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

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 170,416 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $45.30, for a total value of $7,719,844.80. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 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 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 shares were 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 shares were 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 transaction of $2,087,358.70.

Samsara Stock Up 2.0 %

Samsara stock traded up $0.93 during trading on Friday, hitting $46.75. The stock had a trading volume of 2,292,458 shares, compared to its average volume of 2,529,267. The stock has a market cap of $26.24 billion, a price-to-earnings ratio of -99.48 and a beta of 1.59. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51. The stock’s 50 day moving average is $48.51 and its two-hundred day moving average is $44.80.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in Samsara by 16.3% during the 2nd quarter. Rhumbline Advisers now owns 35,171 shares of the company’s stock valued at $1,185,000 after buying an additional 4,930 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Samsara by 116.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 20,316 shares of the company’s stock valued at $700,000 after acquiring an additional 10,915 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Samsara by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 301,705 shares of the company’s stock worth $10,164,000 after acquiring an additional 14,215 shares during the period. Elo Mutual Pension Insurance Co boosted its holdings in Samsara by 20.2% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 18,591 shares of the company’s stock valued at $627,000 after purchasing an additional 3,130 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in Samsara by 46.4% in the 2nd quarter. Hsbc Holdings PLC now owns 56,231 shares of the company’s stock valued at $1,890,000 after purchasing an additional 17,819 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Craig Hallum started coverage on shares of Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 target price on the stock. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Truist Financial raised their price target on Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, November 18th. Piper Sandler lifted their price target on Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada raised their price objective on Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Samsara has an average rating of “Hold” and a consensus 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.