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

Key Points

• Insider Adam Eltoukhy sold 7,306 Samsara shares at an average price of $44.49, generating $325,043.94. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 1.88% to 381,854 shares.
• Samsara reported quarterly revenue of $508.44 million, up 29.9% year over year, and EPS of $0.20, exceeding analysts’ $0.16 estimate.
• The stock recently traded at $43.07, while analysts maintained a “Moderate Buy” consensus with an average price target of $51.68; institutional investors own approximately 96.02% of the company.

Samsara Inc. (NYSE:IOT - Get Free Report) insider Adam Eltoukhy sold 7,306 shares of the stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $44.49, for a total transaction of $325,043.94. Following the completion of the transaction, the insider owned 381,854 shares of the company's stock, valued at $16,988,684.46. This represents a 1.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 Friday, September 25th, Adam Eltoukhy sold 7,306 shares of Samsara stock. The shares were sold at an average price of $39.07, for a total transaction of $285,445.42.
• 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.

Samsara Stock Performance

IOT traded down $0.44 on Wednesday, hitting $43.07. 4,185,330 shares of the company were exchanged, compared to its average volume of 6,654,815. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The firm has a market capitalization of $25.22 billion, a P/E ratio of 269.20, a price-to-earnings-growth ratio of 11.03 and a beta of 1.35. The business's fifty day moving average is $40.41 and its 200 day moving average is $34.18.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The company had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. During the same period last year, the firm earned $0.12 EPS. The company's revenue for the quarter was up 29.9% on a year-over-year basis. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Analysts forecast that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BTIG Research boosted their price objective on shares of Samsara from $45.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, September 4th. Jefferies Financial Group started coverage on shares of Samsara in a research report on Sunday, October 4th. They set a "buy" rating and a $50.00 target price for the company. BMO Capital Markets lifted their target price on shares of Samsara from $44.00 to $54.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. JPMorgan Chase & Co. upped their price target on shares of Samsara from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Friday, September 4th. Finally, Bank of America increased their price target on shares of Samsara from $47.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Samsara currently has a consensus rating of "Moderate Buy" and an average target price of $51.68.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. USS Investment Management Ltd acquired a new position in Samsara during the first quarter worth approximately $28,232,000. Spyglass Capital Management LLC boosted its holdings in Samsara by 25.5% in the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company's stock valued at $93,379,000 after acquiring an additional 599,651 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Samsara in the second quarter valued at $4,860,000. Tidal Investments LLC grew its position in Samsara by 347.6% during the second quarter. Tidal Investments LLC now owns 72,129 shares of the company's stock valued at $2,339,000 after acquiring an additional 56,016 shares during the period. Finally, Fifth Third Bancorp grew its position in Samsara by 226.3% during the first quarter. Fifth Third Bancorp now owns 54,335 shares of the company's stock valued at $1,722,000 after acquiring an additional 37,683 shares during the period. Hedge funds and other institutional investors 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 Samsara Connected Operations Cloud combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, facilities and frontline operations.

The company's products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.

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