Adam Eltoukhy Sells 2,039 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 2,039 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $32.08, for a total value of $65,411.12. Following the completion of the sale, the insider owned 425,080 shares of the company’s stock, valued at approximately $13,636,566.40. This trade represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Adam Eltoukhy also recently made the following trade(s):

• On Monday, June 22nd, Adam Eltoukhy sold 1,614 shares of Samsara stock. The stock was sold at an average price of $32.21, for a total value of $51,986.94.
• On Wednesday, May 20th, Adam Eltoukhy sold 5,473 shares of Samsara stock. The stock was sold at an average price of $30.21, for a total transaction of $165,339.33.
• On Monday, April 20th, Adam Eltoukhy sold 5,473 shares of Samsara stock. The stock was sold at an average price of $30.68, for a total transaction of $167,911.64.

Samsara Price Performance

NYSE IOT opened at $34.17 on Thursday. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47. The company has a market capitalization of $19.91 billion, a P/E ratio of 341.70, a PEG ratio of 7.60 and a beta of 1.35. The company’s 50 day simple moving average is $31.50 and its 200 day simple moving average is $31.53.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $478.84 million during the quarter, compared to analysts’ expectations of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, analysts anticipate that Samsara Inc. will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On Samsara

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in shares of Samsara during the fourth quarter worth $13,464,000. Royal Bank of Canada increased its position in Samsara by 100.3% in the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock worth $3,686,000 after purchasing an additional 48,135 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Samsara by 2,444.6% during the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock worth $682,000 after purchasing an additional 17,088 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Samsara by 3.4% during the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock valued at $390,000 after buying an additional 335 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Samsara by 142.4% during the 2nd quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock valued at $2,739,000 after buying an additional 40,450 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on IOT. Jefferies Financial Group upgraded Samsara to a “buy” rating in a report on Thursday, June 11th. Zacks Research downgraded Samsara from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Piper Sandler reiterated an “overweight” rating and issued a $40.00 price target (up from $39.00) on shares of Samsara in a research report on Friday, June 5th. Evercore reissued an “outperform” rating on shares of Samsara in a research note on Friday, March 6th. Finally, Weiss Ratings upgraded Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.94.

About Samsara

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.