Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 5,008 Shares

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 5,008 shares of Samsara stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $47.30, for a total transaction of $236,878.40. Following the sale, the insider now owns 455,797 shares in the company, valued at $21,559,198.10. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 shares were sold at an average price of $37.79, for a total value of $357,909.09.

Samsara Trading Down 2.7 %

NYSE IOT opened at $46.03 on Thursday. The stock has a market capitalization of $25.35 billion, a price-to-earnings ratio of -92.06 and a beta of 1.50. The business’s 50 day moving average is $38.79 and its two-hundred day moving average is $36.34. Samsara Inc. has a 12-month low of $21.48 and a 12-month high of $47.68.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Samsara had a negative return on equity of 20.58% and a negative net margin of 24.19%. The firm had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.53 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Samsara’s quarterly revenue was up 36.9% on a year-over-year basis. Equities analysts forecast that Samsara Inc. will post -0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IOT shares. TD Cowen boosted their price objective on Samsara from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Evercore ISI upped their price target on shares of Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research report on Friday, September 6th. Loop Capital raised their price objective on shares of Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.07.

Hedge Funds Weigh In On Samsara

A number of large investors have recently made changes to their positions in IOT. Resources Management Corp CT ADV grew its position in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after buying an additional 490 shares during the period. Quarry LP purchased a new stake in shares of Samsara during the 4th quarter worth approximately $37,000. National Bank of Canada FI acquired a new stake in shares of Samsara in the 2nd quarter worth approximately $38,000. Nemes Rush Group LLC purchased a new position in Samsara in the 2nd quarter valued at approximately $45,000. Finally, Tradition Wealth Management LLC acquired a new position in Samsara during the fourth quarter worth $46,000. Hedge funds and other institutional investors 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.