Samsara Inc. executive sells over $1.3 million in company stock By

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In a recent transaction, Adam Eltoukhy, the Executive Vice President, Chief Legal Officer and Secretary of Samsara Inc. (NYSE:), sold a significant amount of company stock. The sales, which took place on two separate dates, amounted to over $1.3 million.

On March 15, Eltoukhy sold 23,576 shares of Class A Common Stock at prices ranging from $34.43 to $35.425, with a weighted average price of $34.7987. On the same day, another batch of 3,855 shares was sold at prices between $35.49 and $35.68, averaging $35.5785. The total value of these transactions was approximately $957,569.

A few days later, on March 19, Eltoukhy continued to sell shares under a pre-arranged trading plan. This time, 3,300 shares were sold at prices ranging from $35.29 to $36.28, with a weighted average of $35.7676. Additionally, 7,437 shares were sold at prices between $36.29 and $37.00, resulting in an average price of $36.7759. The combined value of the sales on this date totaled around $391,535.

Following these transactions, Eltoukhy’s direct holdings in the company have changed, as noted by the footnotes in the SEC filing. Some of the shares were transferred to and from the ES Trust, over which Eltoukhy has voting and investment power.

Investors often watch the trading activities of insiders for insights into a company’s performance and potential future direction. The sale of stock by a high-ranking executive like Eltoukhy might be of particular interest to current and potential shareholders of Samsara Inc.

InvestingPro Insights

As investors scrutinize the recent stock sales by Samsara Inc. (NYSE:IOT) Executive Vice President Adam Eltoukhy, it’s essential to consider the company’s financial metrics and market performance for a broader context. According to InvestingPro, Samsara has exhibited some notable movements and characteristics:

  • The company’s market capitalization stands at a robust $19.96 billion, highlighting its significant presence in the market.
  • InvestingPro Data reveals a high Price / Book ratio of 21.71 as of the last twelve months ending Q4 2024, which may suggest that the stock is trading at a premium compared to its book value.
  • Despite not being profitable over the last twelve months, with a P/E ratio of -73.05, analysts predict that Samsara will turn profitable this year, as indicated in one of the InvestingPro Tips.

Moreover, Samsara’s stock has experienced a large price uptick over the last six months, with a 45.92% return, and an impressive 100.87% return over the last year. This volatility and high return could be a double-edged sword, as pointed out by another InvestingPro Tip, which states that while the stock price movements are quite volatile, the company has delivered a high return over the past year.

For investors interested in a deeper dive into Samsara’s financials and future outlook, additional InvestingPro Tips are available. In fact, there are 9 more tips that can be found on the platform, which could provide valuable insights into the company’s operations and market expectations. To access these insights, visit InvestingPro and consider using the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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