Adam Eltoukhy Sells 6,876 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 6,876 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $39.82, for a total value of $273,802.32. Following the transaction, the insider directly owned 425,080 shares in the company, valued at approximately $16,926,685.60. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 27th, Adam Eltoukhy sold 3,653 shares of Samsara stock. The shares were sold at an average price of $34.95, for a total value of $127,672.35.
• On Monday, July 6th, Adam Eltoukhy sold 3,653 shares of Samsara stock. The shares were sold at an average price of $37.00, for a total value of $135,161.00.
• On Monday, June 29th, Adam Eltoukhy sold 2,039 shares of Samsara stock. The stock was sold at an average price of $32.08, for a total value of $65,411.12.
• On Monday, June 22nd, Adam Eltoukhy sold 1,614 shares of Samsara stock. The stock was sold at an average price of $32.21, for a total value of $51,986.94.

Samsara Trading Up 5.1%

NYSE IOT traded up $2.02 during mid-day trading on Thursday, hitting $41.87. The company’s stock had a trading volume of 5,185,451 shares, compared to its average volume of 6,838,123. The firm has a market capitalization of $24.40 billion, a price-to-earnings ratio of 418.69, a PEG ratio of 8.79 and a beta of 1.34. The company’s 50 day simple moving average is $36.54 and its 200 day simple moving average is $32.63. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The firm had revenue of $478.84 million for the quarter, compared to the consensus estimate of $455.21 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The business’s revenue was up 30.5% on a year-over-year basis. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. As a group, research analysts forecast that Samsara Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IOT. TD Cowen raised their price target on shares of Samsara from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Zacks Research downgraded Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Morgan Stanley set a $43.00 target price on Samsara in a report on Tuesday, July 21st. Wolfe Research reaffirmed an “outperform” rating on shares of Samsara in a report on Thursday, June 11th. Finally, Truist Financial upped their price objective on shares of Samsara from $30.00 to $38.00 and gave the stock a “hold” rating in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acumen Wealth Advisors LLC bought a new stake in shares of Samsara in the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its holdings in Samsara by 312.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after purchasing an additional 669 shares during the period. AlphaCentric Advisors LLC bought a new position in Samsara during the fourth quarter valued at $36,000. Markowski Investments purchased a new stake in Samsara in the second quarter worth $37,000. Finally, IFP Advisors Inc increased its position in Samsara by 194.4% in the third quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock worth $47,000 after buying an additional 828 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Company Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.