Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 9,307 Shares

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 9,307 shares of the business’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 completion of the transaction, the insider now owns 396,784 shares of the company’s stock, valued at approximately $19,660,647.20. This represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $50.64, for a total transaction 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 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 transaction of $562,500.00.

Samsara Price Performance

Shares of NYSE IOT opened at $54.66 on Friday. The company has a market cap of $30.41 billion, a price-to-earnings ratio of -113.86 and a beta of 1.52. The stock’s 50-day moving average is $49.08 and its two-hundred day moving average is $41.29. Samsara Inc. has a 1-year low of $26.13 and a 1-year high of $55.39.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The firm had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. During the same quarter last year, the company earned ($0.11) earnings per share. The firm’s revenue was up 36.9% compared to the same quarter last year. Equities research analysts anticipate that Samsara Inc. will post -0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Samsara

A number of institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in Samsara by 2,787.2% in the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock valued at $521,000 after buying an additional 10,452 shares in the last quarter. Bank of Montreal Can purchased a new stake in Samsara during the second quarter worth approximately $537,000. Magnetar Financial LLC acquired a new position in Samsara in the second quarter valued at approximately $1,240,000. Swiss National Bank boosted its holdings in Samsara by 3.1% in the third quarter. Swiss National Bank now owns 615,600 shares of the company’s stock valued at $29,623,000 after purchasing an additional 18,400 shares in the last quarter. Finally, RFG Advisory LLC increased its stake in Samsara by 41.5% in the second quarter. RFG Advisory LLC now owns 12,486 shares of the company’s stock valued at $421,000 after purchasing an additional 3,662 shares during the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on IOT. Piper Sandler upped their price target on shares of Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Royal Bank of Canada raised their target price on Samsara from $47.00 to $49.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. boosted their price target on Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. BMO Capital Markets raised their price objective on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a report on Friday, September 6th. Finally, BNP Paribas initiated coverage on shares of Samsara in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 target price for the company. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.