Samsara Unusual Options Activity

Investors with a lot of money to spend have taken a bearish stance on Samsara IOT.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with IOT, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 12 options trades for Samsara.

This isn't normal.

The overall sentiment of these big-money traders is split between 41% bullish and 58%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $77,880, and 11, calls, for a total amount of $782,083.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $43.0 for Samsara over the last 3 months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Samsara's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Samsara's substantial trades, within a strike price spectrum from $30.0 to $43.0 over the preceding 30 days.

Samsara Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About Samsara

Samsara Inc provides an end-to-end solution for operations: The solution connects physical operations data to the Connected Operations Cloud, which consists of the Data Platform and Application. Geographically, it derives a majority of its revenue from the United States.

Following our analysis of the options activities associated with Samsara, we pivot to a closer look at the company's own performance.

Current Position of Samsara

• Trading volume stands at 5,384,686, with IOT's price up by 1.4%, positioned at $39.08.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 65 days.

What Analysts Are Saying About Samsara

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $43.4.

• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Samsara, targeting a price of $44.
• An analyst from Evercore ISI Group persists with their In-Line rating on Samsara, maintaining a target price of $41.
• An analyst from BMO Capital persists with their Market Perform rating on Samsara, maintaining a target price of $40.
• An analyst from TD Cowen persists with their Outperform rating on Samsara, maintaining a target price of $45.
• An analyst from RBC Capital persists with their Outperform rating on Samsara, maintaining a target price of $47.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Samsara options trades with real-time alerts from Benzinga Pro.