Samsara Inc. (NYSE:IOT – Get Free Report) insider Adam Eltoukhy sold 5,473 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $30.21, for a total transaction of $165,339.33. Following the completion of the sale, the insider directly owned 468,305 shares of the company’s stock, valued at $14,147,494.05. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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, April 20th, Adam Eltoukhy sold 5,473 shares of Samsara stock. The stock was sold at an average price of $30.68, for a total transaction of $167,911.64.
- On Friday, March 20th, Adam Eltoukhy sold 5,473 shares of Samsara stock. The stock was sold at an average price of $33.31, for a total transaction of $182,305.63.
- On Friday, February 20th, Adam Eltoukhy sold 4,688 shares of Samsara stock. The shares were sold at an average price of $26.79, for a total transaction of $125,591.52.
Samsara Stock Performance
Shares of NYSE:IOT opened at $30.15 on Friday. The stock has a market capitalization of $17.51 billion, a price-to-earnings ratio of -1,506.50, a PEG ratio of 11.23 and a beta of 1.29. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $48.40. The company has a 50 day moving average price of $30.40 and a 200 day moving average price of $32.82.
Analyst Ratings Changes
A number of research firms recently weighed in on IOT. BTIG Research decreased their price target on Samsara from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, March 6th. TD Cowen reaffirmed a “buy” rating on shares of Samsara in a research note on Monday, March 2nd. Zacks Research cut shares of Samsara from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Piper Sandler reissued an “overweight” rating and issued a $39.00 target price (up from $37.00) on shares of Samsara in a research report on Friday, March 6th. Finally, Wells Fargo & Company boosted their price target on shares of Samsara from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.18.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Brighton Jones LLC acquired a new stake in Samsara during the 4th quarter worth about $13,464,000. Royal Bank of Canada grew its stake in Samsara by 100.3% during the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock valued at $3,686,000 after acquiring an additional 48,135 shares in the last quarter. Jones Financial Companies Lllp increased its holdings 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 valued at $682,000 after purchasing an additional 17,088 shares during the period. Empowered Funds LLC lifted its position in shares of Samsara by 3.4% in the first quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after purchasing an additional 335 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Samsara by 142.4% in the second quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock worth $2,739,000 after purchasing an additional 40,450 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.
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.
Read More
- Five stocks we like better than Samsara
- Biogen Stock Slides After Trial Miss, But Analysts Stay Bullish
- Intuit’s Great SaaS Reset: Fired By AI
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
Receive News & Ratings for Samsara Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Samsara and related companies with MarketBeat.com's FREE daily email newsletter.
