Adam Eltoukhy Sells 3,903 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 3,903 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $34.07, for a total transaction of $132,975.21. Following the transaction, the insider now owns 320,936 shares in the company, valued at approximately $10,934,289.52. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• 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 value of $487,236.84.
• On Friday, December 20th, Adam Eltoukhy sold 23,960 shares of Samsara stock. The shares were sold at an average price of $43.81, for a total value of $1,049,687.60.

Samsara Stock Down 2.3 %

Samsara stock opened at $37.14 on Friday. Samsara Inc. has a 12-month low of $27.14 and a 12-month high of $61.90. The stock has a 50-day simple moving average of $48.42 and a 200 day simple moving average of $48.12. The stock has a market capitalization of $20.84 billion, a price-to-earnings ratio of -79.02 and a beta of 1.63.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on IOT shares. Craig Hallum restated a “hold” rating on shares of Samsara in a research note on Friday, March 7th. Truist Financial dropped their price target on shares of Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, March 7th. Royal Bank of Canada cut their price target on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Loop Capital upped their price objective on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised 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. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $49.60.

Hedge Funds Weigh In On Samsara

A number of institutional investors have recently modified their holdings of IOT. NewEdge Advisors LLC grew its stake in shares of Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after purchasing an additional 414 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Samsara in the 4th quarter valued at $31,000. Hobbs Group Advisors LLC bought a new stake in shares of Samsara during the third quarter worth $34,000. IFP Advisors Inc lifted its stake in shares of Samsara by 290.3% during the fourth quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after acquiring an additional 598 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new position in Samsara in the fourth quarter valued at about $38,000. 96.02% of the stock is owned by institutional investors.

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.