Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 85,291 Shares

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 85,291 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $55.30, for a total value of $4,716,592.30. Following the transaction, the insider now directly owns 132,000 shares of the company’s stock, valued at approximately $7,299,600. The trade was a 39.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, February 13th, Sanjit Biswas sold 13,086 shares of Samsara stock. The stock was sold at an average price of $55.75, for a total value of $729,544.50.
• On Tuesday, January 21st, Sanjit Biswas sold 73,762 shares of Samsara stock. The shares were sold at an average price of $47.08, for a total value of $3,472,714.96.
• 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 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 transaction 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 value 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.

Samsara Price Performance

Shares of IOT stock opened at $56.32 on Friday. The firm has a market cap of $31.60 billion, a P/E ratio of -119.82 and a beta of 1.61. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The stock’s 50-day moving average is $47.73 and its two-hundred day moving average is $46.83.

Hedge Funds Weigh In On Samsara

A number of hedge funds have recently added to or reduced their stakes in IOT. Baillie Gifford & Co. lifted its stake in Samsara by 23.4% in the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after acquiring an additional 6,411,178 shares during the last quarter. FMR LLC raised its holdings in shares of Samsara by 24.0% during the 4th quarter. FMR LLC now owns 14,743,175 shares of the company’s stock valued at $644,129,000 after purchasing an additional 2,852,575 shares in the last quarter. Jordan Park Trust Co LLC acquired a new stake in shares of Samsara in the 4th quarter valued at $112,041,000. Norges Bank bought a new stake in Samsara in the fourth quarter worth $106,274,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Samsara by 107.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock worth $181,045,000 after buying an additional 2,148,081 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IOT. Truist Financial upped their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Piper Sandler upped their price target on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Berenberg Bank initiated coverage on Samsara in a report on Monday, February 3rd. They issued a “hold” rating and a $57.00 target price for the company. Finally, Morgan Stanley lifted their price target on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $51.67.

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.