Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 9,308 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 9,308 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $50.64, for a total transaction of $471,357.12. Following the completion of the sale, the insider now directly owns 396,784 shares of the company’s stock, valued at $20,093,141.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $50.00, for a total transaction 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 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 transaction of $562,500.00.

Samsara Stock Performance

Shares of NYSE IOT traded down $0.77 during midday trading on Wednesday, reaching $49.50. 1,951,568 shares of the company traded hands, compared to its average volume of 3,708,899. The stock’s 50-day simple moving average is $44.35 and its 200-day simple moving average is $38.33. Samsara Inc. has a 12 month low of $21.48 and a 12 month high of $51.53. The firm has a market cap of $27.26 billion, a PE ratio of -99.18 and a beta of 1.52.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. The business had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. Samsara’s revenue was up 36.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) EPS. On average, equities research analysts expect that Samsara Inc. will post -0.34 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on IOT. JPMorgan Chase & Co. upped their price target on Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. StockNews.com downgraded shares of Samsara from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Wolfe Research reaffirmed an “outperform” rating and issued a $44.00 price target on shares of Samsara in a research note on Friday, June 28th. BNP Paribas assumed coverage on Samsara in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 target price on the stock. Finally, Bank of America boosted their price target on Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.00.

Institutional Investors Weigh In On Samsara

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in Samsara in the 4th quarter worth approximately $37,000. Virtu Financial LLC bought a new position in Samsara in the fourth quarter valued at about $540,000. EP Wealth Advisors LLC bought a new stake in Samsara during the 4th quarter worth about $208,000. Vanguard Group Inc. grew its position in shares of Samsara by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 15,260,007 shares of the company’s stock worth $509,379,000 after buying an additional 917,389 shares during the period. Finally, RFG Advisory LLC lifted its holdings in Samsara by 28.3% in the first quarter. RFG Advisory LLC now owns 8,824 shares of the company’s stock valued at $333,000 after buying an additional 1,946 shares during the period. Institutional investors and hedge funds own 89.39% of the company’s stock.

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.