Samsara (NYSE:IOT) Shares Gap Down on Insider Selling

Market Beat
2025.03.08 15:21
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Samsara Inc. (NYSE:IOT) shares gapped down to $39.00 after an insider sold 145,392 shares at an average price of $44.27, reducing their ownership by 54.78%. The stock last traded at $37.64 with significant volume. Analysts have mixed ratings, with a consensus hold rating and an average target price of $51.07. Institutional investors hold 96.02% of the stock, reflecting strong interest despite the recent dip. Samsara provides IoT solutions connecting physical operations data to its cloud platform.