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

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 9,307 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.55, for a total value of $461,161.85. Following the sale, the insider now owns 396,784 shares in the company, valued at approximately $19,660,647.20. This represents a 2.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 value 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 stock was sold at an average price of $50.01, for a total transaction 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 shares were sold at an average price of $45.00, for a total value of $562,500.00.

Samsara Stock Performance

IOT traded up $2.74 on Tuesday, hitting $52.23. The company had a trading volume of 2,843,396 shares, compared to its average volume of 3,548,342. Samsara Inc. has a 52-week low of $25.76 and a 52-week high of $53.98. The stock has a fifty day simple moving average of $48.68 and a 200-day simple moving average of $41.02.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.53 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The business’s revenue for the quarter was up 36.9% on a year-over-year basis. On average, analysts anticipate that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on IOT shares. BMO Capital Markets increased their target price on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Craig Hallum initiated coverage on shares of Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target for the company. Loop Capital upped their price target on shares of Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. upped their price target on shares of Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, TD Cowen upped their price target on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $44.87.

Hedge Funds Weigh In On Samsara

A number of institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC increased its position in shares of Samsara by 2,787.2% during the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock valued at $521,000 after acquiring an additional 10,452 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Samsara during the second quarter valued at approximately $537,000. Magnetar Financial LLC bought a new stake in shares of Samsara during the second quarter valued at approximately $1,240,000. RFG Advisory LLC increased its position in shares of Samsara by 41.5% during the second quarter. RFG Advisory LLC now owns 12,486 shares of the company’s stock valued at $421,000 after acquiring an additional 3,662 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its position in shares of Samsara by 486.8% during the second quarter. Ensign Peak Advisors Inc now owns 114,432 shares of the company’s stock valued at $3,856,000 after acquiring an additional 94,932 shares in the last quarter. 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.