Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells $6,436,503.84 in Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 145,392 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $44.27, for a total transaction of $6,436,503.84. Following the completion of the transaction, the insider now owns 120,000 shares in the company, valued at approximately $5,312,400. This trade represents a 54.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 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 transaction 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 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 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.

Samsara Trading Down 15.7 %

Shares of Samsara stock opened at $35.32 on Friday. The business has a 50-day moving average price of $49.02 and a two-hundred day moving average price of $48.31. The company has a market cap of $19.82 billion, a P/E ratio of -75.14 and a beta of 1.63. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90.

Analyst Upgrades and Downgrades

IOT has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Samsara from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. upped their target price on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. BMO Capital Markets dropped their target price on Samsara from $57.00 to $48.00 and set a “market perform” rating on the stock in a report on Friday. Morgan Stanley upped their target price on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Finally, Raymond James started coverage on Samsara in a report on Wednesday, February 26th. They set a “market perform” rating on the stock. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $49.60.

Institutional Trading of Samsara

Several large investors have recently made changes to their positions in IOT. Baillie Gifford & Co. grew its stake in shares of Samsara by 23.4% in the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after buying an additional 6,411,178 shares during the period. FMR LLC boosted its stake in Samsara by 24.0% during the 4th quarter. FMR LLC now owns 14,743,175 shares of the company’s stock valued at $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 valued at about $112,041,000. Norges Bank acquired a new position in Samsara during the 4th quarter valued at about $106,274,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Samsara by 107.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock valued at $181,045,000 after purchasing an additional 2,148,081 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

About Samsara

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.