Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 48,884 Shares of Stock

Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 48,884 shares of the business's stock in a transaction on 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 directly owns 2,007,964 shares in the company, valued at approximately $91,081,247.04. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, December 3rd, Sanjit Biswas sold 83,333 shares of Samsara stock. The stock was 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 shares were 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 stock was sold at an average price of $47.80, for a total value 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 value of $4,495,680.00.

Samsara Trading Down 1.1 %

Shares of IOT traded down $0.51 during midday trading on Monday, reaching $43.91. 2,039,308 shares of the stock were exchanged, compared to its average volume of 3,579,318. The company has a market capitalization of $24.64 billion, a P/E ratio of -93.43 and a beta of 1.53. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $57.51. The company's 50 day moving average is $49.61 and its two-hundred day moving average is $43.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hobbs Group Advisors LLC bought a new stake in shares of Samsara in the 3rd quarter valued at about $34,000. Continuum Advisory LLC raised its stake in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company's stock worth $45,000 after buying an additional 247 shares in the last quarter. Resources Management Corp CT ADV lifted its holdings in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company's stock worth $32,000 after buying an additional 490 shares during the period. UMB Bank n.a. lifted its holdings in Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock worth $49,000 after buying an additional 418 shares during the period. Finally, National Bank of Canada FI bought a new stake in Samsara during the 2nd quarter valued at $38,000. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on IOT shares. Wells Fargo & Company raised their price target on Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, December 6th. BNP Paribas began coverage on shares of Samsara in a research note on Tuesday, October 8th. They set a "neutral" rating and a $46.00 price objective for the company. BMO Capital Markets upped their target price on shares of Samsara from $44.00 to $57.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. 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 report on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their price objective on shares of Samsara from $49.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Samsara presently has a consensus rating of "Hold" and a consensus price target 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.