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

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 9,043 shares of Samsara stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $53.88, for a total transaction of $487,236.84. Following the transaction, the insider now directly owns 331,106 shares in the company, valued at $17,839,991.28. This trade represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction of $1,049,687.60.

Samsara Stock Down 1.3 %

Shares of NYSE:IOT opened at $49.96 on Wednesday. Samsara Inc. has a 52-week low of $27.14 and a 52-week high of $61.90. The company has a 50 day moving average of $49.05 and a two-hundred day moving average of $48.10. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of -106.30 and a beta of 1.61.

Institutional Trading of Samsara

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its stake in Samsara by 4.7% during the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock worth $102,283,000 after purchasing an additional 95,006 shares during the last quarter. HighTower Advisors LLC lifted its stake in Samsara by 193.4% during the third quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock worth $2,981,000 after purchasing an additional 40,833 shares during the last quarter. Swiss National Bank lifted its stake in Samsara by 3.1% during the third quarter. Swiss National Bank now owns 615,600 shares of the company’s stock worth $29,623,000 after purchasing an additional 18,400 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Samsara during the fourth quarter worth $422,000. Finally, International Assets Investment Management LLC lifted its stake in Samsara by 2,787.2% during the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock worth $521,000 after purchasing an additional 10,452 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Wells Fargo & Company lifted their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Morgan Stanley lifted their price objective on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price objective on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Truist Financial lifted their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a report on Monday, November 18th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.67.

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.