Samsara Inc. (NYSE:IOT) CEO Sells $2,737,104.00 in Stock

Posted by Defense World Staff on Sep 17th, 2023

Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 89,800 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 1,077,600 shares of the company’s stock, valued at approximately $32,845,248. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction 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 transaction 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $27.67, for a total transaction 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 transaction of $2,487,460.00.

Samsara Trading Down 3.1 %

NYSE:IOT opened at $28.14 on Friday. The company’s 50-day moving average price is $26.92 and its 200-day moving average price is $23.50. Samsara Inc. has a twelve month low of $8.42 and a twelve month high of $32.41. The company has a market cap of $14.87 billion, a P/E ratio of -62.53 and a beta of 1.39.

Hedge Funds Weigh In On Samsara

A number of institutional investors have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised its stake in Samsara by 90,983.8% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 45,374,298 shares of the company’s stock worth $1,257,322,000 after purchasing an additional 45,324,482 shares during the period. Baillie Gifford & Co. raised its stake in Samsara by 13.9% during the second quarter. Baillie Gifford & Co. now owns 21,419,199 shares of the company’s stock worth $593,526,000 after purchasing an additional 2,606,137 shares during the period. General Atlantic L.P. purchased a new position in Samsara during the first quarter worth about $181,957,000. Vanguard Group Inc. raised its stake in 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 purchasing an additional 3,495,366 shares during the period. Finally, Morgan Stanley raised its stake in Samsara by 4.6% during the fourth quarter. Morgan Stanley now owns 7,326,909 shares of the company’s stock worth $91,073,000 after purchasing an additional 320,468 shares during the period. 52.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IOT has been the topic of several analyst reports. Piper Sandler raised their price target on shares of Samsara from $21.00 to $23.00 in a research report on Friday, June 2nd. StockNews.com initiated coverage on shares of Samsara in a research report on Thursday, August 17th. They set a “sell” rating on the stock. Truist Financial raised their price target on shares of Samsara from $20.00 to $27.00 in a research report on Friday, June 23rd. Wells Fargo & Company increased their price objective on shares of Samsara from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, September 1st. Finally, 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 report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.80.

Check Out Our Latest Research Report on IOT

About Samsara

(Get Free Report)

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.

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