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SAN FRANCISCO—Adam Eltoukhy, the Executive Vice President, Chief Legal Officer, and Secretary of Samsara Inc. (NYSE:IOT), executed a series of stock sales totaling $969,957, according to a recent SEC filing. The transactions, which took place on February 3, 2025, involved the sale of Samsara’s Class A Common Stock at prices ranging from $49.97 to $51.43 per share. The sales occur as Samsara’s stock trades near its 52-week high of $57.51, having delivered an impressive 70% return over the past year, according to InvestingPro data.
Eltoukhy sold 2,415 shares at an average price of $49.97, 9,034 shares at $50.85, and 7,581 shares at $51.43. These sales were conducted under a Rule 10b5-1 trading plan adopted on September 20, 2024. Following these transactions, Eltoukhy holds 331,106 shares directly, with an additional 118,799 shares held indirectly through a trust. The company currently maintains a market capitalization of $29.5 billion and has demonstrated strong revenue growth of 39% in the last twelve months.
This activity is part of Eltoukhy’s planned financial management strategy and reflects his ongoing involvement with the company. Samsara Inc. is a leading provider of computer integrated systems design services, with its headquarters located in San Francisco, California. InvestingPro analysis indicates the stock may be overbought, with 14 analysts recently revising their earnings expectations upward. Get access to 13 more exclusive ProTips and comprehensive financial analysis through InvestingPro’s detailed research reports.
In other recent news, Samsara Inc. has been making significant strides in its operational capabilities. The technology company recently received a Hold rating from Berenberg, which also set a price target of $57.00. Despite acknowledging Samsara’s rapid expansion and innovative products, Berenberg expressed reservations about the company’s stock potential in the near term.
In a significant development, Samsara has also announced a partnership with Mobilisights, Stellantis (NYSE:STLA)’ Data as a Service platform. This collaboration aims to provide businesses across Europe with direct, hardware-free access to vehicle telematics data, enhancing fleet management and operational efficiencies.
In addition to these developments, Samsara’s CEO Sanjit Biswas and CTO John Bicket have initiated pre-arranged stock trading plans for their affiliated family trusts. These plans, designed to minimize market impact, will allow for the orderly sale of shares held by the executives.
Lastly, Piper Sandler has adjusted its outlook on Samsara, increasing the price target to $50.00 while maintaining a Neutral rating. This adjustment follows Samsara’s third fiscal quarter results, which surpassed usual estimates. However, Piper Sandler noted that the market’s current valuation suggests a premium that is double the average for growth assets, signaling the need for recalibrated expectations.
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