Samsara Inc. (NYSE:IOT – Get Free Report) insider Adam Eltoukhy sold 8,500 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $50.01, for a total value of $425,085.00. Following the sale, the insider now directly owns 396,784 shares of the company’s stock, valued at $19,843,167.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Adam Eltoukhy also recently made the following trade(s):
- On Tuesday, September 10th, Adam Eltoukhy sold 5,008 shares of Samsara stock. The shares were sold at an average price of $47.30, for a total transaction of $236,878.40.
- On Friday, September 6th, Adam Eltoukhy sold 12,500 shares of Samsara stock. The stock was sold at an average price of $45.00, for a total transaction of $562,500.00.
- On Monday, July 15th, Adam Eltoukhy sold 9,471 shares of Samsara stock. The shares were sold at an average price of $37.79, for a total transaction of $357,909.09.
Samsara Stock Down 1.7 %
Shares of NYSE:IOT traded down $0.85 on Thursday, hitting $48.54. 2,425,441 shares of the company traded hands, compared to its average volume of 3,786,890. The company has a market cap of $27.00 billion, a PE ratio of -98.76 and a beta of 1.50. The stock has a 50 day simple moving average of $41.10 and a 200-day simple moving average of $37.29. Samsara Inc. has a 52 week low of $21.48 and a 52 week high of $50.07.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on IOT shares. Royal Bank of Canada increased their target price on Samsara from $47.00 to $49.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Piper Sandler raised their price objective on shares of Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Bank of America upped their price target on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, September 6th. BMO Capital Markets raised their target price on shares of Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Finally, StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.07.
Check Out Our Latest Report on IOT
Institutional Trading of Samsara
Institutional investors have recently added to or reduced their stakes in the business. Resources Management Corp CT ADV raised its stake in shares of Samsara by 104.0% in the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after purchasing an additional 490 shares during the last quarter. Quarry LP purchased a new position in Samsara in the 4th quarter worth about $37,000. National Bank of Canada FI bought a new position in Samsara during the 2nd quarter valued at about $38,000. Nemes Rush Group LLC bought a new position in shares of Samsara during the 2nd quarter valued at $45,000. Finally, Tradition Wealth Management LLC purchased a new position in shares of Samsara in the 4th quarter worth $46,000. 89.39% of the stock is currently owned by hedge funds and other institutional investors.
About Samsara
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.
Read More
- Five stocks we like better than Samsara
- Investing in Construction Stocks
- Rocket Lab Stock Soars: Should Investors Chase the Rally?
- What is Forex and How Does it Work?
- KB Home Slips After Earnings: What’s Next for Homebuilders?
- How to Read Stock Charts for Beginners
- Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat
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.