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Sanjit Biswas, Chief Executive Officer of Samsara Inc. (NYSE:IOT), sold a total of $6,087,419 in Class A Common Stock on July 22 and 23, according to a recent SEC filing. The sales were executed in multiple transactions with prices ranging from $37.55 to $39.055 per share. The company, currently valued at $22 billion, has shown impressive revenue growth of 32% over the last twelve months and maintains strong gross profit margins of 77%. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with analysts setting price targets between $38 and $60.
The sales included two separate transactions on July 22. The first involved the sale of 91,158 shares at a weighted average price of $37.8724, for a total of $3,452,494. These shares were sold in multiple transactions at prices ranging from $37.55 to $38.31. The second transaction involved 6,000 shares at a weighted average price of $37.9334, for a total of $227,600. These shares were sold in multiple transactions at prices ranging from $37.56 to $38.31. An additional 27,000 shares were sold at a weighted average price of $37.8784, for a total of $1,022,717. These shares were sold in multiple transactions at prices ranging from $37.55 to $38.32. InvestingPro data shows the stock has exhibited significant price volatility, with a beta of 1.63, making it more volatile than the broader market.
On July 23, Biswas sold another block of shares in two transactions. 12,957 shares were sold at a weighted average price of $38.2872, for a total of $496,028. These shares were sold in multiple transactions at prices ranging from $37.70 to $38.69. The final transaction involved the sale of 22,885 shares at a weighted average price of $38.8308, for a total of $888,610. These shares were sold in multiple transactions at prices ranging from $38.70 to $39.055.
The sales were conducted under Rule 10b5-1 trading plans. Following these transactions, Biswas directly owns 1,320,311 shares of Samsara Inc. Class A Common Stock. Additionally, he indirectly owns 978,902 shares through the Biswas Family Trust, 66,000 shares through The Biswas Trust I, and 297,000 shares through The Biswas Trust II. For deeper insights into Samsara’s financial health, valuation metrics, and comprehensive analysis, access the full Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Samsara Inc. has been the focus of several analyst updates following its Beyond 2025 event and Investor Day. Wolfe Research raised its price target for Samsara to $50, citing increased confidence in the company’s high-growth durability and management stability. Goldman Sachs reiterated its Buy rating with a $46 price target, emphasizing Samsara’s transition to an AI-first, multi-product operations platform. Truist Securities maintained a Hold rating and a $42 price target, noting the company’s pace of innovation and potential benefits from digitization trends. Evercore ISI kept its In Line rating with a $45 price target, highlighting the company’s extensive product innovation. William Blair also reiterated its Outperform rating, pointing to significant market opportunities in connected operations digitization. These developments underscore the varied analyst perspectives on Samsara’s growth potential and strategic direction.
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