Sanjit Biswas Sells 21,735 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 21,735 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $42.98, for a total transaction of $934,170.30. Following the completion of the transaction, the insider now owns 985,789 shares in the company, valued at $42,369,211.22. This represents a 2.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, May 6th, Sanjit Biswas sold 73,398 shares of Samsara stock. The stock was sold at an average price of $41.30, for a total transaction of $3,031,337.40.
• On Tuesday, April 22nd, Sanjit Biswas sold 160,000 shares of Samsara stock. The shares were sold at an average price of $34.97, for a total transaction of $5,595,200.00.
• On Tuesday, April 8th, Sanjit Biswas sold 160,000 shares of Samsara stock. The shares were sold at an average price of $34.89, for a total value of $5,582,400.00.
• On Tuesday, March 25th, Sanjit Biswas sold 94,020 shares of Samsara stock. The stock was sold at an average price of $42.68, for a total value 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 shares were 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.

Samsara Stock Performance

NYSE IOT opened at $43.31 on Friday. Samsara Inc. has a one year low of $27.14 and a one year high of $61.90. The stock has a 50-day moving average of $38.66 and a 200 day moving average of $45.85. The company has a market capitalization of $24.66 billion, a price-to-earnings ratio of -92.15 and a beta of 1.70.

Institutional Trading of Samsara

A number of large investors have recently made changes to their positions in IOT. Ontario Teachers Pension Plan Board boosted its holdings in Samsara by 213.4% in the first quarter. Ontario Teachers Pension Plan Board now owns 19,121 shares of the company’s stock worth $733,000 after purchasing an additional 13,020 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Samsara by 22.3% during the 1st quarter. Deutsche Bank AG now owns 345,105 shares of the company’s stock valued at $13,228,000 after buying an additional 62,903 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Samsara by 18.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,229,773 shares of the company’s stock worth $85,467,000 after buying an additional 352,829 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new stake in shares of Samsara in the first quarter worth $848,000. Finally, Vanguard Group Inc. increased its position in Samsara by 12.0% during the first quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company’s stock valued at $900,581,000 after acquiring an additional 2,516,882 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IOT has been the subject of several research reports. Raymond James initiated coverage on Samsara in a research report on Wednesday, February 26th. They issued a “market perform” rating for the company. Berenberg Bank began coverage on Samsara in a research report on Monday, February 3rd. They set a “hold” rating and a $57.00 price objective for the company. BMO Capital Markets raised shares of Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research report on Monday, March 10th. Truist Financial lowered their price target on shares of Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Finally, Royal Bank of Canada cut their price objective on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $48.87.

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.