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

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

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 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 stock was sold at an average price of $43.81, for a total transaction of $1,049,687.60.

Samsara Trading Up 5.9 %

IOT opened at $38.02 on Thursday. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90. The stock has a market capitalization of $21.33 billion, a PE ratio of -80.88 and a beta of 1.63. The firm has a 50-day moving average price of $48.56 and a two-hundred day moving average price of $48.20.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on IOT shares. Loop Capital increased their price target on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley upped their price objective on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Berenberg Bank started coverage on Samsara in a research report on Monday, February 3rd. They set a “hold” rating and a $57.00 target price for the company. Truist Financial lowered their price target on Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Finally, Raymond James initiated coverage on Samsara in a report on Wednesday, February 26th. They set a “market perform” rating for the company. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Institutional Trading of Samsara

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