Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $39.26, for a total transaction of $3,768,960.00. Following the completion of the transaction, the chief executive officer now directly owns 1,307,921 shares of the company’s stock, valued at approximately $51,348,978.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Sanjit Biswas also recently made the following trade(s):
- On Tuesday, March 19th, Sanjit Biswas sold 84,137 shares of Samsara stock. The stock was sold at an average price of $36.36, for a total transaction of $3,059,221.32.
- On Tuesday, March 12th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $38.70, for a total transaction of $3,715,200.00.
- On Tuesday, March 5th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $33.20, for a total value of $3,187,200.00.
- On Tuesday, February 27th, Sanjit Biswas sold 80,342 shares of Samsara stock. The stock was sold at an average price of $33.74, for a total value of $2,710,739.08.
- On Tuesday, February 13th, Sanjit Biswas sold 96,000 shares of Samsara stock. The shares were sold at an average price of $32.92, for a total value of $3,160,320.00.
- On Tuesday, February 6th, Sanjit Biswas sold 79,165 shares of Samsara stock. The stock was sold at an average price of $31.42, for a total value of $2,487,364.30.
- On Tuesday, January 30th, Sanjit Biswas sold 92,216 shares of Samsara stock. The shares were sold at an average price of $31.93, for a total transaction of $2,944,456.88.
- On Tuesday, January 23rd, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $32.50, for a total transaction of $3,120,000.00.
- On Tuesday, January 16th, Sanjit Biswas sold 96,000 shares of Samsara stock. The stock was sold at an average price of $33.85, for a total transaction of $3,249,600.00.
- On Tuesday, January 9th, Sanjit Biswas sold 87,127 shares of Samsara stock. The shares were sold at an average price of $32.63, for a total transaction of $2,842,954.01.
Samsara Stock Down 1.6 %
IOT stock traded down $0.60 during midday trading on Thursday, hitting $37.79. 2,461,577 shares of the company traded hands, compared to its average volume of 3,896,507. Samsara Inc. has a twelve month low of $16.63 and a twelve month high of $40.54. The business has a 50 day simple moving average of $34.38 and a 200-day simple moving average of $30.39. The stock has a market capitalization of $20.41 billion, a price-to-earnings ratio of -71.30 and a beta of 1.55.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
IOT has been the topic of a number of research analyst reports. BMO Capital Markets lifted their target price on Samsara from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Friday, December 1st. Wells Fargo & Company increased their target price on shares of Samsara from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, December 1st. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. upped their target price on shares of Samsara from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, December 1st. Finally, Piper Sandler raised their price objective on Samsara from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, December 1st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Samsara currently has a consensus rating of “Hold” and a consensus target price of $31.56.
Check Out Our Latest Research Report on Samsara
Samsara Company Profile
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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