Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells $450,997.68 in Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 11,343 shares of Samsara stock in a transaction that occurred on 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 directly owns 271,922 shares in the company, valued at approximately $10,811,618.72. This represents a 4.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 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 transaction of $487,236.84.

Samsara Trading Down 2.0 %

Shares of IOT stock opened at $41.74 on Thursday. The firm has a market capitalization of $23.42 billion, a price-to-earnings ratio of -88.80 and a beta of 1.63. The firm’s 50 day moving average is $47.66 and its 200-day moving average is $48.13. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90.

Analyst Upgrades and Downgrades

IOT has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. BMO Capital Markets upgraded Samsara from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research report on Monday, March 10th. Truist Financial decreased their price target on shares of Samsara from $50.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Raymond James initiated coverage on shares of Samsara in a report on Wednesday, February 26th. They set a “market perform” rating for the company. Finally, Wells Fargo & Company dropped their price target on shares of Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.60.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. FMR LLC increased its position in Samsara by 24.0% in the fourth quarter. FMR LLC now owns 14,743,175 shares of the company’s stock worth $644,129,000 after purchasing an additional 2,852,575 shares during the period. Jordan Park Trust Co LLC bought a new position in Samsara in the fourth quarter valued at approximately $112,041,000. Norges Bank bought a new stake in shares of Samsara during the 4th quarter valued at $106,274,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Samsara by 107.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock worth $181,045,000 after purchasing an additional 2,148,081 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of Samsara by 1,909.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,870,864 shares of the company’s stock worth $90,026,000 after purchasing an additional 1,777,757 shares during the period. 96.02% of the stock is currently owned by institutional investors.

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.