Samsara Inc. (NYSE:IOT) Insider Sells $4,012,773.60 in Stock

Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 94,020 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $42.68, for a total transaction of $4,012,773.60. Following the completion of the sale, the insider now owns 114,000 shares of the company's stock, valued at approximately $4,865,520. The trade was a 45.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, March 4th, Sanjit Biswas sold 145,392 shares of Samsara stock. The stock was sold at an average price of $44.27, for a total transaction of $6,436,503.84.
• On Tuesday, February 25th, Sanjit Biswas sold 118,589 shares of Samsara stock. The stock was sold at an average price of $49.15, for a total value of $5,828,649.35.
• On Thursday, February 13th, Sanjit Biswas sold 13,086 shares of Samsara stock. The shares were sold at an average price of $55.75, for a total value of $729,544.50.
• 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 shares were 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 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 stock was sold at an average price of $43.84, for a total value of $3,729,161.92.

Samsara Trading Down 2.0 %

IOT stock traded down $0.79 during trading hours on Monday, hitting $38.14. 979,956 shares of the stock were exchanged, compared to its average volume of 3,573,581. The company has a 50-day simple moving average of $47.39 and a two-hundred day simple moving average of $48.05. The firm has a market capitalization of $21.40 billion, a P/E ratio of -81.12 and a beta of 1.63. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90.

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Wall Street Analyst Weigh In

IOT has been the topic of several research analyst reports. BMO Capital Markets upgraded shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price on the stock in a report on Monday, March 10th. Cowen restated a "buy" rating on shares of Samsara in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on shares of Samsara from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Loop Capital increased their target price on Samsara from $46.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company cut their price target on Samsara from $55.00 to $51.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Samsara presently has an average rating of "Moderate Buy" and a consensus price target of $49.60.

Hedge Funds Weigh In On Samsara

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Samsara by 24.0% in the fourth 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 bought a new position in Samsara in the 4th quarter valued at about $112,041,000. Norges Bank acquired a new position in shares of Samsara in the 4th quarter valued at approximately $106,274,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Samsara by 107.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company's stock worth $181,045,000 after acquiring an additional 2,148,081 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in shares of Samsara by 1,909.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company's stock worth $90,026,000 after acquiring an additional 1,777,757 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

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.