Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 12,500 Shares

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 12,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $55.05, for a total value of $688,125.00. Following the completion of the transaction, the insider now owns 396,784 shares of the company’s stock, valued at $21,842,959.20. This represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, November 15th, Adam Eltoukhy sold 9,307 shares of Samsara stock. The shares were sold at an average price of $49.55, for a total value of $461,161.85.
• On Tuesday, October 15th, Adam Eltoukhy sold 9,308 shares of Samsara stock. The shares were sold at an average price of $50.64, for a total value of $471,357.12.
• On Thursday, October 10th, Adam Eltoukhy sold 4,000 shares of Samsara stock. The shares were sold at an average price of $50.00, for a total value of $200,000.00.
• On Wednesday, September 25th, Adam Eltoukhy sold 8,500 shares of Samsara stock. The shares were sold at an average price of $50.01, for a total value of $425,085.00.
• 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 value 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 value of $562,500.00.

Samsara Stock Performance

Shares of IOT opened at $56.36 on Friday. The stock’s fifty day moving average price is $49.25 and its two-hundred day moving average price is $41.41. Samsara Inc. has a 1 year low of $26.13 and a 1 year high of $56.76.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IOT. BNP Paribas began coverage on Samsara in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price target for the company. Wells Fargo & Company raised their target price on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Bank of America raised their target price on Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. BMO Capital Markets raised their target price on Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. Finally, Morgan Stanley raised their target price on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $45.67.

Institutional Trading of Samsara

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Samsara by 12.1% in the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company’s stock valued at $646,253,000 after purchasing an additional 1,841,149 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Samsara in the first quarter valued at $924,000. UniSuper Management Pty Ltd purchased a new position in shares of Samsara in the first quarter valued at $94,000. Advisors Asset Management Inc. grew its position in shares of Samsara by 9.4% in the first quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock valued at $123,000 after purchasing an additional 280 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new position in shares of Samsara in the first quarter valued at $620,000. 89.39% of the stock is currently owned by institutional investors.

About Samsara

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.