Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 11,343 Shares

Samsara Inc. (NYSE:IOT - Get Free Report) insider Adam Eltoukhy sold 11,343 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $39.76, for a total transaction of $450,997.68. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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 Price Performance

Shares of NYSE IOT traded down $1.81 during mid-day trading on Friday, hitting $38.87. 4,263,743 shares of the stock traded hands, compared to its average volume of 3,578,945. The company has a market cap of $21.81 billion, a PE ratio of -82.71 and a beta of 1.63. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The firm has a 50 day simple moving average of $47.55 and a two-hundred day simple moving average of $48.08.

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Hedge Funds Weigh In On Samsara

Several large investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in shares of Samsara by 7.3% in the fourth quarter. Wellington Management Group LLP now owns 8,538 shares of the company's stock valued at $373,000 after buying an additional 579 shares during the period. California State Teachers Retirement System grew its holdings in Samsara by 0.8% during the 4th quarter. California State Teachers Retirement System now owns 312,209 shares of the company's stock worth $13,640,000 after acquiring an additional 2,577 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Samsara by 18.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,089 shares of the company's stock valued at $703,000 after acquiring an additional 2,539 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Samsara during the fourth quarter valued at $2,062,000. Finally, Wealthedge Investment Advisors LLC acquired a new position in shares of Samsara during the fourth quarter worth $398,000. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Truist Financial cut their price objective on shares of Samsara from $50.00 to $42.00 and set a "hold" rating for the company in a report on Friday, March 7th. BMO Capital Markets upgraded Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price objective on the stock in a research note on Monday, March 10th. Cowen reiterated a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Royal Bank of Canada reduced their target price on Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Finally, Piper Sandler raised Samsara from a "neutral" rating to an "overweight" rating and set a $50.00 price target for the company in a research note on Monday, March 10th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $49.60.

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.