Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 12,500 Shares

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 12,500 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $55.05, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, November 15th, Adam Eltoukhy sold 9,307 shares of Samsara stock. The shares were 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 stock was 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 transaction of $236,878.40.
• 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 transaction of $562,500.00.

Samsara Price Performance

Shares of NYSE:IOT opened at $56.35 on Friday. Samsara Inc. has a 1 year low of $26.13 and a 1 year high of $56.76. The company has a market cap of $31.35 billion, a PE ratio of -117.40 and a beta of 1.52. The stock’s 50-day moving average is $49.25 and its 200 day moving average is $41.43.

Samsara (NYSE:IOT) last released 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 for the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The company’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.11) earnings per share. Analysts expect that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Samsara in the third quarter worth approximately $1,689,000. Hobbs Group Advisors LLC purchased a new position in Samsara during the third quarter valued at $34,000. Teachers Retirement System of The State of Kentucky increased its holdings in Samsara by 2.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 149,789 shares of the company’s stock valued at $7,208,000 after acquiring an additional 3,000 shares during the last quarter. Toronto Dominion Bank lifted its stake in Samsara by 33.7% in the 3rd quarter. Toronto Dominion Bank now owns 26,536 shares of the company’s stock worth $1,277,000 after purchasing an additional 6,692 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in Samsara by 12.6% during the third quarter. Coldstream Capital Management Inc. now owns 6,958 shares of the company’s stock valued at $336,000 after buying an additional 776 shares during the last quarter. 89.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IOT has been the subject of a number of research analyst reports. Truist Financial lifted their price target on Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Craig Hallum assumed coverage on shares of Samsara in a research report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target for the company. BNP Paribas assumed coverage on shares of Samsara in a research report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price objective for the company. Wells Fargo & Company raised their target price on Samsara from $42.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, Royal Bank of Canada lifted their price target on shares of Samsara from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.