Samsara Inc. (NYSE:IOT – Get Free Report) insider Adam Eltoukhy sold 5,473 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $33.31, for a total value of $182,305.63. Following the completion of the transaction, the insider directly owned 190,649 shares of the company’s stock, valued at $6,350,518.19. This represents a 2.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Adam Eltoukhy also recently made the following trade(s):
- 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 value of $125,591.52.
- On Tuesday, January 20th, Adam Eltoukhy sold 4,688 shares of Samsara stock. The shares were sold at an average price of $32.54, for a total transaction of $152,547.52.
Samsara Price Performance
NYSE IOT opened at $32.08 on Wednesday. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of -1,603.20, a price-to-earnings-growth ratio of 12.17 and a beta of 1.60. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $48.40. The company’s fifty day moving average price is $29.91 and its two-hundred day moving average price is $35.33.
Analyst Ratings Changes
Several equities analysts recently issued reports on IOT shares. KeyCorp raised their price objective on Samsara from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Jefferies Financial Group set a $57.00 target price on shares of Samsara in a research note on Wednesday, December 10th. BTIG Research reduced their price target on shares of Samsara from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Zacks Research raised shares of Samsara from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. Finally, BMO Capital Markets boosted their price objective on shares of Samsara from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.18.
View Our Latest Stock Analysis on Samsara
Hedge Funds Weigh In On Samsara
Several hedge funds and other institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. lifted its position in Samsara by 15.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock valued at $1,689,565,000 after purchasing an additional 6,208,553 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Samsara by 58.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after purchasing an additional 4,401,082 shares during the period. Vanguard Group Inc. increased its stake in shares of Samsara by 18.3% in the second quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company’s stock valued at $1,106,012,000 after purchasing an additional 4,307,755 shares during the period. Norges Bank bought a new stake in shares of Samsara during the fourth quarter valued at approximately $127,415,000. Finally, Brown Advisory Inc. boosted its position in shares of Samsara by 42.1% during the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock worth $397,536,000 after buying an additional 3,322,023 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.
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.
Further Reading
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