Samsara Inc. (NYSE:IOT – Get Free Report) insider Adam Eltoukhy sold 6,876 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $39.82, for a total value of $273,802.32. Following the sale, the insider owned 425,080 shares of the company’s stock, valued at $16,926,685.60. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Adam Eltoukhy also recently made the following trade(s):
- On Monday, July 27th, Adam Eltoukhy sold 3,653 shares of Samsara stock. The stock was sold at an average price of $34.95, for a total value of $127,672.35.
- On Monday, July 6th, Adam Eltoukhy sold 3,653 shares of Samsara stock. The stock was sold at an average price of $37.00, for a total value of $135,161.00.
- On Monday, June 29th, Adam Eltoukhy sold 2,039 shares of Samsara stock. The shares were sold at an average price of $32.08, for a total value of $65,411.12.
- On Monday, June 22nd, Adam Eltoukhy sold 1,614 shares of Samsara stock. The shares were sold at an average price of $32.21, for a total value of $51,986.94.
Samsara Stock Down 1.6%
IOT stock opened at $41.21 on Friday. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47. The stock’s 50 day moving average is $36.93 and its two-hundred day moving average is $32.81. The company has a market capitalization of $24.01 billion, a PE ratio of 412.14, a P/E/G ratio of 9.24 and a beta of 1.34.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the stock. BTIG Research reissued a “buy” rating and issued a $45.00 target price on shares of Samsara in a research report on Friday, June 26th. Guggenheim started coverage on shares of Samsara in a research report on Wednesday, July 22nd. They set a “buy” rating and a $45.00 price target on the stock. Piper Sandler downgraded Samsara from an “overweight” rating to a “neutral” rating and set a $40.00 price target for the company. in a research note on Sunday, August 9th. Weiss Ratings raised Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.67.
Get Our Latest Stock Report on Samsara
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in IOT. Acumen Wealth Advisors LLC acquired a new position in shares of Samsara during the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Samsara by 312.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after acquiring an additional 669 shares during the period. AlphaCentric Advisors LLC bought a new stake in Samsara in the 4th quarter valued at about $36,000. Markowski Investments bought a new stake in Samsara in the 2nd quarter valued at about $37,000. Finally, IFP Advisors Inc boosted its stake in Samsara by 194.4% during the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock valued at $47,000 after purchasing an additional 828 shares during the period. 96.02% of the stock is currently owned by institutional investors.
Samsara Company Profile
Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.
The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.
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