Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 23,960 Shares

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 23,960 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $43.81, for a total transaction of $1,049,687.60. Following the sale, the insider now directly owns 331,106 shares of the company’s stock, valued at approximately $14,505,753.86. The trade was a 6.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, November 21st, Adam Eltoukhy sold 12,500 shares of Samsara stock. The stock was sold at an average price of $55.05, for a total value of $688,125.00.
• On Friday, November 15th, Adam Eltoukhy sold 9,307 shares of Samsara stock. The stock was sold at an average price of $49.55, for a total value of $461,161.85.
• On Tuesday, October 15th, Adam Eltoukhy sold 9,308 shares of Samsara stock. The shares were sold at an average price of $50.64, for a total value of $471,357.12.
• On Thursday, October 10th, Adam Eltoukhy sold 4,000 shares of Samsara stock. The stock was sold at an average price of $50.00, for a total transaction of $200,000.00.
• On Wednesday, September 25th, Adam Eltoukhy sold 8,500 shares of Samsara stock. The stock was sold at an average price of $50.01, for a total transaction of $425,085.00.

Samsara Stock Up 3.0 %

Shares of IOT stock opened at $45.63 on Tuesday. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $57.51. The firm has a fifty day moving average of $50.07 and a 200-day moving average of $43.09. The firm has a market capitalization of $25.61 billion, a price-to-earnings ratio of -97.09 and a beta of 1.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Resources Management Corp CT ADV grew its position in shares of Samsara by 104.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after purchasing an additional 490 shares during the period. Hobbs Group Advisors LLC bought a new stake in shares of Samsara during the third quarter worth $34,000. National Bank of Canada FI acquired a new stake in shares of Samsara during the second quarter worth $38,000. Nemes Rush Group LLC acquired a new position in Samsara in the 2nd quarter worth $45,000. Finally, Continuum Advisory LLC increased its holdings in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after purchasing an additional 247 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IOT has been the subject of a number of research reports. BNP Paribas began coverage on shares of Samsara in a report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price target for the company. Truist Financial lifted their target price on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Loop Capital upped their target price 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Samsara presently has an average rating of “Hold” and a consensus target price of $51.29.

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.