Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 13,086 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 13,086 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $55.75, for a total transaction of $729,544.50. Following the completion of the sale, the insider now directly owns 1,571,848 shares in the company, valued at $87,630,526. This trade represents a 0.83 % decrease in their position. The sale 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 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 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 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 shares were 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 shares were sold at an average price of $45.25, for a total transaction of $2,674,908.50.
• On Thursday, December 26th, Sanjit Biswas sold 48,884 shares of Samsara stock. The shares were sold at an average price of $45.36, for a total transaction of $2,217,378.24.
• On Tuesday, December 3rd, Sanjit Biswas sold 83,333 shares of Samsara stock. The stock was sold at an average price of $53.81, for a total transaction of $4,484,148.73.

Samsara Trading Up 4.6 %

Shares of IOT stock opened at $58.98 on Friday. The company has a market capitalization of $33.10 billion, a PE ratio of -125.48 and a beta of 1.61. The firm has a fifty day simple moving average of $47.75 and a 200-day simple moving average of $46.89. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $59.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IOT. SG Americas Securities LLC purchased a new position in shares of Samsara in the third quarter valued at $526,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Samsara by 250.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,400 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares during the period. Swedbank AB boosted its stake in Samsara by 288.9% during the 3rd quarter. Swedbank AB now owns 12,080 shares of the company’s stock valued at $581,000 after acquiring an additional 8,974 shares during the last quarter. Capstone Wealth Management Group LLC boosted its stake in Samsara by 2.3% during the 3rd quarter. Capstone Wealth Management Group LLC now owns 26,660 shares of the company’s stock valued at $1,283,000 after acquiring an additional 610 shares during the last quarter. Finally, Cornerstone Wealth Management LLC bought a new position in Samsara during the 3rd quarter valued at $228,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Royal Bank of Canada upped their price target on shares of Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Morgan Stanley upped their price target on shares of Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Truist Financial upped their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, November 18th. Finally, Piper Sandler increased their price objective on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Samsara has an average rating of “Hold” and a consensus price target of $51.67.

Samsara Company Profile

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.