Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 145,392 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $44.27, for a total transaction of $6,436,503.84. Following the sale, the insider now owns 120,000 shares of the company's stock, valued at $5,312,400. This trade represents a 54.78 % decrease in their position. The transaction 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 Tuesday, February 25th, Sanjit Biswas sold 118,589 shares of Samsara stock. The shares were sold at an average price of $49.15, for a total transaction 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 transaction of $729,544.50.
- 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 transaction of $4,716,592.30.
- On Tuesday, January 21st, Sanjit Biswas sold 73,762 shares of Samsara stock. The stock was sold at an average price of $47.08, for a total transaction 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 transaction 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 transaction of $7,719,844.80.
- On Monday, January 13th, Sanjit Biswas sold 56,474 shares of Samsara stock. The stock was sold at an average price of $43.33, for a total transaction 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 stock was sold at an average price of $45.25, for a total transaction of $2,674,908.50.
Samsara Price Performance
Shares of NYSE:IOT opened at $41.86 on Friday. The firm has a market capitalization of $23.49 billion, a PE ratio of -89.05 and a beta of 1.63. The business has a 50-day moving average of $49.21 and a two-hundred day moving average of $48.29. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90.
Institutional Investors Weigh In On Samsara
A number of hedge funds have recently bought and sold shares of IOT. State Street Corp lifted its holdings in shares of Samsara by 4.7% in the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company's stock worth $102,283,000 after purchasing an additional 95,006 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Samsara by 193.4% in the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company's stock worth $2,981,000 after buying an additional 40,833 shares in the last quarter. Swiss National Bank raised its stake in shares of Samsara by 3.1% in the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company's stock worth $29,623,000 after buying an additional 18,400 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Samsara in the 4th quarter worth $422,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Samsara by 2,787.2% in the 3rd quarter. International Assets Investment Management LLC now owns 10,827 shares of the company's stock worth $521,000 after acquiring an additional 10,452 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Berenberg Bank assumed coverage on Samsara in a report on Monday, February 3rd. They issued a "hold" rating and a $57.00 price objective for the company. Wells Fargo & Company upped their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Truist Financial upped their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a "hold" rating in a report on Monday, November 18th. Raymond James started coverage on Samsara in a research report on Wednesday, February 26th. They issued a "market perform" rating on the stock. Finally, Piper Sandler upped their price objective on Samsara from $40.00 to $50.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Samsara presently has an average rating of "Hold" and an average price target of $51.67.
View Our Latest Report on Samsara
About Samsara
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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.
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