Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 10,422 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 10,422 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $30.78, for a total transaction of $320,789.16. Following the completion of the transaction, the insider now owns 535,149 shares of the company’s stock, valued at approximately $16,471,886.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, March 19th, Adam Eltoukhy sold 10,737 shares of Samsara stock. The stock was sold at an average price of $36.47, for a total transaction of $391,578.39.
• On Tuesday, March 12th, Adam Eltoukhy sold 72,300 shares of Samsara stock. The shares were sold at an average price of $38.71, for a total transaction of $2,798,733.00.
• On Thursday, February 15th, Adam Eltoukhy sold 9,344 shares of Samsara stock. The stock was sold at an average price of $34.75, for a total value of $324,704.00.

Samsara Stock Down 2.8 %

Shares of IOT stock opened at $30.15 on Friday. The firm has a 50 day moving average of $34.74 and a 200-day moving average of $31.18. The company has a market cap of $16.60 billion, a price-to-earnings ratio of -56.89 and a beta of 1.56. Samsara Inc. has a 52 week low of $16.63 and a 52 week high of $40.54.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, hitting analysts’ consensus estimates of ($0.08). Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. The business had revenue of $276.27 million during the quarter, compared to analysts’ expectations of $258.56 million. Analysts anticipate that Samsara Inc. will post -0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on IOT shares. Loop Capital initiated coverage on Samsara in a research report on Thursday. They set a “buy” rating and a $42.00 price objective for the company. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Samsara presently has a consensus rating of “Hold” and a consensus price target of $32.60.

Institutional Trading of Samsara

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Samsara in the 4th quarter valued at $37,000. Fred Alger Management LLC purchased a new position in shares of Samsara during the third quarter valued at approximately $28,000. Montag A & Associates Inc. grew its holdings in Samsara by 1,200.0% during the fourth quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock worth $43,000 after buying an additional 1,200 shares in the last quarter. Tradition Wealth Management LLC purchased a new position in Samsara during the 4th quarter worth $46,000. Finally, Ulland Investment Advisors LLC grew its stake in shares of Samsara by 67.4% in the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $38,000 after acquiring an additional 600 shares in the last quarter. 89.39% of the stock is 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.