Samsara Inc. (NYSE:IOT – Get Free Report) insider Sanjit Biswas sold 168,272 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $28.58, for a total value of $4,809,213.76. Following the completion of the sale, the insider directly owned 15,200 shares in the company, valued at $434,416. This represents a 91.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sanjit Biswas also recently made the following trade(s):
- On Wednesday, May 13th, Sanjit Biswas sold 95,628 shares of Samsara stock. The shares were sold at an average price of $27.47, for a total value of $2,626,901.16.
- On Thursday, April 30th, Sanjit Biswas sold 72,958 shares of Samsara stock. The shares were sold at an average price of $28.49, for a total value of $2,078,573.42.
- On Wednesday, April 29th, Sanjit Biswas sold 87,067 shares of Samsara stock. The shares were sold at an average price of $29.05, for a total value of $2,529,296.35.
- On Tuesday, April 28th, Sanjit Biswas sold 103,875 shares of Samsara stock. The shares were sold at an average price of $29.50, for a total value of $3,064,312.50.
- On Wednesday, April 15th, Sanjit Biswas sold 96,562 shares of Samsara stock. The shares were sold at an average price of $27.98, for a total value of $2,701,804.76.
- On Tuesday, April 14th, Sanjit Biswas sold 167,338 shares of Samsara stock. The shares were sold at an average price of $26.60, for a total value of $4,451,190.80.
- On Thursday, April 2nd, Sanjit Biswas sold 10,381 shares of Samsara stock. The shares were sold at an average price of $30.97, for a total value of $321,499.57.
- On Wednesday, April 1st, Sanjit Biswas sold 116,576 shares of Samsara stock. The shares were sold at an average price of $31.80, for a total value of $3,707,116.80.
- On Tuesday, March 31st, Sanjit Biswas sold 136,943 shares of Samsara stock. The shares were sold at an average price of $31.44, for a total value of $4,305,487.92.
- On Tuesday, February 17th, Sanjit Biswas sold 263,900 shares of Samsara stock. The shares were sold at an average price of $25.87, for a total value of $6,827,093.00.
Samsara Stock Performance
IOT opened at $27.99 on Friday. Samsara Inc. has a one year low of $23.38 and a one year high of $48.40. The company has a market cap of $16.25 billion, a P/E ratio of -1,398.75, a PEG ratio of 10.09 and a beta of 1.29. The business’s 50-day simple moving average is $30.58 and its 200-day simple moving average is $33.14.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of IOT. Acumen Wealth Advisors LLC purchased a new position in shares of Samsara in the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Samsara by 312.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after purchasing an additional 669 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Samsara by 6,078.6% in the 3rd quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock valued at $32,000 after purchasing an additional 851 shares during the last quarter. AlphaCentric Advisors LLC purchased a new position in shares of Samsara in the 4th quarter valued at approximately $36,000. Finally, Optiver Holding B.V. grew its stake in shares of Samsara by 953.2% in the 3rd quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock valued at $44,000 after purchasing an additional 1,058 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on IOT. Wells Fargo & Company raised their price target on Samsara from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. The Goldman Sachs Group set a $45.00 price target on Samsara in a research note on Monday, March 2nd. Piper Sandler restated an “overweight” rating and set a $39.00 price target (up from $37.00) on shares of Samsara in a research note on Friday, March 6th. KeyCorp raised their price target on Samsara from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Finally, TD Cowen restated a “buy” rating on shares of Samsara in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.18.
Get Our Latest Research Report on IOT
Key Samsara News
Here are the key news stories impacting Samsara this week:
- Positive Sentiment: Recent articles say Samsara’s annual recurring revenue has reached $1.89 billion, with enterprise adoption and AI-powered offerings continuing to support the company’s growth story. Samsara Declines 22.4% Year to Date: Buy, Hold or Sell the Stock?
- Positive Sentiment: Coverage also points to Samsara’s push into public-sector workflows and its upgrade program, both of which suggest the company is trying to deepen customer relationships and expand demand despite a tougher economic backdrop. Samsara AI Push Into Public Sector Workflows And Valuation Opportunity Samsara Announces Upgrade Program to Provide Operations Leaders with Absolute Confidence Amid Economic Uncertainty
- Neutral Sentiment: Additional commentary framed the stock as a valuation question, indicating investors are still weighing growth potential against the current share-price decline from earlier levels. NYSE Composite: Is Samsara AI Transforming Public Operations?
- Negative Sentiment: Multiple insider sales by co-founder/CEO Sanjit Biswas and co-founder John Bicket totaled hundreds of thousands of shares, which can weigh on sentiment even though the trades were made under pre-arranged 10b5-1 plans. SEC filing for Sanjit Biswas sale SEC filing for John Bicket sale
About Samsara
Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.
The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.
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