Sanjit Biswas Sells 170,416 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 170,416 shares of Samsara stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $45.30, for a total value of $7,719,844.80. Following the transaction, the insider now owns 1,175,569 shares of the company’s stock, valued at $53,253,275.70. The trade was a 12.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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 value of $2,447,018.42.
• On Friday, January 10th, Sanjit Biswas sold 81,163 shares of Samsara stock. The shares were 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 transaction 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 stock was sold at an average price of $53.81, for a total value of $4,484,148.73.
• On Monday, November 25th, Sanjit Biswas sold 75,594 shares of Samsara stock. The shares were 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 stock was 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 shares were sold at an average price of $47.48, for a total transaction 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 transaction of $2,087,358.70.

Samsara Stock Performance

Shares of IOT stock opened at $46.75 on Friday. The stock has a fifty day simple moving average of $48.40 and a two-hundred day simple moving average of $44.88. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $57.51. The firm has a market capitalization of $26.24 billion, a PE ratio of -99.48 and a beta of 1.59.

Institutional Investors Weigh In On Samsara

Several institutional investors and hedge funds have recently modified their holdings of IOT. Baillie Gifford & Co. grew its holdings in shares of Samsara by 23.4% in the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after purchasing an additional 6,411,178 shares in the last quarter. FMR LLC raised its position in shares of Samsara by 15.6% during the 3rd quarter. FMR LLC now owns 11,890,600 shares of the company’s stock valued at $572,176,000 after buying an additional 1,604,822 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Samsara by 6.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock valued at $273,930,000 after acquiring an additional 500,400 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Samsara by 4.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock worth $168,741,000 after acquiring an additional 138,702 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Samsara by 9.5% during the third quarter. Geode Capital Management LLC now owns 2,279,383 shares of the company’s stock worth $109,307,000 after acquiring an additional 196,867 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Piper Sandler lifted their target price on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley upped their price objective on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Truist Financial increased their target price on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a report on Monday, November 18th. Loop Capital boosted their price target on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen increased their price objective on shares of Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.