Adam Eltoukhy Sells 9,308 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 9,308 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $50.64, for a total transaction of $471,357.12. Following the completion of the sale, the insider now directly owns 396,784 shares of the company’s stock, valued at $20,093,141.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 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 transaction 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

Shares of Samsara stock traded down $0.77 during trading on Wednesday, reaching $49.50. 1,951,568 shares of the company’s stock were exchanged, compared to its average volume of 3,708,899. The firm’s 50-day moving average price is $44.35 and its 200 day moving average price is $38.33. The company has a market cap of $27.26 billion, a P/E ratio of -99.18 and a beta of 1.52. Samsara Inc. has a 1-year low of $21.48 and a 1-year high of $51.53.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The business’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.11) earnings per share. As a group, equities research analysts predict that Samsara Inc. will post -0.34 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IOT shares. Loop Capital upped their price target on Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. StockNews.com lowered shares of Samsara from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Morgan Stanley increased their price objective on shares of Samsara from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note 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. Finally, JPMorgan Chase & Co. raised their price target on Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Samsara has a consensus rating of “Hold” and a consensus price target of $43.00.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp grew its holdings in 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 acquiring an additional 34,679 shares during the last quarter. Mission Wealth Management LP acquired a new position in shares of Samsara during the first quarter worth $1,100,000. Quarry LP bought a new stake in shares of Samsara in the fourth quarter worth $37,000. Bank of Montreal Can acquired a new stake in Samsara in the second quarter valued at $537,000. Finally, Magnetar Financial LLC bought a new position in Samsara during the 2nd quarter worth $1,240,000. Institutional investors own 89.39% of the company’s stock.

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.