Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas Sells 89,800 Shares

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 89,800 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $30.48, for a total transaction of $2,737,104.00. Following the transaction, the chief executive officer now directly owns 1,077,600 shares of the company’s stock, valued at $32,845,248. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, September 5th, Sanjit Biswas sold 89,800 shares of Samsara stock. The stock was sold at an average price of $31.10, for a total value of $2,792,780.00.
• On Tuesday, August 29th, Sanjit Biswas sold 77,960 shares of Samsara stock. The stock was sold at an average price of $25.80, for a total value of $2,011,368.00.
• On Tuesday, August 22nd, Sanjit Biswas sold 47,840 shares of Samsara stock. The stock was sold at an average price of $23.70, for a total transaction of $1,133,808.00.
• On Thursday, August 17th, Sanjit Biswas sold 5,321 shares of Samsara stock. The shares were sold at an average price of $22.95, for a total transaction of $122,116.95.
• On Tuesday, August 15th, Sanjit Biswas sold 47,707 shares of Samsara stock. The shares were sold at an average price of $23.81, for a total transaction of $1,135,903.67.
• On Tuesday, August 8th, Sanjit Biswas sold 89,800 shares of Samsara stock. The shares were sold at an average price of $24.44, for a total transaction of $2,194,712.00.
• On Tuesday, August 1st, Sanjit Biswas sold 53,151 shares of Samsara stock. The shares were sold at an average price of $27.67, for a total value of $1,470,688.17.
• On Tuesday, July 25th, Sanjit Biswas sold 43,641 shares of Samsara stock. The stock was sold at an average price of $26.67, for a total transaction of $1,163,905.47.
• On Tuesday, July 18th, Sanjit Biswas sold 89,800 shares of Samsara stock. The stock was sold at an average price of $28.72, for a total transaction of $2,579,056.00.
• On Tuesday, July 11th, Sanjit Biswas sold 89,800 shares of Samsara stock. The stock was sold at an average price of $27.70, for a total value of $2,487,460.00.

Samsara Price Performance

Shares of IOT stock opened at $29.03 on Friday. The firm has a market capitalization of $15.34 billion, a price-to-earnings ratio of -64.50 and a beta of 1.39. Samsara Inc. has a 12-month low of $8.42 and a 12-month high of $32.41. The business has a 50 day simple moving average of $26.89 and a 200 day simple moving average of $23.37.

Institutional Trading of Samsara

A number of hedge funds and other institutional investors have recently made changes to their positions in IOT. California State Teachers Retirement System boosted its holdings in shares of Samsara by 25.8% in the second quarter. California State Teachers Retirement System now owns 97,901 shares of the company’s stock valued at $2,713,000 after acquiring an additional 20,080 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Samsara by 1,099.5% during the 2nd quarter. Osaic Holdings Inc. now owns 48,422 shares of the company’s stock valued at $1,342,000 after purchasing an additional 44,385 shares during the period. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Samsara in the 2nd quarter worth $1,884,000. Coppell Advisory Solutions LLC bought a new position in Samsara during the second quarter valued at about $47,000. Finally, GTS Securities LLC bought a new stake in Samsara in the second quarter worth about $353,000. 52.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on IOT shares. Wells Fargo & Company increased their price objective on shares of Samsara from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, September 1st. StockNews.com started coverage on Samsara in a research report on Thursday, August 17th. They set a “sell” rating on the stock. Morgan Stanley increased their price objective on shares of Samsara from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, September 1st. BMO Capital Markets raised their price target on shares of Samsara from $27.00 to $28.00 and gave the company a “market perform” rating in a report on Friday, September 1st. Finally, Royal Bank of Canada lifted their target price on Samsara from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.80.

About Samsara

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.