Insider Selling: Samsara Inc. (NYSE:IOT) Insider Sells 4,000 Shares of Stock

by · The Cerbat Gem

Samsara Inc. (NYSE:IOT – Get Free Report) insider Adam Eltoukhy sold 4,000 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $50.00, for a total value of $200,000.00. Following the transaction, the insider now directly owns 396,784 shares in the company, valued at $19,839,200. This represents a 0.00 % decrease in their position. 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 Wednesday, September 25th, Adam Eltoukhy sold 8,500 shares of Samsara stock. The stock was sold at an average price of $50.01, for a total value of $425,085.00.
  • On Tuesday, September 10th, Adam Eltoukhy sold 5,008 shares of Samsara stock. The stock was sold at an average price of $47.30, for a total value of $236,878.40.
  • On Friday, September 6th, Adam Eltoukhy sold 12,500 shares of Samsara stock. The shares were sold at an average price of $45.00, for a total value of $562,500.00.
  • On Monday, July 15th, Adam Eltoukhy sold 9,471 shares of Samsara stock. The shares were sold at an average price of $37.79, for a total value of $357,909.09.

Samsara Trading Down 0.2 %

NYSE IOT opened at $50.49 on Friday. The business’s 50-day moving average price is $43.78 and its 200 day moving average price is $38.17. Samsara Inc. has a twelve month low of $21.48 and a twelve month high of $51.53. The company has a market capitalization of $28.09 billion, a PE ratio of -105.19 and a beta of 1.52.

Samsara (NYSE:IOT – Get Free Report) last released its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The firm had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. During the same period in the prior year, the business posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 36.9% compared to the same quarter last year. Equities analysts predict that Samsara Inc. will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on IOT. JPMorgan Chase & Co. upped their target price on Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. BMO Capital Markets upped their target price on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a report on Friday, September 6th. TD Cowen upped their target price on Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a report on Friday. StockNews.com lowered Samsara from a “hold” rating to a “sell” rating in a report on Friday. Finally, Loop Capital upped their price objective on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.00.

Check Out Our Latest Analysis on Samsara

Hedge Funds Weigh In On Samsara

Several large investors have recently added to or reduced their stakes in the business. Bayesian Capital Management LP increased its stake in Samsara by 66.8% during the fourth quarter. Bayesian Capital Management LP now owns 103,600 shares of the company’s stock worth $3,458,000 after acquiring an additional 41,500 shares during the last quarter. Oracle Alpha Inc. acquired a new stake in Samsara during the fourth quarter worth about $929,000. Occudo Quantitative Strategies LP acquired a new stake in Samsara during the fourth quarter worth about $5,968,000. Quarry LP acquired a new stake in Samsara during the fourth quarter worth about $37,000. Finally, GLOBALT Investments LLC GA acquired a new stake in Samsara during the fourth quarter worth about $2,184,000. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Company Profile

(Get Free Report)

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.

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