Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 160,000 shares of the business's stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $34.97, for a total value of $5,595,200.00. Following the sale, the insider now owns 102,000 shares of the company's stock, valued at $3,566,940. The trade was a 61.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Sanjit Biswas also recently made the following trade(s):
- On Tuesday, April 8th, Sanjit Biswas sold 160,000 shares of Samsara stock. The stock was sold at an average price of $34.89, for a total transaction of $5,582,400.00.
- 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 shares were 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 shares were sold at an average price of $55.30, for a total transaction of $4,716,592.30.
Samsara Trading Up 4.9 %
Shares of Samsara stock opened at $37.21 on Thursday. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The stock has a market capitalization of $21.18 billion, a price-to-earnings ratio of -79.17 and a beta of 1.71. The business's 50 day simple moving average is $41.30 and its 200-day simple moving average is $46.53.
Hedge Funds Weigh In On Samsara
Several hedge funds and other institutional investors have recently modified their holdings of IOT. GLOBALT Investments LLC GA grew its holdings in Samsara by 0.3% in the 4th quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company's stock worth $2,444,000 after buying an additional 182 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Samsara by 4.6% during the fourth quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock valued at $280,000 after purchasing an additional 281 shares during the period. Continuum Advisory LLC lifted its holdings in Samsara by 32.1% in the fourth quarter. Continuum Advisory LLC now owns 1,161 shares of the company's stock worth $51,000 after purchasing an additional 282 shares during the period. CIBC Asset Management Inc grew its position in Samsara by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock valued at $253,000 after buying an additional 300 shares in the last quarter. Finally, Cim LLC increased its stake in Samsara by 1.3% during the 4th quarter. Cim LLC now owns 31,164 shares of the company's stock valued at $1,362,000 after buying an additional 386 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.
Analyst Ratings Changes
IOT has been the subject of several analyst reports. Piper Sandler decreased their target price on shares of Samsara from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. BMO Capital Markets upgraded Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price for the company in a research note on Monday, March 10th. Craig Hallum reiterated a "hold" rating on shares of Samsara in a research note on Friday, March 7th. Cowen restated a "buy" rating on shares of Samsara in a research note on Friday, March 7th. Finally, Truist Financial cut their target price on Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $48.87.
Read Our Latest Report on IOT
Samsara Company Profile
(
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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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