Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 160,000 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $34.89, for a total value of $5,582,400.00. Following the transaction, the insider now directly owns 108,000 shares of the company's stock, valued at $3,768,120. The trade was a 59.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Sanjit Biswas also recently made the following trade(s):
- On Tuesday, March 25th, Sanjit Biswas sold 94,020 shares of Samsara stock. The shares were 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 value of $6,436,503.84.
- 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 stock was 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 transaction 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 stock was 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 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 value 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 transaction of $3,521,662.57.
Samsara Trading Down 5.4 %
Shares of NYSE:IOT opened at $37.34 on Friday. The firm has a market cap of $21.26 billion, a price-to-earnings ratio of -79.44 and a beta of 1.71. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The stock's 50-day moving average price is $44.51 and its two-hundred day moving average price is $47.16.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on IOT. BMO Capital Markets raised Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price for the company in a report on Monday, March 10th. Piper Sandler lowered their target price on shares of Samsara from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Tuesday. Truist Financial dropped their price objective on Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Berenberg Bank initiated coverage on shares of Samsara in a report on Monday, February 3rd. They issued a "hold" rating and a $57.00 target price for the company. Finally, Royal Bank of Canada cut their price target on Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.20.
Read Our Latest Stock Analysis on Samsara
Hedge Funds Weigh In On Samsara
Institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors raised its holdings in Samsara by 16.7% in the third quarter. Captrust Financial Advisors now owns 10,240 shares of the company's stock valued at $493,000 after buying an additional 1,463 shares during the period. HighTower Advisors LLC boosted its stake in Samsara by 193.4% during the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company's stock valued at $2,981,000 after acquiring an additional 40,833 shares during the last quarter. State Street Corp grew its stake in Samsara by 4.7% in the third 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 in the last quarter. Wellington Management Group LLP increased its holdings in shares of Samsara by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company's stock valued at $383,000 after acquiring an additional 388 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Samsara by 1.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 57,350 shares of the company's stock valued at $2,760,000 after purchasing an additional 960 shares during the last quarter. Institutional investors and hedge funds 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.
Further Reading
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