Samsara Inc. (NYSE:IOT) Insider Sells $729,544.50 in Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 13,086 shares of Samsara stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $55.75, for a total value of $729,544.50. Following the transaction, the insider now owns 1,571,848 shares in the company, valued at $87,630,526. This represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, February 11th, Sanjit Biswas sold 85,291 shares of Samsara stock. The shares were sold at an average price of $55.30, for a total value of $4,716,592.30.
• 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 value of $3,472,714.96.
• On Friday, January 17th, Sanjit Biswas sold 72,077 shares of Samsara stock. The shares were 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 shares were 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 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 value of $3,521,662.57.
• On Wednesday, January 8th, Sanjit Biswas sold 85,063 shares of Samsara stock. The shares were sold at an average price of $43.84, for a total value 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 stock was sold at an average price of $53.81, for a total value of $4,484,148.73.

Samsara Stock Up 4.6 %

Samsara stock opened at $58.98 on Friday. The business has a 50 day moving average price of $47.89 and a two-hundred day moving average price of $47.12. The stock has a market cap of $33.10 billion, a price-to-earnings ratio of -125.48 and a beta of 1.61. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $59.04.

Hedge Funds Weigh In On Samsara

Several large investors have recently added to or reduced their stakes in IOT. SG Americas Securities LLC acquired a new position in Samsara in the 3rd quarter valued at approximately $526,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Samsara by 250.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares during the period. Swedbank AB grew its stake in shares of Samsara by 288.9% in the 3rd quarter. Swedbank AB now owns 12,080 shares of the company’s stock valued at $581,000 after purchasing an additional 8,974 shares during the period. Capstone Wealth Management Group LLC grew its stake in shares of Samsara by 2.3% in the 3rd quarter. Capstone Wealth Management Group LLC now owns 26,660 shares of the company’s stock valued at $1,283,000 after purchasing an additional 610 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Samsara in the 3rd quarter valued at approximately $228,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on IOT. JPMorgan Chase & Co. upped their price target on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Craig Hallum began coverage on Samsara in a research note on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target for the company. Morgan Stanley upped their price target on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Wells Fargo & Company upped their price target on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Loop Capital upped their price target on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.