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 firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $39.76, for a total value of $450,997.68. Following the completion of the transaction, the insider now owns 271,922 shares of the company’s stock, valued at approximately $10,811,618.72. The trade was a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction of $132,975.21.
• On Friday, March 7th, Adam Eltoukhy sold 31,042 shares of Samsara stock. The stock was sold at an average price of $35.89, for a total transaction of $1,114,097.38.
• 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.

Samsara Trading Up 4.8 %

Shares of IOT stock traded up $1.94 during trading hours on Monday, hitting $42.10. The company’s stock had a trading volume of 3,132,284 shares, compared to its average volume of 3,544,671. The business has a fifty day moving average of $47.80 and a 200-day moving average of $48.16. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The stock has a market cap of $23.62 billion, a price-to-earnings ratio of -89.57 and a beta of 1.63.

Institutional Investors Weigh In On Samsara

A number of large investors have recently bought and sold shares of IOT. Victory Capital Management Inc. boosted its stake in shares of Samsara by 12.6% during the third quarter. Victory Capital Management Inc. now owns 67,851 shares of the company’s stock valued at $3,265,000 after acquiring an additional 7,613 shares during the last quarter. Empowered Funds LLC lifted its holdings in Samsara by 55.1% in the 3rd quarter. Empowered Funds LLC now owns 9,750 shares of the company’s stock valued at $469,000 after purchasing an additional 3,463 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Samsara during the 3rd quarter worth about $205,000. Jennison Associates LLC purchased a new stake in shares of Samsara during the third quarter worth about $211,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Samsara during the third quarter valued at approximately $697,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Craig Hallum reissued a “hold” rating on shares of Samsara in a report on Friday, March 7th. Truist Financial cut 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. 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 report on Thursday, December 5th. BMO Capital Markets upgraded shares of Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research report on Monday, March 10th. Finally, Raymond James started coverage on Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating on the stock. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.60.

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.