Samsara Inc. (NYSE:IOT) Insider Sells $200,000.00 in Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 4,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $50.00, for a total transaction of $200,000.00. Following the completion of the sale, the insider now directly owns 396,784 shares of the company’s stock, valued at approximately $19,839,200. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 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 transaction of $562,500.00.
• On Monday, July 15th, Adam Eltoukhy sold 9,471 shares of Samsara stock. The shares were sold at an average price of $37.79, for a total transaction of $357,909.09.

Samsara Trading Down 0.2 %

Shares of NYSE IOT opened at $50.50 on Monday. The company has a market cap of $28.10 billion, a price-to-earnings ratio of -105.21 and a beta of 1.52. Samsara Inc. has a 12 month low of $21.48 and a 12 month high of $51.53. The stock has a 50-day moving average price of $43.78 and a two-hundred day moving average price of $38.16.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp increased its stake in shares of Samsara by 135.6% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 60,251 shares of the company’s stock valued at $2,277,000 after buying an additional 34,679 shares during the period. Mission Wealth Management LP acquired a new position in shares of Samsara in the first quarter valued at approximately $1,100,000. Quarry LP acquired a new position in shares of Samsara in the fourth quarter valued at approximately $37,000. Bank of Montreal Can acquired a new position in shares of Samsara in the second quarter valued at approximately $537,000. Finally, Magnetar Financial LLC acquired a new position in shares of Samsara in the second quarter valued at approximately $1,240,000. Institutional investors and hedge funds own 89.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IOT. Piper Sandler boosted their target price on shares of Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Loop Capital boosted their price target on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, September 6th. BMO Capital Markets boosted their price target on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. StockNews.com downgraded Samsara from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Evercore ISI boosted 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Samsara has a consensus rating of “Hold” and a consensus target price of $43.00.

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.