Samsara Inc. (NYSE:IOT - Get Free Report) insider Adam Eltoukhy sold 10,451 shares of Samsara stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $41.23, for a total value of $430,894.73. Following the transaction, the insider now directly owns 395,646 shares in the company, valued at approximately $16,312,484.58. The trade was a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Adam Eltoukhy also recently made the following trade(s):
- On Thursday, March 20th, Adam Eltoukhy sold 11,343 shares of Samsara stock. The stock was sold at an average price of $39.76, for a total value of $450,997.68.
Samsara Trading Down 3.8%
Shares of NYSE:IOT traded down $1.55 during trading on Friday, hitting $39.14. 5,492,723 shares of the company were exchanged, compared to its average volume of 3,795,227. The stock has a market cap of $22.28 billion, a price-to-earnings ratio of -83.28 and a beta of 1.74. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The firm has a fifty day moving average price of $42.29 and a two-hundred day moving average price of $44.90.
Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. The firm had revenue of $366.88 million for the quarter, compared to analyst estimates of $351.44 million. Samsara had a negative return on equity of 19.44% and a negative net margin of 21.80%. The business's quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 EPS. As a group, research analysts predict that Samsara Inc. will post -0.3 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on IOT shares. Morgan Stanley dropped their price target on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada dropped their price objective on Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. Piper Sandler reiterated an "overweight" rating and issued a $53.00 price target (up previously from $44.00) on shares of Samsara in a report on Wednesday, May 14th. Wells Fargo & Company raised their target price on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Finally, BMO Capital Markets raised their target price on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, June 2nd. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $50.00.
Get Our Latest Stock Report on IOT
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC acquired a new position in shares of Samsara during the 4th quarter worth approximately $13,464,000. abrdn plc increased its holdings in shares of Samsara by 11.6% during the 4th quarter. abrdn plc now owns 4,792 shares of the company's stock worth $210,000 after acquiring an additional 498 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Samsara by 22.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 459,416 shares of the company's stock worth $20,072,000 after acquiring an additional 83,133 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Samsara by 37.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,753 shares of the company's stock worth $863,000 after acquiring an additional 5,410 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Samsara by 10,923.1% during the 4th quarter. Blue Trust Inc. now owns 7,165 shares of the company's stock worth $313,000 after acquiring an additional 7,100 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.
About Samsara
(
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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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