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

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 5,008 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $47.30, for a total value of $236,878.40. Following the sale, the insider now directly owns 455,797 shares of the company’s stock, valued at $21,559,198.10. The transaction was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $45.00, for a total transaction of $562,500.00.
• On Monday, July 15th, Adam Eltoukhy sold 9,471 shares of Samsara stock. The stock was sold at an average price of $37.79, for a total transaction of $357,909.09.

Samsara Trading Up 2.5 %

Shares of IOT opened at $47.44 on Friday. The company’s fifty day simple moving average is $39.21 and its 200 day simple moving average is $36.51. Samsara Inc. has a 1-year low of $21.48 and a 1-year high of $47.68. The company has a market cap of $26.13 billion, a price-to-earnings ratio of -94.88 and a beta of 1.50.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping 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 company had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.53 million. During the same period in the previous year, the business earned ($0.11) EPS. Samsara’s revenue for the quarter was up 36.9% compared to the same quarter last year. As a group, research analysts forecast that Samsara Inc. will post -0.34 earnings per share for the current year.

Institutional Trading of Samsara

Institutional investors and hedge funds have recently bought and sold shares of the business. Boulder Hill Capital Management LP acquired a new position in shares of Samsara during the 4th quarter worth approximately $1,115,000. Charles Schwab Investment Management Inc. raised its position in shares of Samsara by 9.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 969,429 shares of the company’s stock valued at $32,360,000 after purchasing an additional 79,773 shares during the period. CHURCHILL MANAGEMENT Corp lifted its stake in shares of Samsara by 135.6% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 60,251 shares of the company’s stock worth $2,277,000 after buying an additional 34,679 shares during the last quarter. Mission Wealth Management LP bought a new stake in shares of Samsara during the 1st quarter worth about $1,100,000. Finally, Quarry LP acquired a new position in Samsara in the 4th quarter valued at about $37,000. Institutional investors own 89.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on IOT shares. Loop Capital upped their target price on shares of Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Bank of America lifted their target price on Samsara from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, September 6th. BMO Capital Markets upped their price target on Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research report on Friday, September 6th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $44.00 price target on shares of Samsara in a research note on Friday, June 28th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.07.

Samsara Company Profile

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.