Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 3,903 Shares

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 3,903 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $34.07, for a total transaction of $132,975.21. Following the completion of the sale, the insider now directly owns 320,936 shares in the company, valued at approximately $10,934,289.52. This represents a 1.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 stock was sold at an average price of $53.88, for a total transaction of $487,236.84.
• On Friday, December 20th, Adam Eltoukhy sold 23,960 shares of Samsara stock. The stock was sold at an average price of $43.81, for a total transaction of $1,049,687.60.

Samsara Trading Up 5.4 %

Shares of NYSE:IOT opened at $35.91 on Wednesday. The stock’s fifty day simple moving average is $48.67 and its two-hundred day simple moving average is $48.27. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90. The stock has a market cap of $20.15 billion, a PE ratio of -76.40 and a beta of 1.63.

Hedge Funds Weigh In On Samsara

Several large investors have recently bought and sold shares of IOT. Farther Finance Advisors LLC lifted its stake in Samsara by 77.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company’s stock valued at $91,000 after acquiring an additional 821 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Samsara by 2.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 78,287 shares of the company’s stock valued at $3,767,000 after purchasing an additional 2,114 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Samsara by 23.4% during 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 period. Rakuten Securities Inc. boosted its holdings in shares of Samsara by 100.4% in the 3rd quarter. Rakuten Securities Inc. now owns 46,903 shares of the company’s stock worth $2,257,000 after buying an additional 23,495 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Samsara by 4.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 376,283 shares of the company’s stock valued at $18,107,000 after buying an additional 16,528 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on IOT. Raymond James began coverage on shares of Samsara in a research note on Wednesday, February 26th. They set a “market perform” rating for the company. Piper Sandler raised shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 target price for the company in a research note on Monday. JPMorgan Chase & Co. lifted their target price on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Truist Financial cut their target price on shares of Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Finally, Loop Capital increased their target price on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Samsara currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

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.