Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 85,291 Shares of Stock

Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 85,291 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $55.30, for a total value of $4,716,592.30. Following the completion of the sale, the insider now owns 132,000 shares of the company's stock, valued at $7,299,600. The trade was a 39.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, February 13th, Sanjit Biswas sold 13,086 shares of Samsara stock. The stock was sold at an average price of $55.75, for a total transaction of $729,544.50.
• 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 transaction 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 value 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 value 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 transaction 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 transaction 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 shares were 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 Stock Up 4.6 %

Shares of NYSE IOT traded up $2.61 during trading on Monday, reaching $58.98. 3,560,948 shares of the company traded hands, compared to its average volume of 2,405,116. The firm has a 50 day simple moving average of $48.07 and a 200-day simple moving average of $47.34. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $59.04. The stock has a market capitalization of $33.10 billion, a PE ratio of -125.48 and a beta of 1.61.

Institutional Investors Weigh In On Samsara

Several institutional investors and hedge funds have recently added to or reduced their stakes in IOT. GLOBALT Investments LLC GA lifted its holdings in shares of Samsara by 0.3% during the 4th quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company's stock valued at $2,444,000 after buying an additional 182 shares during the period. Continuum Advisory LLC lifted 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 acquiring an additional 247 shares during the period. Private Trust Co. NA boosted its position in Samsara by 19.2% in the third quarter. Private Trust Co. NA now owns 1,550 shares of the company's stock worth $75,000 after purchasing an additional 250 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Samsara by 4.6% during 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 during the period. Finally, CIBC Asset Management Inc increased its position in shares of Samsara by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock valued at $253,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on IOT shares. StockNews.com raised shares of Samsara from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Truist Financial boosted their price target on Samsara from $40.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, November 18th. JPMorgan Chase & Co. raised their price objective on Samsara from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Loop Capital lifted their price objective on Samsara from $46.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, BMO Capital Markets increased their target price on Samsara from $44.00 to $57.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Samsara currently has an average rating of "Hold" and a consensus 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.