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

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 10,422 shares of the stock in a transaction 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 sale, the insider now owns 535,149 shares of the company’s stock, valued at $16,471,886.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $36.47, for a total value of $391,578.39.
• On Tuesday, March 12th, Adam Eltoukhy sold 72,300 shares of Samsara stock. The stock was sold at an average price of $38.71, for a total value 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 value of $324,704.00.

Samsara Stock Performance

NYSE IOT opened at $30.96 on Thursday. Samsara Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $40.54. The stock’s 50-day moving average is $34.91 and its two-hundred day moving average is $31.15.

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

Hedge Funds Weigh In On Samsara

A number of institutional investors have recently made changes to their positions in the business. Janney Capital Management LLC increased its stake in shares of Samsara by 3.1% in the fourth quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock worth $345,000 after purchasing an additional 311 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Samsara by 31.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after purchasing an additional 381 shares during the period. Rhumbline Advisers increased its stake in shares of Samsara by 13.6% in the third quarter. Rhumbline Advisers now owns 4,594 shares of the company’s stock worth $116,000 after purchasing an additional 550 shares during the period. Ulland Investment Advisors LLC increased its stake in shares of Samsara by 67.4% in the third quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $38,000 after purchasing an additional 600 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Samsara by 1.0% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 66,389 shares of the company’s stock worth $2,216,000 after purchasing an additional 644 shares during the period. 89.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.