Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 11,343 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 11,343 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $39.76, for a total value of $450,997.68. Following the completion of the sale, the insider now directly owns 271,922 shares in the company, valued at $10,811,618.72. This trade represents a 4.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 10th, Adam Eltoukhy sold 3,903 shares of Samsara stock. The shares were sold at an average price of $34.07, for a total value of $132,975.21.
• On Friday, March 7th, Adam Eltoukhy sold 31,042 shares of Samsara stock. The stock was sold at an average price of $35.89, for a total transaction of $1,114,097.38.
• On Thursday, February 20th, Adam Eltoukhy sold 9,043 shares of Samsara stock. The shares were sold at an average price of $53.88, for a total transaction of $487,236.84.

Samsara Stock Performance

Shares of IOT stock opened at $42.10 on Tuesday. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $61.90. The stock has a market capitalization of $23.62 billion, a PE ratio of -89.57 and a beta of 1.63. The stock’s fifty day moving average is $47.77 and its 200-day moving average is $48.18.

Analyst Ratings Changes

IOT has been the subject of a number of research analyst reports. Raymond James initiated coverage on shares of Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating for the company. Piper Sandler upgraded Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price objective for the company in a research report on Monday, March 10th. JPMorgan Chase & Co. boosted their price objective on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. BMO Capital Markets raised Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research report on Monday, March 10th. Finally, Royal Bank of Canada lowered their price target on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

Institutional Investors Weigh In On Samsara

Hedge funds have recently added to or reduced their stakes in the stock. GLOBALT Investments LLC GA raised its stake in shares of Samsara by 0.3% in the fourth quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company’s stock worth $2,444,000 after acquiring an additional 182 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares in the last quarter. Private Trust Co. NA raised its position in Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after purchasing an additional 250 shares during the last quarter. Tidal Investments LLC lifted its holdings in Samsara by 4.6% during the 4th quarter. Tidal Investments LLC now owns 6,403 shares of the company’s stock worth $280,000 after buying an additional 281 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in Samsara by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock valued at $253,000 after buying an additional 300 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Samsara Company Profile

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.