Samsara (NYSE:IOT) Stock: Insider Adam Eltoukhy Sells 7,306 Shares

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 7,306 shares of the business’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $39.07, for a total transaction of $285,445.42. Following the transaction, the insider directly owned 381,854 shares in the company, valued at approximately $14,919,035.78. The trade was a 1.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Tuesday, August 25th, Adam Eltoukhy sold 6,876 shares of Samsara stock. The stock was sold at an average price of $39.82, for a total transaction of $273,802.32.
• On Monday, July 27th, Adam Eltoukhy sold 3,653 shares of Samsara stock. The shares were sold at an average price of $34.95, for a total transaction of $127,672.35.
• On Monday, July 6th, Adam Eltoukhy sold 3,653 shares of Samsara stock. The shares were sold at an average price of $37.00, for a total transaction of $135,161.00.

Samsara Stock Performance

Shares of NYSE IOT traded up $0.07 during midday trading on Tuesday, reaching $38.00. 5,591,423 shares of the stock were exchanged, compared to its average volume of 7,568,767. The company has a 50 day simple moving average of $38.80 and a 200 day simple moving average of $34.45. The stock has a market capitalization of $22.25 billion, a P/E ratio of 344.82, a PEG ratio of 9.31 and a beta of 1.35. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. On average, research analysts expect that Samsara Inc. will post 0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Evercore reissued an “outperform” rating and set a $55.00 price objective on shares of Samsara in a research report on Friday, September 4th. Morgan Stanley increased their target price on shares of Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Friday, September 4th. Bank of America boosted their price target on shares of Samsara from $47.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Wells Fargo & Company raised their price target on Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Finally, Wall Street Zen upgraded Samsara from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Samsara presently has an average rating of “Moderate Buy” and an average price target of $52.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IOT. Markowski Investments purchased a new stake in shares of Samsara during the 2nd quarter worth $37,000. Parkside Financial Bank & Trust increased its holdings in Samsara by 91.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock valued at $45,000 after buying an additional 656 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in Samsara in the second quarter valued at $46,000. CX Institutional acquired a new stake in Samsara in the second quarter valued at $64,000. Finally, International Assets Investment Management LLC lifted its holdings in Samsara by 444.3% during the 1st quarter. International Assets Investment Management LLC now owns 2,961 shares of the company’s stock worth $94,000 after buying an additional 2,417 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

About Samsara

Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.