Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells $688,125.00 in Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 12,500 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $55.05, for a total value of $688,125.00. Following the transaction, the insider now owns 396,784 shares of the company’s stock, valued at approximately $21,842,959.20. The trade was a 3.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 15th, Adam Eltoukhy sold 9,307 shares of Samsara stock. The stock was sold at an average price of $49.55, for a total value of $461,161.85.
• 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 shares were 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 shares were 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 stock was 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 Up 2.7 %

Shares of Samsara stock opened at $56.35 on Monday. The firm has a market capitalization of $31.35 billion, a P/E ratio of -117.40 and a beta of 1.52. Samsara Inc. has a 52 week low of $26.13 and a 52 week high of $56.76. The company has a 50 day moving average price of $49.25 and a 200 day moving average price of $41.45.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Continuum Advisory LLC boosted its position in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after buying an additional 247 shares during the last quarter. Private Trust Co. NA lifted its stake in Samsara by 19.2% during the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after acquiring an additional 250 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Samsara by 9.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock valued at $123,000 after acquiring an additional 280 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Samsara by 3.5% in the third quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock worth $433,000 after acquiring an additional 304 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Samsara by 5.1% during the third quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock worth $383,000 after purchasing an additional 388 shares during the last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on IOT shares. Evercore ISI raised their price target on Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research note on Friday, September 6th. Morgan Stanley boosted their price target on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. TD Cowen lifted their price objective on shares of Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 11th. Wells Fargo & Company upped their target price on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, BMO Capital Markets upped their price objective on Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Samsara currently has a consensus rating of “Hold” and an average target price of $45.67.

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.