Sanjit Biswas Sells 73,398 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 73,398 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $41.30, for a total transaction of $3,031,337.40. Following the sale, the insider now owns 96,000 shares of the company’s stock, valued at $3,964,800. This trade represents a 43.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, May 8th, Sanjit Biswas sold 21,735 shares of Samsara stock. The stock was sold at an average price of $42.98, for a total value of $934,170.30.
• On Tuesday, April 22nd, Sanjit Biswas sold 160,000 shares of Samsara stock. The stock was sold at an average price of $34.97, for a total value of $5,595,200.00.
• On Tuesday, April 8th, Sanjit Biswas sold 160,000 shares of Samsara stock. The shares were sold at an average price of $34.89, for a total transaction of $5,582,400.00.
• On Tuesday, March 25th, Sanjit Biswas sold 94,020 shares of Samsara stock. The stock was sold at an average price of $42.68, for a total transaction of $4,012,773.60.
• 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.

Samsara Price Performance

NYSE IOT opened at $43.31 on Friday. The company has a 50-day moving average of $38.66 and a 200-day moving average of $45.85. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The company has a market cap of $24.66 billion, a P/E ratio of -92.15 and a beta of 1.70.

Hedge Funds Weigh In On Samsara

Large investors have recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of Samsara by 163.2% during the 3rd quarter. Barclays PLC now owns 412,066 shares of the company’s stock worth $19,829,000 after buying an additional 255,532 shares during the last quarter. Franklin Resources Inc. purchased a new stake in Samsara during the third quarter valued at about $10,868,000. Everence Capital Management Inc. acquired a new stake in Samsara during the fourth quarter worth about $242,000. Nordea Investment Management AB lifted its stake in shares of Samsara by 11.9% in the 4th quarter. Nordea Investment Management AB now owns 16,157 shares of the company’s stock valued at $717,000 after purchasing an additional 1,713 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC purchased a new stake in shares of Samsara during the 4th quarter worth about $361,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on IOT shares. Royal Bank of Canada lowered their price target on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. BMO Capital Markets upgraded shares of Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research report on Monday, March 10th. Truist Financial lowered their price target on Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Wells Fargo & Company decreased their target price on Samsara from $51.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Raymond James started coverage on Samsara in a research report on Wednesday, February 26th. They issued a “market perform” rating for the company. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.87.

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.