Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 4,000 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $50.00, for a total value of $200,000.00. Following the completion of the sale, the insider now owns 396,784 shares in the company, valued at approximately $19,839,200. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 stock was sold at an average price of $45.00, for a total value 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 Performance

Shares of IOT opened at $50.49 on Friday. The stock has a 50-day simple moving average of $43.78 and a 200-day simple moving average of $38.17. The stock has a market capitalization of $28.09 billion, a PE ratio of -105.19 and a beta of 1.52. Samsara Inc. has a 1 year low of $21.48 and a 1 year high of $51.53.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.53 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The firm’s revenue was up 36.9% compared to the same quarter last year. Analysts predict that Samsara Inc. will post -0.34 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp increased its holdings in shares of Samsara by 135.6% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 60,251 shares of the company’s stock valued at $2,277,000 after purchasing an additional 34,679 shares during the period. Mission Wealth Management LP acquired a new position in shares of Samsara in the first quarter valued at approximately $1,100,000. Quarry LP acquired a new position in shares of Samsara in the fourth quarter valued at approximately $37,000. Magnetar Financial LLC acquired a new position in shares of Samsara in the second quarter valued at approximately $1,240,000. Finally, Swiss National Bank acquired a new position in shares of Samsara in the first quarter valued at approximately $19,477,000. Institutional investors and hedge funds own 89.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on IOT shares. Wells Fargo & Company upped their price objective on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. upped their price objective on Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Morgan Stanley upped their price objective on Samsara from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. Loop Capital upped their target price on Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, BNP Paribas assumed coverage on Samsara in a research note on Tuesday. They set a “neutral” rating and a $46.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.00.

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.