Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 3,903 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 3,903 shares of Samsara stock in a transaction on Monday, March 10th. The shares were 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 of the company’s stock, valued at approximately $10,934,289.52. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 value 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.
• 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 Stock Performance

Shares of NYSE IOT traded up $1.85 during trading on Tuesday, hitting $35.91. 6,796,361 shares of the company were exchanged, compared to its average volume of 3,687,810. The firm has a market capitalization of $20.15 billion, a PE ratio of -76.40 and a beta of 1.63. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The company has a fifty day moving average price of $48.83 and a 200-day moving average price of $48.31.

Institutional Trading of Samsara

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. raised its holdings in shares of Samsara by 23.4% in the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after buying an additional 6,411,178 shares during the last quarter. FMR LLC raised its stake in shares of Samsara by 24.0% during the 4th quarter. FMR LLC now owns 14,743,175 shares of the company’s stock worth $644,129,000 after buying an additional 2,852,575 shares in the last quarter. Jordan Park Trust Co LLC acquired a new stake in Samsara in the fourth quarter valued at $112,041,000. Norges Bank purchased a new stake in Samsara during the fourth quarter worth about $106,274,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Samsara by 107.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock worth $181,045,000 after acquiring an additional 2,148,081 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on IOT. Craig Hallum reissued a “hold” rating on shares of Samsara in a research note on Friday. Truist Financial reduced their price objective on shares of Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research report on Friday. Raymond James initiated coverage on Samsara in a research note on Wednesday, February 26th. They set a “market perform” rating on the stock. Morgan Stanley upped their target price on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Finally, Loop Capital raised their target price on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.60.

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.