Samsara Inc. (NYSE:IOT) Insider Sells $487,236.84 in Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 9,043 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $53.88, for a total value of $487,236.84. Following the sale, the insider now directly owns 331,106 shares of the company’s stock, valued at approximately $17,839,991.28. This trade represents a 2.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Adam Eltoukhy also recently made the following trade(s):

• On Friday, December 20th, Adam Eltoukhy sold 23,960 shares of Samsara stock. The shares were sold at an average price of $43.81, for a total value of $1,049,687.60.

Samsara Trading Up 0.2 %

Samsara stock opened at $50.11 on Thursday. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The stock has a market cap of $28.12 billion, a P/E ratio of -106.62 and a beta of 1.61. The stock has a 50 day moving average of $49.18 and a 200-day moving average of $48.11.

Wall Street Analyst Weigh In

IOT has been the topic of several research reports. Berenberg Bank initiated coverage on shares of Samsara in a report on Monday, February 3rd. They issued a “hold” rating and a $57.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Truist Financial increased their price target on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a report on Monday, November 18th. Raymond James assumed coverage on Samsara in a research note on Wednesday. They set a “market perform” rating on the stock. Finally, Piper Sandler increased their target price on Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.67.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. increased its position in shares of Samsara by 23.4% in the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after purchasing an additional 6,411,178 shares during the last quarter. FMR LLC grew its stake in Samsara by 24.0% in the fourth quarter. FMR LLC now owns 14,743,175 shares of the company’s stock worth $644,129,000 after purchasing an additional 2,852,575 shares in the last quarter. Jordan Park Trust Co LLC bought a new stake in Samsara in the fourth quarter valued at about $112,041,000. Norges Bank acquired a new stake in Samsara during the fourth quarter valued at approximately $106,274,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Samsara by 107.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock valued at $181,045,000 after buying an additional 2,148,081 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

About Samsara

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.