Samsara Inc. (NYSE:IOT – Get Free Report) insider Sanjit Biswas sold 136,943 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $31.44, for a total transaction of $4,305,487.92. Following the completion of the sale, the insider owned 47,000 shares in the company, valued at approximately $1,477,680. The trade was a 74.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sanjit Biswas also recently made the following trade(s):
- On Thursday, April 2nd, Sanjit Biswas sold 10,381 shares of Samsara stock. The stock was sold at an average price of $30.97, for a total transaction 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 transaction of $3,707,116.80.
- 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 transaction of $6,827,093.00.
- On Wednesday, February 4th, Sanjit Biswas sold 208,081 shares of Samsara stock. The stock was sold at an average price of $25.19, for a total transaction of $5,241,560.39.
- On Tuesday, February 3rd, Sanjit Biswas sold 55,819 shares of Samsara stock. The stock was sold at an average price of $25.23, for a total transaction of $1,408,313.37.
- On Tuesday, January 20th, Sanjit Biswas sold 263,900 shares of Samsara stock. The shares were sold at an average price of $32.43, for a total value of $8,558,277.00.
- On Tuesday, January 6th, Sanjit Biswas sold 263,900 shares of Samsara stock. The stock was sold at an average price of $34.40, for a total value of $9,078,160.00.
Samsara Price Performance
IOT stock traded up $0.37 during midday trading on Thursday, reaching $32.21. 3,901,725 shares of the stock were exchanged, compared to its average volume of 8,431,085. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $48.40. The company has a fifty day moving average price of $29.63 and a 200 day moving average price of $35.03. The stock has a market capitalization of $18.70 billion, a PE ratio of -1,609.45, a P/E/G ratio of 11.62 and a beta of 1.49.
Wall Street Analyst Weigh In
Several brokerages have issued reports on IOT. The Goldman Sachs Group set a $45.00 price target on shares of Samsara in a research report on Monday, March 2nd. KeyCorp lifted their price target on shares of Samsara from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. UBS Group reissued a “buy” rating and issued a $48.00 price objective on shares of Samsara in a research note on Friday, March 6th. Wells Fargo & Company increased their price objective on Samsara from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, March 6th. Finally, Truist Financial lowered their target price on Samsara from $39.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.18.
Check Out Our Latest Stock Report on Samsara
Hedge Funds Weigh In On Samsara
Several institutional investors have recently added to or reduced their stakes in IOT. Rockefeller Capital Management L.P. boosted its holdings in shares of Samsara by 39.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 16,517 shares of the company’s stock worth $586,000 after buying an additional 4,649 shares in the last quarter. World Investment Advisors bought a new stake in shares of Samsara in the 4th quarter valued at $205,000. Corient Private Wealth LLC lifted its position in shares of Samsara by 99.7% during the 4th quarter. Corient Private Wealth LLC now owns 39,382 shares of the company’s stock valued at $1,396,000 after acquiring an additional 19,659 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Samsara by 2,247.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 5,023 shares of the company’s stock worth $178,000 after acquiring an additional 4,809 shares in the last quarter. Finally, Sit Investment Associates Inc. boosted its stake in Samsara by 13.2% during the fourth quarter. Sit Investment Associates Inc. now owns 70,320 shares of the company’s stock worth $2,493,000 after acquiring an additional 8,205 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.
Samsara Company Profile
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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