Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 23,960 Shares

Samsara Inc. (NYSE:IOT - Get Free Report) insider Adam Eltoukhy sold 23,960 shares of Samsara stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $43.81, for a total transaction of $1,049,687.60. Following the sale, the insider now directly owns 331,106 shares of the company's stock, valued at $14,505,753.86. The trade was a 6.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, November 21st, Adam Eltoukhy sold 12,500 shares of Samsara stock. The stock was sold at an average price of $55.05, for a total value of $688,125.00.
• On Friday, November 15th, Adam Eltoukhy sold 9,307 shares of Samsara stock. The stock was sold at an average price of $49.55, for a total value of $461,161.85.
• On Tuesday, October 15th, Adam Eltoukhy sold 9,308 shares of Samsara stock. The stock was sold at an average price of $50.64, for a total transaction of $471,357.12.
• On Thursday, October 10th, Adam Eltoukhy sold 4,000 shares of Samsara stock. The shares were sold at an average price of $50.00, for a total transaction of $200,000.00.
• On Wednesday, September 25th, Adam Eltoukhy sold 8,500 shares of Samsara stock. The stock was sold at an average price of $50.01, for a total value of $425,085.00.

Samsara Trading Up 3.0 %

IOT stock traded up $1.31 during midday trading on Monday, hitting $45.63. The stock had a trading volume of 3,833,345 shares, compared to its average volume of 3,610,064. The firm has a market cap of $25.61 billion, a P/E ratio of -97.09 and a beta of 1.53. The business has a fifty day moving average price of $50.07 and a two-hundred day moving average price of $43.09. Samsara Inc. has a 1-year low of $27.14 and a 1-year high of $57.51.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Resources Management Corp CT ADV lifted its position in shares of Samsara by 104.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company's stock valued at $32,000 after acquiring an additional 490 shares during the period. Hobbs Group Advisors LLC acquired a new position in shares of Samsara during the third quarter valued at about $34,000. National Bank of Canada FI bought a new position in shares of Samsara during the 2nd quarter worth about $38,000. Nemes Rush Group LLC acquired a new stake in shares of Samsara in the 2nd quarter valued at about $45,000. Finally, Continuum Advisory LLC increased its position in Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock valued at $45,000 after buying an additional 247 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on IOT. Bank of America increased their target price on Samsara from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, September 6th. Morgan Stanley boosted their target price on shares of Samsara from $40.00 to $52.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 20th. Royal Bank of Canada lifted their price objective on shares of Samsara from $49.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Wells Fargo & Company upped their target price on Samsara from $46.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Finally, Truist Financial lifted their price target on Samsara from $40.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, November 18th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Samsara currently has an average rating of "Hold" and an average price target of $51.29.

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.