Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 31,042 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 31,042 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $35.89, for a total value of $1,114,097.38. Following the completion of the sale, the insider now owns 331,106 shares of the company’s stock, valued at $11,883,394.34. The trade was a 8.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, March 10th, Adam Eltoukhy sold 3,903 shares of Samsara stock. The stock was sold at an average price of $34.07, for a total value of $132,975.21.
• 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 value 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 value of $1,049,687.60.

Samsara Stock Performance

Shares of IOT opened at $35.91 on Wednesday. The business’s 50-day moving average is $48.67 and its two-hundred day moving average is $48.27. The company has a market capitalization of $20.15 billion, a P/E ratio of -76.40 and a beta of 1.63. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Loop Capital upped their target price on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Truist Financial lowered their target price on Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a report on Friday, March 7th. Morgan Stanley upped their price target on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Piper Sandler raised Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price target on the stock in a research report on Monday. Finally, BMO Capital Markets raised Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Monday. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IOT. NewEdge Advisors LLC lifted its stake in Samsara by 262.0% in the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after buying an additional 414 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Samsara in the 4th quarter valued at about $31,000. Hobbs Group Advisors LLC purchased a new position in Samsara in the 3rd quarter valued at about $34,000. IFP Advisors Inc lifted its stake in Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after buying an additional 598 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in Samsara in the 4th quarter valued at about $38,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.