Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 54,457 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 54,457 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $47.33, for a total transaction of $2,577,449.81. Following the completion of the transaction, the insider now owns 90,000 shares in the company, valued at $4,259,700. This trade represents a 37.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, May 22nd, Sanjit Biswas sold 42,526 shares of Samsara stock. The shares were sold at an average price of $46.23, for a total transaction of $1,965,976.98.
• On Wednesday, May 21st, Sanjit Biswas sold 63,017 shares of Samsara stock. The stock was sold at an average price of $46.54, for a total transaction of $2,932,811.18.
• On Thursday, May 8th, Sanjit Biswas sold 21,735 shares of Samsara stock. The shares were sold at an average price of $42.98, for a total value of $934,170.30.
• 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 value 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 value of $5,595,200.00.
• 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 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 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 transaction 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 transaction of $5,828,649.35.

Samsara Price Performance

Shares of NYSE IOT opened at $45.67 on Friday. The company has a 50 day simple moving average of $40.37 and a 200 day simple moving average of $45.77. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The firm has a market cap of $26.00 billion, a PE ratio of -97.17 and a beta of 1.70.

Analyst Upgrades and Downgrades

Several research analysts have commented on IOT shares. Craig Hallum restated a “hold” rating on shares of Samsara in a research report on Friday, March 7th. Raymond James started coverage on Samsara in a report on Wednesday, February 26th. They set a “market perform” rating for the company. Wells Fargo & Company reduced their price objective on Samsara from $51.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen upgraded Samsara from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Cowen reissued a “buy” rating on shares of Samsara in a report on Friday, March 7th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.47.

Hedge Funds Weigh In On Samsara

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in Samsara by 163.2% in the third quarter. Barclays PLC now owns 412,066 shares of the company’s stock valued at $19,829,000 after purchasing an additional 255,532 shares during the period. UMB Bank n.a. grew its position in shares of Samsara by 62.1% in the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock valued at $72,000 after buying an additional 635 shares during the last quarter. Perpetual Ltd bought a new stake in shares of Samsara in the 4th quarter valued at about $314,000. SG Americas Securities LLC increased its stake in shares of Samsara by 210.5% in the fourth quarter. SG Americas Securities LLC now owns 33,962 shares of the company’s stock valued at $1,484,000 after buying an additional 23,023 shares during the period. Finally, Brighton Jones LLC bought a new position in shares of Samsara during the fourth quarter worth about $13,464,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.