Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 8,500 Shares

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 8,500 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $50.01, for a total transaction of $425,085.00. Following the completion of the transaction, the insider now directly owns 396,784 shares in the company, valued at approximately $19,843,167.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Adam Eltoukhy also recently made the following trade(s):

• On Tuesday, September 10th, Adam Eltoukhy sold 5,008 shares of Samsara stock. The shares were sold at an average price of $47.30, for a total transaction of $236,878.40.
• On Friday, September 6th, Adam Eltoukhy sold 12,500 shares of Samsara stock. The shares were sold at an average price of $45.00, for a total transaction of $562,500.00.
• On Monday, July 15th, Adam Eltoukhy sold 9,471 shares of Samsara stock. The stock was sold at an average price of $37.79, for a total value of $357,909.09.

Samsara Stock Down 2.1 %

NYSE:IOT opened at $47.52 on Friday. The company has a market capitalization of $26.44 billion, a PE ratio of -95.04 and a beta of 1.50. Samsara Inc. has a 52-week low of $21.48 and a 52-week high of $50.07. The stock’s 50 day moving average price is $41.60 and its 200 day moving average price is $37.42.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The company’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) EPS. As a group, sell-side analysts anticipate that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Institutional Trading of Samsara

A number of hedge funds have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV lifted its holdings in shares of Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after purchasing an additional 490 shares during the period. Quarry LP purchased a new stake in shares of Samsara in the fourth quarter valued at about $37,000. National Bank of Canada FI acquired a new position in shares of Samsara during the second quarter worth about $38,000. Nemes Rush Group LLC purchased a new position in Samsara during the second quarter worth about $45,000. Finally, Tradition Wealth Management LLC acquired a new stake in Samsara in the fourth quarter valued at about $46,000. 89.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on IOT shares. Loop Capital boosted their price target on shares of Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. BMO Capital Markets lifted their target price on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a report on Friday, September 6th. Wells Fargo & Company upped their price target on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Bank of America raised their target price on shares of Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.07.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.