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

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 170,416 shares of Samsara stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $45.30, for a total value of $7,719,844.80. Following the sale, the insider now directly owns 1,175,569 shares in the company, valued at $53,253,275.70. The trade was a 12.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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 shares were 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 transaction 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 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 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.
• 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 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 transaction 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 Trading Up 2.0 %

Shares of IOT opened at $46.75 on Monday. The stock has a market cap of $26.24 billion, a P/E 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 price is $48.40 and its two-hundred day moving average price is $44.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IOT. Rhumbline Advisers boosted its position in shares of Samsara by 16.3% during the second quarter. Rhumbline Advisers now owns 35,171 shares of the company’s stock worth $1,185,000 after purchasing an additional 4,930 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Samsara by 116.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 20,316 shares of the company’s stock worth $700,000 after acquiring an additional 10,915 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Samsara by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 301,705 shares of the company’s stock valued at $10,164,000 after acquiring an additional 14,215 shares during the period. Elo Mutual Pension Insurance Co lifted its holdings in shares of Samsara by 20.2% during 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 in the last quarter. Finally, Hsbc Holdings PLC grew 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 valued at $1,890,000 after purchasing an additional 17,819 shares during the period. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on IOT shares. Wells Fargo & Company increased their price target on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Truist Financial upped their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, November 18th. TD Cowen raised their price objective on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. upped 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. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.