Samsara Inc. (NYSE:IOT) Insider Sells $1,049,687.60 in Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 23,960 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $43.81, for a total value of $1,049,687.60. Following the sale, the insider now owns 331,106 shares in the company, valued at approximately $14,505,753.86. This trade represents a 6.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 transaction 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 transaction 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 shares were sold at an average price of $50.01, for a total value of $425,085.00.

Samsara Stock Down 0.2 %

IOT opened at $45.55 on Thursday. The business has a 50 day moving average price of $49.80 and a two-hundred day moving average price of $43.29. Samsara Inc. has a 52 week low of $27.14 and a 52 week high of $57.51. The company has a market cap of $25.56 billion, a PE ratio of -96.91 and a beta of 1.53.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IOT shares. JPMorgan Chase & Co. upped 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. Royal Bank of Canada increased their price target on shares of Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. BMO Capital Markets boosted their price objective on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. BNP Paribas began coverage on shares of Samsara in a report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 target price for the company. Finally, Morgan Stanley lifted their price target on shares of Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $51.29.

Institutional Investors Weigh In On Samsara

Large investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC increased its stake in Samsara by 1,909.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock valued at $90,026,000 after buying an additional 1,777,757 shares during the period. Franklin Resources Inc. acquired a new position in shares of Samsara during the third quarter worth about $10,868,000. Wilmington Savings Fund Society FSB purchased a new position in Samsara during the third quarter worth about $546,000. Virtu Financial LLC acquired a new stake in Samsara in the third quarter valued at about $1,689,000. Finally, Hobbs Group Advisors LLC purchased a new stake in Samsara in the 3rd quarter valued at approximately $34,000. 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.