Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 93,079 shares of Samsara stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $39.94, for a total transaction of $3,717,575.26. Following the completion of the sale, the chief executive officer owned 271,100 shares of the company’s stock, valued at $10,827,734. This trade represents a 25.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Thursday, August 20th, Sanjit Biswas sold 35,366 shares of Samsara stock. The stock was sold at an average price of $39.43, for a total transaction of $1,394,481.38.
- On Tuesday, August 18th, Sanjit Biswas sold 135,455 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total transaction of $5,416,845.45.
- On Thursday, August 6th, Sanjit Biswas sold 57,090 shares of Samsara stock. The shares were sold at an average price of $37.89, for a total transaction of $2,163,140.10.
- On Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The shares were sold at an average price of $38.64, for a total transaction 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 transaction of $4,580,748.18.
- On Wednesday, July 22nd, Sanjit Biswas sold 61,283 shares of Samsara stock. The stock was sold at an average price of $33.87, for a total transaction 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 shares were sold at an average price of $35.09, for a total value of $670,043.55.
- On Tuesday, July 7th, Sanjit Biswas sold 244,805 shares of Samsara stock. The shares were sold at an average price of $36.77, for a total value 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.
Samsara Stock Performance
IOT opened at $38.93 on Friday. The company has a market cap of $22.68 billion, a PE ratio of 389.34, a price-to-earnings-growth ratio of 8.80 and a beta of 1.34. The stock has a 50-day moving average of $35.98 and a 200-day moving average of $32.22. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47.
Hedge Funds Weigh In On Samsara
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in Samsara during the 4th quarter valued at $13,464,000. Royal Bank of Canada boosted its holdings in Samsara by 100.3% in the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock valued at $3,686,000 after purchasing an additional 48,135 shares during the period. Jones Financial Companies Lllp grew its position in Samsara by 2,444.6% in the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock worth $682,000 after purchasing an additional 17,088 shares during the last quarter. Empowered Funds LLC grew its position in Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after purchasing an additional 335 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Samsara by 142.4% during the 2nd quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock worth $2,739,000 after purchasing an additional 40,450 shares during the period. Institutional investors own 96.02% of the company’s stock.
More Samsara News
Here are the key news stories impacting Samsara this week:
- Positive Sentiment: Samsara launched a Fuel Command Center designed to help fleets monitor fuel spending and control operating costs amid volatile fuel prices. The offering could strengthen Samsara’s value proposition and support customer demand by helping businesses improve efficiency. Samsara Launches Fuel Command Center to Help Fleets Control Costs Amid Price Volatility
- Neutral Sentiment: Recent commentary noted that IOT shares rose despite a broader market decline, indicating relative strength and investor interest in the company. However, the article provided no major new earnings estimate, contract, or guidance change. Samsara Inc. Increases Despite Market Slip
- Negative Sentiment: CEO Sanjit Biswas and insider John Bicket each sold approximately 263,900 shares of Samsara stock from August 18 through August 20, with combined proceeds of roughly $21.1 million. The transactions reduce their direct holdings substantially and may concern investors because insider selling can be interpreted as limited conviction or create additional supply in the market. All of the sales were executed under pre-arranged Rule 10b5-1 trading plans, which reduces—but does not eliminate—their negative signaling effect. SEC Insider Trading Filing for John Bicket
Analysts Set New Price Targets
A number of analysts have recently weighed in on IOT shares. Wolfe Research restated an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. Weiss Ratings upgraded shares of Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. BTIG Research reiterated a “buy” rating and issued a $45.00 target price on shares of Samsara in a report on Friday, June 26th. Guggenheim assumed coverage on shares of Samsara in a research report on Wednesday, July 22nd. They set a “buy” rating and a $45.00 target price for the company. Finally, Wells Fargo & Company upped their price target on shares of Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.39.
View Our Latest Research Report on IOT
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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