Sanjit Biswas Sells 96,000 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 96,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $39.26, for a total value of $3,768,960.00. Following the transaction, the chief executive officer now directly owns 1,307,921 shares of the company’s stock, valued at approximately $51,348,978.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, March 19th, Sanjit Biswas sold 84,137 shares of Samsara stock. The shares were sold at an average price of $36.36, for a total value of $3,059,221.32.
• On Tuesday, March 12th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $38.70, for a total value of $3,715,200.00.
• On Tuesday, March 5th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $33.20, for a total value of $3,187,200.00.
• On Tuesday, February 27th, Sanjit Biswas sold 80,342 shares of Samsara stock. The shares were sold at an average price of $33.74, for a total value of $2,710,739.08.
• On Tuesday, February 13th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $32.92, for a total value of $3,160,320.00.
• On Tuesday, February 6th, Sanjit Biswas sold 79,165 shares of Samsara stock. The stock was sold at an average price of $31.42, for a total value of $2,487,364.30.
• On Tuesday, January 30th, Sanjit Biswas sold 92,216 shares of Samsara stock. The stock was sold at an average price of $31.93, for a total value of $2,944,456.88.
• On Tuesday, January 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $32.50, for a total value of $3,120,000.00.
• On Tuesday, January 16th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $33.85, for a total value of $3,249,600.00.
• On Tuesday, January 9th, Sanjit Biswas sold 87,127 shares of Samsara stock. The shares were sold at an average price of $32.63, for a total value of $2,842,954.01.

Samsara Stock Performance

Shares of IOT opened at $37.79 on Friday. Samsara Inc. has a 12 month low of $16.63 and a 12 month high of $40.54. The company has a 50-day moving average price of $34.50 and a two-hundred day moving average price of $30.44.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IOT. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Morgan Stanley increased their target price on Samsara from $25.00 to $31.00 and gave the company an “equal weight” rating in a report on Friday, December 1st. Royal Bank of Canada increased their target price on Samsara from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, December 1st. The Goldman Sachs Group increased their target price on Samsara from $31.00 to $35.00 and gave the company a “buy” rating in a report on Friday, December 1st. Finally, Piper Sandler upped their price target on shares of Samsara from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, December 1st. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Samsara currently has an average rating of “Hold” and an average price target of $31.56.

Institutional Trading of Samsara

Several hedge funds have recently modified their holdings of IOT. Vanguard Group Inc. increased its holdings in shares of Samsara by 84.4% during the third quarter. Vanguard Group Inc. now owns 7,636,709 shares of the company’s stock worth $92,175,000 after buying an additional 3,495,366 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Samsara by 19.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,841,815 shares of the company’s stock worth $495,421,000 after buying an additional 2,425,103 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Samsara by 188.1% in the second quarter. 1832 Asset Management L.P. now owns 3,318,500 shares of the company’s stock valued at $91,956,000 after purchasing an additional 2,166,500 shares in the last quarter. Whale Rock Capital Management LLC acquired a new stake in shares of Samsara in the second quarter valued at approximately $52,707,000. Finally, PointState Capital LP increased its holdings in shares of Samsara by 62.7% in the first quarter. PointState Capital LP now owns 3,641,355 shares of the company’s stock valued at $58,335,000 after purchasing an additional 1,402,994 shares in the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

Samsara Company Profile

Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.