Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 57,090 shares of Samsara stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $37.89, for a total value of $2,163,140.10. Following the completion of the transaction, the chief executive officer owned 1,143,671 shares in the company, valued at $43,333,694.19. This represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sanjit Biswas also recently made the following trade(s):
- On Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The stock was sold at an average price of $38.64, for a total value of $3,374,547.12.
- On Tuesday, August 4th, Sanjit Biswas sold 119,477 shares of Samsara stock. The shares were sold at an average price of $38.34, for a total value of $4,580,748.18.
- On Wednesday, July 22nd, Sanjit Biswas sold 61,283 shares of Samsara stock. The shares were sold at an average price of $33.87, for a total value of $2,075,655.21.
- On Tuesday, July 21st, Sanjit Biswas sold 202,617 shares of Samsara stock. The stock was sold at an average price of $36.81, for a total transaction of $7,458,331.77.
- On Wednesday, July 8th, Sanjit Biswas sold 19,095 shares of Samsara stock. The stock was sold at an average price of $35.09, for a total transaction of $670,043.55.
- On Tuesday, July 7th, Sanjit Biswas sold 244,805 shares of Samsara stock. The stock was sold at an average price of $36.77, for a total transaction of $9,001,479.85.
- On Thursday, May 28th, Sanjit Biswas sold 31,081 shares of Samsara stock. The stock was sold at an average price of $31.21, for a total value of $970,038.01.
- On Wednesday, May 27th, Sanjit Biswas sold 128,159 shares of Samsara stock. The stock was sold at an average price of $30.03, for a total value of $3,848,614.77.
- On Tuesday, May 26th, Sanjit Biswas sold 104,660 shares of Samsara stock. The stock was sold at an average price of $31.10, for a total value of $3,254,926.00.
- On Wednesday, May 13th, Sanjit Biswas sold 95,628 shares of Samsara stock. The shares were sold at an average price of $27.47, for a total value of $2,626,901.16.
Samsara Price Performance
Samsara stock traded down $0.52 during midday trading on Thursday, reaching $38.21. The company’s stock had a trading volume of 3,623,667 shares, compared to its average volume of 7,039,216. The stock has a market capitalization of $22.26 billion, a P/E ratio of 382.12, a PEG ratio of 8.67 and a beta of 1.34. The stock’s 50-day simple moving average is $34.87 and its 200-day simple moving average is $31.59. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Morgan Stanley set a $43.00 price target on Samsara in a research report on Tuesday, July 21st. Jefferies Financial Group upgraded Samsara to a “buy” rating in a research note on Thursday, June 11th. Royal Bank Of Canada raised their price objective on Samsara from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Samsara in a research report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Samsara presently has a consensus rating of “Moderate Buy” and an average target price of $45.33.
Get Our Latest Report on Samsara
Institutional Investors Weigh In On Samsara
Hedge funds have recently added to or reduced their stakes in the business. Baillie Gifford & Co. grew its position in Samsara by 15.0% during the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock worth $1,689,565,000 after purchasing an additional 6,208,553 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Samsara by 58.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after buying an additional 4,401,082 shares during the period. Norges Bank purchased a new stake in shares of Samsara in the fourth quarter worth about $127,415,000. Vanguard Group Inc. boosted its stake in shares of Samsara by 11.5% in the fourth quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock worth $1,174,620,000 after buying an additional 3,417,849 shares during the last quarter. Finally, Brown Advisory Inc. grew its holdings in Samsara by 42.1% during the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock worth $397,536,000 after acquiring an additional 3,322,023 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.
About Samsara
Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.
The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.
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