Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells $320,789.16 in Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 10,422 shares of the 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 in the company, valued at approximately $16,471,886.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 stock was sold at an average price of $34.75, for a total transaction of $324,704.00.

Samsara Stock Down 2.8 %

Shares of NYSE:IOT opened at $30.15 on Friday. The business has a 50 day moving average price of $34.74 and a 200 day moving average price of $31.18. The company has a market cap of $16.60 billion, a price-to-earnings ratio of -56.89 and a beta of 1.56. Samsara Inc. has a twelve month low of $16.63 and a twelve month high of $40.54.

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

Analysts Set New Price Targets

Several research firms have weighed in on IOT. Loop Capital assumed coverage on Samsara in a report on Thursday. They set a “buy” rating and a $42.00 target price on the stock. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.60.

Institutional Trading of Samsara

Several hedge funds and other institutional investors have recently bought and sold shares of IOT. State of Wyoming acquired a new position in shares of Samsara during the fourth quarter valued at about $27,000. Fred Alger Management LLC acquired a new position in Samsara in the 3rd quarter valued at approximately $28,000. Macquarie Group Ltd. lifted 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 worth $30,000 after acquiring an additional 649 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Samsara during the 2nd quarter worth approximately $33,000. Finally, Quarry LP bought a new stake in shares of Samsara during the fourth quarter valued at approximately $37,000. 89.39% of the stock is currently owned by institutional investors and hedge funds.

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.