Adam Eltoukhy Sells 10,422 Shares of Samsara Inc. (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 10,422 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $30.78, for a total value of $320,789.16. Following the completion of the transaction, the insider now owns 535,149 shares of the company’s stock, valued at $16,471,886.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, March 19th, Adam Eltoukhy sold 10,737 shares of Samsara stock. The stock was sold at an average price of $36.47, for a total transaction of $391,578.39.
• On Tuesday, March 12th, Adam Eltoukhy sold 72,300 shares of Samsara stock. The shares were sold at an average price of $38.71, for a total transaction of $2,798,733.00.
• On Thursday, February 15th, Adam Eltoukhy sold 9,344 shares of Samsara stock. The shares were sold at an average price of $34.75, for a total transaction of $324,704.00.

Samsara Stock Up 0.2 %

Shares of IOT opened at $31.02 on Friday. The business has a fifty day moving average of $34.84 and a 200 day moving average of $31.15. The company has a market cap of $17.08 billion, a PE ratio of -58.53 and a beta of 1.56. Samsara Inc. has a 52-week low of $16.63 and a 52-week high of $40.54.

Samsara (NYSE:IOT) last released its earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. The firm had revenue of $276.27 million during the quarter, compared to analyst estimates of $258.56 million. As a group, research analysts anticipate that Samsara Inc. will post -0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IOT. Quarry LP bought a new stake in shares of Samsara during the 4th quarter worth approximately $37,000. Fred Alger Management LLC purchased a new stake in Samsara in the third quarter worth $28,000. Montag A & Associates Inc. lifted its position in shares of Samsara by 1,200.0% during the fourth quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock worth $43,000 after purchasing an additional 1,200 shares during the last quarter. Tradition Wealth Management LLC purchased a new stake in shares of Samsara during the fourth quarter valued at $46,000. Finally, Ulland Investment Advisors LLC grew its holdings in shares of Samsara by 67.4% in the third quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $38,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Wall Street Analyst Weigh In

IOT has been the topic of a number of research analyst reports. Loop Capital assumed coverage on Samsara in a research report on Thursday. They issued a “buy” rating and a $42.00 target price on the stock. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $32.60.

About Samsara

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.