Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells $3,344,372.80 in Stock

Posted by Anthony Miller on Jan 25th, 2025

Samsara Inc. (NYSE:IOT – Get Free Report) insider Sanjit Biswas sold 72,077 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $46.40, for a total transaction of $3,344,372.80. Following the completion of the transaction, the insider now owns 31,654 shares in the company, valued at approximately $1,468,745.60. This trade represents a 69.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

On Tuesday, January 21st, Sanjit Biswas sold 73,762 shares of Samsara stock. The stock was sold at an average price of $47.08, for a total transaction of $3,472,714.96.
On Wednesday, January 15th, Sanjit Biswas sold 170,416 shares of Samsara stock. The stock was sold at an average price of $45.30, for a total transaction of $7,719,844.80.
On Monday, January 13th, Sanjit Biswas sold 56,474 shares of Samsara stock. The stock was sold at an average price of $43.33, for a total transaction of $2,447,018.42.
On Friday, January 10th, Sanjit Biswas sold 81,163 shares of Samsara stock. The stock was sold at an average price of $43.39, for a total value of $3,521,662.57.
On Wednesday, January 8th, Sanjit Biswas sold 85,063 shares of Samsara stock. The stock was sold at an average price of $43.84, for a total value of $3,729,161.92.
On Monday, January 6th, Sanjit Biswas sold 59,114 shares of Samsara stock. The stock was sold at an average price of $45.25, for a total value of $2,674,908.50.
On Thursday, December 26th, Sanjit Biswas sold 48,884 shares of Samsara stock. The stock was sold at an average price of $45.36, for a total value of $2,217,378.24.
On Tuesday, December 3rd, Sanjit Biswas sold 83,333 shares of Samsara stock. The stock was sold at an average price of $53.81, for a total value of $4,484,148.73.
On Monday, November 25th, Sanjit Biswas sold 75,594 shares of Samsara stock. The stock was sold at an average price of $55.89, for a total value of $4,224,948.66.
On Tuesday, November 19th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $50.37, for a total value of $4,835,520.00.

Samsara Price Performance

IOT stock opened at $48.18 on Friday. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51. The company has a market cap of $27.04 billion, a P/E ratio of -102.51 and a beta of 1.59. The firm has a 50-day moving average of $48.02 and a 200 day moving average of $45.20.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IOT. Craig Hallum began coverage on Samsara in a research note on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price objective for the company. TD Cowen increased their price objective on Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 11th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Truist Financial increased their price objective on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Finally, Royal Bank of Canada increased their price objective on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.29.

Check Out Our Latest Stock Report on Samsara

Hedge Funds Weigh In On Samsara

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp grew its holdings in Samsara by 4.7% in the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock worth $102,283,000 after purchasing an additional 95,006 shares during the period. HighTower Advisors LLC grew its holdings in Samsara by 193.4% in the third quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock worth $2,981,000 after purchasing an additional 40,833 shares during the period. Swiss National Bank grew its holdings in Samsara by 3.1% in the third quarter. Swiss National Bank now owns 615,600 shares of the company’s stock worth $29,623,000 after purchasing an additional 18,400 shares during the period. International Assets Investment Management LLC grew its holdings in Samsara by 2,787.2% in the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock worth $521,000 after purchasing an additional 10,452 shares during the period. Finally, Bank of Montreal Can purchased a new stake in Samsara in the second quarter worth about $537,000. 96.02% of the stock is owned by institutional investors.

Samsara Company Profile

(Get Free Report)

Samsara Inc provides solutions that connects 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.