a new stake in Samsara during the second quarter worth $45,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. BMO Capital Markets lifted 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. Morgan Stanley lifted their target price on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Truist Financial lifted their target price on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. BNP Paribas initiated coverage on Samsara in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 target price on the stock. Finally, Piper Sandler lifted 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. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $51.29.

Read Our Latest Stock Report on Samsara

About Samsara

(Get Free Report)

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.