Samsara Inc. (NYSE:IOT – Get Free Report) insider Adam Eltoukhy sold 5,000 shares of Samsara stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $24.27, for a total value of $121,350.00. Following the completion of the transaction, the insider now owns 775,821 shares in the company, valued at $18,829,175.67. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Adam Eltoukhy also recently made the following trade(s):
On Tuesday, September 5th, Adam Eltoukhy sold 6,668 shares of Samsara stock. The shares were sold at an average price of $31.20, for a total value of $208,041.60.
On Monday, August 7th, Adam Eltoukhy sold 6,665 shares of Samsara stock. The shares were sold at an average price of $25.67, for a total value of $171,090.55.
Samsara Price Performance
IOT traded down $0.54 during trading on Tuesday, reaching $25.04. 2,845,615 shares of the stock were exchanged, compared to its average volume of 3,124,916. The business’s 50 day moving average price is $26.15 and its two-hundred day moving average price is $24.18. The company has a market capitalization of $13.40 billion, a price-to-earnings ratio of -57.56 and a beta of 1.41. Samsara Inc. has a 1 year low of $8.42 and a 1 year high of $32.41.
Samsara (NYSE:IOT – Get Free Report) last posted its earnings results on Thursday, August 31st. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $219.26 million for the quarter, compared to the consensus estimate of $207.69 million. Samsara had a negative return on equity of 20.84% and a negative net margin of 30.77%. On average, analysts anticipate that Samsara Inc. will post -0.41 EPS for the current year.
Hedge Funds Weigh In On Samsara
A number of institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its holdings in shares of Samsara by 37.3% in the fourth 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 last quarter. Ulland Investment Advisors LLC acquired a new position in shares of Samsara in the second quarter worth $25,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Samsara by 14.1% in the first quarter. Vanguard Personalized Indexing Management LLC now owns 12,448 shares of the company’s stock worth $245,000 after acquiring an additional 1,538 shares during the last quarter. Quarry LP acquired a new position in shares of Samsara in the second quarter worth $44,000. Finally, IFP Advisors Inc raised its holdings in shares of Samsara by 3,665.1% in the second quarter. IFP Advisors Inc now owns 1,619 shares of the company’s stock worth $40,000 after acquiring an additional 1,576 shares during the last quarter. 52.47% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. StockNews.com initiated coverage on Samsara in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. Morgan Stanley lifted their price target on Samsara from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, September 1st. BMO Capital Markets lifted their price target on Samsara from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Friday, September 1st. Wells Fargo & Company lifted their price target on Samsara from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, September 1st. Finally, Truist Financial lifted their price target on Samsara from $20.00 to $27.00 in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.33.
Samsara Company Profile
Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.