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

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 10,422 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.78, for a total transaction of $320,789.16. Following the completion of the sale, the insider now owns 535,149 shares of the company’s stock, valued at approximately $16,471,886.22. The sale 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 Tuesday, March 19th, Adam Eltoukhy sold 10,737 shares of Samsara stock. The shares were 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 Trading Up 0.1 %

NYSE IOT traded up $0.02 during trading on Wednesday, reaching $30.96. The company’s stock had a trading volume of 2,503,729 shares, compared to its average volume of 3,686,015. The firm has a market capitalization of $17.04 billion, a price-to-earnings ratio of -58.38 and a beta of 1.56. Samsara Inc. has a 12 month low of $16.63 and a 12 month high of $40.54. The firm has a 50 day moving average price of $34.94 and a 200 day moving average price of $31.15.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). The firm had revenue of $276.27 million during the quarter, compared to the consensus estimate of $258.56 million. Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. On average, equities analysts forecast that Samsara Inc. will post -0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.56.

Institutional Trading of Samsara

Institutional investors have recently bought and sold shares of the business. State of Wyoming bought a new stake in Samsara in the 4th quarter valued at about $27,000. Fred Alger Management LLC acquired a new position in shares of Samsara in the 3rd quarter valued at approximately $28,000. Macquarie Group Ltd. raised its position in shares of Samsara by 37.3% in the 4th quarter. Macquarie Group Ltd. now owns 2,391 shares of the company’s stock valued at $30,000 after buying an additional 649 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Samsara in the 2nd quarter valued at approximately $33,000. Finally, Quarry LP acquired a new position in shares of Samsara in the 4th quarter valued at approximately $37,000. Institutional investors own 89.39% of the company’s stock.

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.