Chief at Samsara (IOT) sells 34,945 shares for $1.2M across 8 trades amid 30-day -34.2% decline; retains 320.9K shares.
Adam Eltoukhy executed 8 separate sales totaling 34,945 shares (34.9K shares) for $1,246,938.81 ($1.2M) on March 7–10, 2025, at prices ranging from $33.51 to $38.76, reducing his holdings by 9.8% to 320,936 shares (320.9K shares). The sales occurred during acute price weakness: the stock has declined 34.2% over the prior 30 days and trades at $35.90, down 41.1% from its 52-week high. At this same ticker, his prior 5 sales (in December 2024 and January 2025) each showed positive 30-day returns between 5.7% and 17.9%, but none have yet reached the 90-day measurement window. His cross-ticker track record shows only 50% well-timed sales at the 90-day horizon (average 90-day return of +15.0%), indicating modest predictive power. The company remains unprofitable with net income of $-37,806,000.00 ($-37.8M) in the latest quarter, though annual revenue grew 43.6%, creating uncertainty about near-term trajectory. This sale pattern—multiple executions over two days during sustained downward momentum in an unprofitable high-growth company—reflects either systematic liquidation or opportunistic selling into existing weakness, neither of which provides clear signal of insider confidence in recovery.