Samsara Inc. (NYSE:IOT) Insider Sells $487,236.84 in Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 9,043 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $53.88, for a total transaction of $487,236.84. Following the sale, the insider now owns 331,106 shares of the company’s stock, valued at $17,839,991.28. This trade represents a 2.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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 transaction of $1,049,687.60.

Samsara Trading Down 4.2 %

Shares of IOT stock opened at $50.59 on Tuesday. The company has a market capitalization of $28.39 billion, a price-to-earnings ratio of -107.64 and a beta of 1.61. The firm has a 50-day moving average price of $48.99 and a 200 day moving average price of $48.01. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90.

Analysts Set New Price Targets

A number of brokerages have weighed in on IOT. Truist Financial boosted their target price on Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, November 18th. BMO Capital Markets upped their price objective on Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Piper Sandler increased their price objective on Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Loop Capital boosted their target price on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their price objective on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $51.67.

Institutional Investors Weigh In On Samsara

Hedge funds and other institutional investors have recently modified their holdings of the company. Toronto Dominion Bank lifted its stake in shares of Samsara by 10.9% during the fourth quarter. Toronto Dominion Bank now owns 29,435 shares of the company’s stock valued at $1,286,000 after buying an additional 2,899 shares during the period. Cache Advisors LLC acquired a new position in Samsara in the 4th quarter valued at $227,000. Fourth Dimension Wealth LLC purchased a new position in shares of Samsara during the 4th quarter worth $38,000. Continuum Advisory LLC boosted its holdings in shares of Samsara by 32.1% during the fourth quarter. Continuum Advisory LLC now owns 1,161 shares of the company’s stock worth $51,000 after purchasing an additional 282 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of Samsara in the fourth quarter valued at $3,777,000. 96.02% of the stock is currently owned by hedge funds and other 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.