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

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 10,422 shares of the firm’s stock in a transaction that occurred 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 directly owns 535,149 shares in the company, valued at $16,471,886.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 %

Shares of IOT stock traded up $0.02 during trading hours on Wednesday, hitting $30.96. 2,503,729 shares of the company’s stock were exchanged, compared to its average volume of 3,686,015. The company has a market capitalization of $17.04 billion, a PE 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 business’s 50 day simple moving average is $34.94 and its 200-day simple moving average is $31.15.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, March 7th. The company reported ($0.08) 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 company had revenue of $276.27 million for the quarter, compared to the consensus estimate of $258.56 million. Equities analysts anticipate that Samsara Inc. will post -0.4 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IOT. Vanguard Group Inc. increased its stake in shares of Samsara by 84.4% in the third quarter. Vanguard Group Inc. now owns 7,636,709 shares of the company’s stock worth $92,175,000 after buying an additional 3,495,366 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Samsara by 19.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,841,815 shares of the company’s stock valued at $495,421,000 after acquiring an additional 2,425,103 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in Samsara in the second quarter valued at $52,707,000. PointState Capital LP boosted its holdings in Samsara by 62.7% in the first quarter. PointState Capital LP now owns 3,641,355 shares of the company’s stock valued at $58,335,000 after acquiring an additional 1,402,994 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Samsara by 13,691.1% in the first quarter. Bank of America Corp DE now owns 1,266,710 shares of the company’s stock valued at $24,980,000 after acquiring an additional 1,257,525 shares in the last quarter. 89.39% of the stock is owned by hedge funds and other institutional investors.

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.