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

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 31,042 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $35.89, for a total transaction 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 approximately $11,883,394.34. The trade was a 8.57 % 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 Monday, March 10th, Adam Eltoukhy sold 3,903 shares of Samsara stock. The shares were sold at an average price of $34.07, for a total transaction 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 Price Performance

Shares of IOT opened at $35.91 on Wednesday. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90. The stock has a market cap of $20.15 billion, a PE ratio of -76.40 and a beta of 1.63. The firm has a fifty day moving average price of $48.67 and a 200 day moving average price of $48.27.

Wall Street Analyst Weigh In

IOT has been the subject of a number of recent analyst reports. Craig Hallum restated a “hold” rating on shares of Samsara in a report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Truist Financial dropped their target price on shares of Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a report on Friday, March 7th. Berenberg Bank assumed coverage on shares of Samsara in a report on Monday, February 3rd. They issued a “hold” rating and a $57.00 target price for the company. Finally, Loop Capital raised their price target 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 given a buy rating to the company. According to MarketBeat, Samsara has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Institutional Investors Weigh In On Samsara

A number of institutional investors and hedge funds have recently bought and sold shares of IOT. NewEdge Advisors LLC lifted its position in Samsara by 262.0% in the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after acquiring an additional 414 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Samsara in the fourth quarter valued at $31,000. Hobbs Group Advisors LLC acquired a new position in Samsara in the third quarter valued at $34,000. IFP Advisors Inc increased its stake in Samsara by 290.3% in the fourth quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after purchasing an additional 598 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in Samsara in the fourth quarter valued at $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.