Samsara Inc. (NYSE:IOT) Insider Sanjit Biswas Sells 48,884 Shares

Samsara Inc. (NYSE:IOTGet Free Report) insider Sanjit Biswas sold 48,884 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $45.36, for a total transaction of $2,217,378.24. Following the transaction, the insider now owns 2,007,964 shares of the company’s stock, valued at $91,081,247.04. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 shares were sold at an average price of $53.81, for a total transaction 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 shares were 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 shares were 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 shares were sold at an average price of $47.09, for a total transaction of $4,520,640.00.
  • On Tuesday, October 15th, Sanjit Biswas sold 58,739 shares of Samsara stock. The stock was sold at an average price of $50.61, for a total transaction 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 transaction 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 Trading Down 0.5 %

NYSE:IOT opened at $43.69 on Wednesday. The firm’s fifty day simple moving average is $49.45 and its 200 day simple moving average is $43.81. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51. The firm has a market capitalization of $24.52 billion, a price-to-earnings ratio of -92.96 and a beta of 1.53.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV grew its holdings in Samsara by 104.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after purchasing an additional 490 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Samsara during the third quarter valued at about $34,000. National Bank of Canada FI purchased a new stake in shares of Samsara during the second quarter worth about $38,000. Nemes Rush Group LLC acquired a new position in shares of Samsara in the second quarter worth about $45,000. Finally, Continuum Advisory LLC boosted its holdings in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IOT shares. Bank of America raised their price objective on Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Wells Fargo & Company raised their price target on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. 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. BMO Capital Markets raised their target price on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, Evercore ISI upped their price target on shares of Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.29.

Check Out Our Latest Research Report on IOT

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.

Further Reading

Insider Buying and Selling by Quarter for Samsara (NYSE:IOT)

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