Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 11,343 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 11,343 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $39.76, for a total transaction of $450,997.68. Following the completion of the sale, the insider now owns 271,922 shares in the company, valued at approximately $10,811,618.72. This trade represents a 4.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 value of $132,975.21.
• On Friday, March 7th, Adam Eltoukhy sold 31,042 shares of Samsara stock. The shares were 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 shares were sold at an average price of $53.88, for a total transaction of $487,236.84.

Samsara Trading Down 2.0 %

IOT opened at $41.74 on Thursday. The stock’s fifty day simple moving average is $47.66 and its 200 day simple moving average is $48.13. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $61.90. The stock has a market cap of $23.42 billion, a PE ratio of -88.80 and a beta of 1.63.

Institutional Trading of Samsara

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Samsara by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 20,978,589 shares of the company’s stock valued at $916,555,000 after acquiring an additional 863,197 shares during the period. FMR LLC lifted its holdings in Samsara by 24.0% during the 4th 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 last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Samsara by 107.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock valued at $181,045,000 after purchasing an additional 2,148,081 shares during the period. Westfield Capital Management Co. LP grew its holdings in Samsara by 4.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,506,681 shares of the company’s stock valued at $168,741,000 after buying an additional 138,702 shares in the last quarter. Finally, Invesco Ltd. increased its position in Samsara by 13.7% during the 4th quarter. Invesco Ltd. now owns 3,476,945 shares of the company’s stock worth $151,908,000 after buying an additional 419,163 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reduced their target price 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. Berenberg Bank started coverage on Samsara in a report on Monday, February 3rd. They set a “hold” rating and a $57.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Piper Sandler upgraded shares of Samsara from a “neutral” rating to an “overweight” rating and set a $50.00 price objective on the stock in a report on Monday, March 10th. Finally, Loop Capital increased their target price on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.60.

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.