Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 94,020 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $42.68, for a total transaction of $4,012,773.60. Following the completion of the transaction, the insider now owns 114,000 shares in the company, valued at approximately $4,865,520. This trade represents a 45.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Sanjit Biswas also recently made the following trade(s):
- 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 value 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.
- 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 transaction of $3,472,714.96.
- On Friday, January 17th, Sanjit Biswas sold 72,077 shares of Samsara stock. The stock was 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 stock was 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 shares were 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 stock was 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.
Samsara Trading Down 2.4 %
Samsara stock opened at $40.66 on Friday. The stock has a 50-day moving average price of $47.55 and a two-hundred day moving average price of $48.08. Samsara Inc. has a 12 month low of $27.14 and a 12 month high of $61.90. The company has a market capitalization of $22.82 billion, a PE ratio of -86.51 and a beta of 1.63.
Analyst Ratings Changes
A number of brokerages recently commented on IOT. Truist Financial dropped their price target on Samsara from $50.00 to $42.00 and set a "hold" rating for the company 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 target price for the company in a research report on Monday, March 10th. Wells Fargo & Company cut their price target on shares of Samsara from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on shares of Samsara from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Finally, Craig Hallum restated a "hold" rating on shares of Samsara in a research note on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $49.60.
Check Out Our Latest Analysis on Samsara
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Samsara by 24.0% in the fourth quarter. FMR LLC now owns 14,743,175 shares of the company's stock worth $644,129,000 after purchasing an additional 2,852,575 shares during the last quarter. Jordan Park Trust Co LLC acquired a new position in Samsara during the 4th quarter worth about $112,041,000. Norges Bank bought a new stake in shares of Samsara in the 4th quarter valued at about $106,274,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Samsara by 107.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company's stock valued at $181,045,000 after buying an additional 2,148,081 shares during the period. Finally, Lord Abbett & CO. LLC raised its position in shares of Samsara by 1,909.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company's stock worth $90,026,000 after acquiring an additional 1,777,757 shares during the last quarter. Institutional investors own 96.02% of the company's stock.
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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