Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 13,086 Shares of Stock

Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 13,086 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $55.75, for a total value of $729,544.50. Following the sale, the insider now owns 1,571,848 shares of the company's stock, valued at approximately $87,630,526. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, February 11th, Sanjit Biswas sold 85,291 shares of Samsara stock. The stock was sold at an average price of $55.30, for a total value of $4,716,592.30.
• 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 stock was 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 value of $3,521,662.57.
• On Wednesday, January 8th, Sanjit Biswas sold 85,063 shares of Samsara stock. The stock was 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 shares were 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 shares were sold at an average price of $53.81, for a total transaction of $4,484,148.73.

Samsara Price Performance

Shares of NYSE IOT traded up $2.61 during midday trading on Monday, hitting $58.98. The company's stock had a trading volume of 3,560,948 shares, compared to its average volume of 2,405,116. The firm has a market capitalization of $33.10 billion, a price-to-earnings ratio of -125.48 and a beta of 1.61. The business's fifty day simple moving average is $48.07 and its two-hundred day simple moving average is $47.34. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $59.04.

Hedge Funds Weigh In On Samsara

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Woodline Partners LP acquired a new stake in shares of Samsara in the fourth quarter valued at $3,777,000. Vident Advisory LLC increased its holdings in Samsara by 33.6% during the 4th quarter. Vident Advisory LLC now owns 8,591 shares of the company's stock worth $375,000 after purchasing an additional 2,162 shares during the period. Two Sigma Advisers LP increased its holdings in Samsara by 90.3% during the 4th quarter. Two Sigma Advisers LP now owns 1,307,400 shares of the company's stock worth $57,120,000 after purchasing an additional 620,300 shares during the period. Tidal Investments LLC raised its position in Samsara by 4.6% in the 4th quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock valued at $280,000 after purchasing an additional 281 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Samsara by 52.2% in the 4th quarter. Two Sigma Investments LP now owns 1,433,355 shares of the company's stock valued at $62,623,000 after buying an additional 491,550 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on IOT shares. Morgan Stanley increased their price target on shares of Samsara from $40.00 to $52.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. Piper Sandler increased their price objective on Samsara from $40.00 to $50.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. StockNews.com upgraded Samsara from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Berenberg Bank assumed coverage on Samsara in a report on Monday, February 3rd. They set a "hold" rating and a $57.00 price target for the company. Finally, Truist Financial boosted their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a "hold" rating in a report on Monday, November 18th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $51.67.

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.