Samsara Inc. (NYSE:IOT) Insider Sells $461,161.85 in Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 9,307 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.55, for a total transaction of $461,161.85. Following the sale, the insider now owns 396,784 shares in the company, valued at $19,660,647.20. The trade was a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 stock was 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 stock was 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 stock was 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 transaction of $562,500.00.

Samsara Stock Performance

Shares of NYSE IOT opened at $54.66 on Friday. Samsara Inc. has a 52-week low of $26.13 and a 52-week high of $55.39. The firm has a market capitalization of $30.41 billion, a price-to-earnings ratio of -113.86 and a beta of 1.52. The stock has a 50 day moving average price of $49.08 and a 200 day moving average price of $41.29.

Samsara (NYSE:IOT) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $289.53 million. During the same quarter in the prior year, the company earned ($0.11) EPS. The business’s revenue was up 36.9% compared to the same quarter last year. Analysts forecast that Samsara Inc. will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On Samsara

Large investors have recently bought and sold shares of the business. Continuum Advisory LLC raised its position in shares of Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after acquiring an additional 247 shares in the last quarter. Private Trust Co. NA increased its position in Samsara by 19.2% during the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after buying an additional 250 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Samsara by 9.4% in the first quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after acquiring an additional 280 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Samsara by 3.5% during the third quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock valued at $433,000 after acquiring an additional 304 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Samsara by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock worth $383,000 after purchasing an additional 388 shares in the last quarter. Institutional investors own 89.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IOT shares. Wells Fargo & Company lifted their target price on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Royal Bank of Canada upped their price objective on Samsara from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Craig Hallum began coverage on shares of Samsara in a report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 target price for the company. BMO Capital Markets upped their price target on shares of Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Finally, Truist Financial lifted their price objective on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $45.67.

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.