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 business’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 completion of the sale, the insider now owns 331,106 shares in the company, valued at $14,505,753.86. This represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 shares were 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 stock was sold at an average price of $50.01, for a total value of $425,085.00.

Samsara Stock Performance

NYSE:IOT traded up $1.31 during mid-day trading on Monday, hitting $45.63. 3,833,345 shares of the company’s stock traded hands, compared to its average volume of 3,610,064. The company has a fifty day moving average of $50.07 and a 200 day moving average of $43.09. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $57.51. The company has a market capitalization of $25.61 billion, a P/E ratio of -97.09 and a beta of 1.53.

Hedge Funds Weigh In On Samsara

Hedge funds have recently modified their holdings of the stock. State Street Corp increased its stake in Samsara by 4.7% during the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after purchasing an additional 95,006 shares in the last quarter. HighTower Advisors LLC lifted its position in Samsara by 193.4% during the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock worth $2,981,000 after acquiring an additional 40,833 shares during the period. Swiss National Bank increased its holdings in shares of Samsara by 3.1% in the third quarter. Swiss National Bank now owns 615,600 shares of the company’s stock valued at $29,623,000 after purchasing an additional 18,400 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Samsara by 2,787.2% during the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock worth $521,000 after purchasing an additional 10,452 shares during the period. Finally, Bank of Montreal Can purchased a new stake in Samsara in the second quarter valued at approximately $537,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their target price on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Piper Sandler boosted their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. TD Cowen lifted their price target on shares of Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Loop Capital increased their price target on Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their price target on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Samsara presently has an average rating of “Hold” and a consensus price target 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.