Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 9,308 Shares

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 9,308 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $50.64, for a total value of $471,357.12. Following the completion of the transaction, the insider now directly owns 396,784 shares in the company, valued at $20,093,141.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction 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 transaction of $236,878.40.
• On Friday, September 6th, Adam Eltoukhy sold 12,500 shares of Samsara stock. The stock was sold at an average price of $45.00, for a total value of $562,500.00.

Samsara Trading Down 1.5 %

NYSE IOT opened at $49.50 on Thursday. The company has a 50-day moving average price of $44.62 and a two-hundred day moving average price of $38.41. Samsara Inc. has a 52 week low of $21.48 and a 52 week high of $51.53. The stock has a market cap of $27.26 billion, a price-to-earnings ratio of -99.00 and a beta of 1.52.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wolfe Research reiterated an “outperform” rating and set a $44.00 target price on shares of Samsara in a research note on Friday, June 28th. TD Cowen lifted their price target on Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. StockNews.com cut Samsara from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Truist Financial increased their target price on Samsara from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Finally, BNP Paribas initiated coverage on Samsara in a research report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $43.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IOT. Resources Management Corp CT ADV lifted its holdings in Samsara by 104.0% in 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 acquired a new stake in shares of Samsara in the 4th quarter worth approximately $37,000. National Bank of Canada FI bought a new position in shares of Samsara in the second quarter valued at approximately $38,000. Nemes Rush Group LLC acquired a new position in shares of Samsara during the second quarter valued at approximately $45,000. Finally, UMB Bank n.a. raised its holdings in Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after purchasing an additional 418 shares in the last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.

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.