Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 9,043 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 9,043 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $53.88, for a total transaction of $487,236.84. Following the completion of the transaction, the insider now owns 331,106 shares in the company, valued at approximately $17,839,991.28. This represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 Stock Down 4.2 %

IOT stock opened at $50.59 on Tuesday. The stock has a market cap of $28.39 billion, a price-to-earnings ratio of -107.64 and a beta of 1.61. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The business has a 50 day moving average price of $48.99 and a 200 day moving average price of $48.01.

Wall Street Analyst Weigh In

Several research firms have weighed in on IOT. JPMorgan Chase & Co. lifted their target price on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. 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. Royal Bank of Canada increased their target price on shares of Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. BMO Capital Markets raised 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. Finally, Berenberg Bank started coverage on Samsara in a research report on Monday, February 3rd. They set a “hold” rating and a $57.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Samsara currently has an average rating of “Hold” and a consensus price target of $51.67.

Institutional Trading of Samsara

Several institutional investors have recently modified their holdings of the stock. GLOBALT Investments LLC GA grew its position in shares of Samsara by 0.3% in the 4th quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company’s stock valued at $2,444,000 after buying an additional 182 shares during the last quarter. Continuum Advisory LLC boosted its stake in Samsara by 39.1% in 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 in the last quarter. Private Trust Co. NA grew its holdings in shares of Samsara by 19.2% during the third quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after purchasing an additional 250 shares during the last quarter. Tidal Investments LLC increased its position in shares of Samsara by 4.6% during 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 in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Samsara by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock valued at $253,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.