Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 23,960 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 23,960 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $43.81, for a total transaction of $1,049,687.60. Following the completion of the sale, the insider now directly 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 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 Thursday, November 21st, Adam Eltoukhy sold 12,500 shares of Samsara stock. The shares were 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 stock was 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 shares were 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 Price Performance

Shares of Samsara stock traded up $1.31 during 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. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $57.51. The business has a 50-day simple moving average of $50.07 and a 200-day simple moving average of $43.09. The stock has a market capitalization of $25.61 billion, a P/E ratio of -97.09 and a beta of 1.53.

Institutional Trading of Samsara

A number of large investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Samsara by 4.7% in the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock worth $102,283,000 after buying an additional 95,006 shares during the period. HighTower Advisors LLC grew its position in shares of Samsara by 193.4% during the third quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock worth $2,981,000 after purchasing an additional 40,833 shares in the last quarter. Swiss National Bank boosted its stake in Samsara by 3.1% in the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company’s stock worth $29,623,000 after purchasing an additional 18,400 shares during the period. International Assets Investment Management LLC grew its holdings in Samsara by 2,787.2% during the 3rd quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock valued at $521,000 after buying an additional 10,452 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Samsara in the second quarter worth $537,000. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IOT. JPMorgan Chase & Co. raised their price objective on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Loop Capital boosted their price objective on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company lifted their target price on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Craig Hallum began coverage on shares of Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target for the company. Finally, Evercore ISI upped their price objective on shares of Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research note on Friday, September 6th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.