Samsara Inc. (NYSE:IOT – Get Free Report) insider Sanjit Biswas sold 263,900 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $32.43, for a total transaction of $8,558,277.00. Following the completion of the transaction, the insider owned 78,800 shares of the company’s stock, valued at approximately $2,555,484. The trade was a 77.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Sanjit Biswas also recently made the following trade(s):
- On Tuesday, January 6th, Sanjit Biswas sold 263,900 shares of Samsara stock. The shares were sold at an average price of $34.40, for a total transaction of $9,078,160.00.
- On Tuesday, December 30th, Sanjit Biswas sold 77,758 shares of Samsara stock. The stock was sold at an average price of $35.96, for a total transaction of $2,796,177.68.
- On Monday, December 29th, Sanjit Biswas sold 82,242 shares of Samsara stock. The stock was sold at an average price of $36.27, for a total transaction of $2,982,917.34.
- On Thursday, December 18th, Sanjit Biswas sold 24,498 shares of Samsara stock. The shares were sold at an average price of $38.73, for a total transaction of $948,807.54.
- On Wednesday, December 17th, Sanjit Biswas sold 135,502 shares of Samsara stock. The shares were sold at an average price of $38.37, for a total value of $5,199,211.74.
- On Wednesday, December 3rd, Sanjit Biswas sold 14,152 shares of Samsara stock. The stock was sold at an average price of $38.10, for a total value of $539,191.20.
- On Tuesday, December 2nd, Sanjit Biswas sold 145,848 shares of Samsara stock. The shares were sold at an average price of $37.85, for a total value of $5,520,346.80.
- On Wednesday, November 19th, Sanjit Biswas sold 36,664 shares of Samsara stock. The stock was sold at an average price of $36.13, for a total value of $1,324,670.32.
- On Tuesday, November 18th, Sanjit Biswas sold 123,336 shares of Samsara stock. The shares were sold at an average price of $36.50, for a total value of $4,501,764.00.
- On Wednesday, November 5th, Sanjit Biswas sold 10,937 shares of Samsara stock. The shares were sold at an average price of $38.38, for a total value of $419,762.06.
Samsara Stock Performance
Shares of NYSE IOT traded up $0.30 during mid-day trading on Thursday, reaching $32.10. The company had a trading volume of 5,935,944 shares, compared to its average volume of 7,194,574. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of -401.25 and a beta of 1.62. The stock has a fifty day moving average of $37.20 and a two-hundred day moving average of $37.49. Samsara Inc. has a 12-month low of $31.25 and a 12-month high of $61.90.
Analysts Set New Price Targets
A number of research firms have recently weighed in on IOT. Wells Fargo & Company raised their price target on Samsara from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. JPMorgan Chase & Co. lifted their target price on shares of Samsara from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Royal Bank Of Canada dropped their price target on shares of Samsara from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Samsara in a research note on Wednesday, October 8th. Finally, Exane BNP Paribas upgraded shares of Samsara to a “strong-buy” rating in a report on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Samsara currently has an average rating of “Moderate Buy” and an average price target of $50.56.
Get Our Latest Stock Report on Samsara
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC acquired a new stake in Samsara during the 2nd quarter worth $28,000. Versant Capital Management Inc increased its position in shares of Samsara by 6,078.6% in the third quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock valued at $32,000 after acquiring an additional 851 shares during the last quarter. Whipplewood Advisors LLC raised its stake in shares of Samsara by 349.8% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,093 shares of the company’s stock worth $43,000 after purchasing an additional 850 shares in the last quarter. Allworth Financial LP lifted its stake in Samsara by 906.9% in the second quarter. Allworth Financial LP now owns 1,168 shares of the company’s stock valued at $46,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Optiver Holding B.V. grew its position 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 acquiring an additional 1,058 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
- Five stocks we like better than Samsara
- Trump’s AI Secret: 100X Faster Than Nvidia
- The Crash Has Already Started (Most Just Don’t See It Yet)
- Wall Street Alert: Buy AES
- New gold price target
- Trump Planning to Use Public Law 63-43: Prepare Now
Receive News & Ratings for Samsara Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Samsara and related companies with MarketBeat.com's FREE daily email newsletter.
