Samsara Inc. (NYSE:IOT – Get Free Report) insider Adam Eltoukhy sold 6,876 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was 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. The trade was a 1.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $127,672.35.
- On Monday, July 6th, Adam Eltoukhy sold 3,653 shares of Samsara stock. The shares were sold at an average price of $37.00, for a total transaction 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 transaction of $65,411.12.
- On Monday, June 22nd, Adam Eltoukhy sold 1,614 shares of Samsara stock. The stock was sold at an average price of $32.21, for a total transaction of $51,986.94.
Samsara Trading Down 1.6%
Shares of IOT stock opened at $41.21 on Friday. The company’s fifty day simple moving average is $36.93 and its 200-day simple moving average is $32.81. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The company has a market cap of $24.01 billion, a PE ratio of 412.14, a P/E/G ratio of 9.40 and a beta of 1.34.
Analysts Set New Price Targets
Several brokerages recently commented on IOT. Weiss Ratings upgraded Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Piper Sandler cut Samsara from an “overweight” rating to a “neutral” rating and set a $40.00 price target for the company. in a report on Sunday, August 9th. Zacks Research downgraded shares of Samsara from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. TD Cowen lifted their price objective on shares of Samsara from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Finally, Wells Fargo & Company boosted their target price on shares of Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.67.
Check Out Our Latest Report on IOT
Institutional Trading of Samsara
Hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC acquired a new stake in Samsara in the fourth quarter valued at $13,464,000. Royal Bank of Canada grew its holdings in Samsara by 100.3% during the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock worth $3,686,000 after acquiring an additional 48,135 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Samsara by 2,444.6% in the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock worth $682,000 after purchasing an additional 17,088 shares during the last quarter. Empowered Funds LLC increased its position in shares of Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after purchasing an additional 335 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Samsara by 142.4% in the 2nd quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock valued at $2,739,000 after purchasing an additional 40,450 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.
About Samsara
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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