Adam Eltoukhy Sells 11,343 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 11,343 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $39.76, for a total transaction of $450,997.68. Following the completion of the transaction, the insider now owns 271,922 shares in the company, valued at $10,811,618.72. The trade was a 4.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 Friday, March 7th, Adam Eltoukhy sold 31,042 shares of Samsara stock. The shares were sold at an average price of $35.89, for a total value of $1,114,097.38.
• 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.

Samsara Price Performance

IOT opened at $42.54 on Wednesday. The firm has a market cap of $23.87 billion, a PE ratio of -90.51 and a beta of 1.63. The stock has a 50-day moving average price of $47.74 and a 200-day moving average price of $48.17. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of Samsara by 7.3% during the fourth quarter. Wellington Management Group LLP now owns 8,538 shares of the company’s stock valued at $373,000 after buying an additional 579 shares during the last quarter. California State Teachers Retirement System boosted its stake in Samsara by 0.8% during the 4th quarter. California State Teachers Retirement System now owns 312,209 shares of the company’s stock valued at $13,640,000 after purchasing an additional 2,577 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Samsara by 18.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,089 shares of the company’s stock worth $703,000 after purchasing an additional 2,539 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Samsara in the fourth quarter worth $2,062,000. Finally, Wealthedge Investment Advisors LLC bought a new position in shares of Samsara during the fourth quarter valued at $398,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on IOT shares. Raymond James assumed coverage on Samsara in a research note on Wednesday, February 26th. They issued a “market perform” rating for the company. Royal Bank of Canada dropped their target price on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Loop Capital boosted 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. Craig Hallum restated a “hold” rating on shares of Samsara in a report on Friday, March 7th. Finally, Cowen reiterated a “buy” rating on shares of Samsara in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.60.

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.