Samsara Inc. (NYSE:IOT - Get Free Report) insider Adam Eltoukhy sold 18,643 shares of Samsara stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $39.21, for a total value of $730,992.03. Following the sale, the insider now directly owns 358,720 shares in the company, valued at $14,065,411.20. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Adam Eltoukhy also recently made the following trade(s):
- On Tuesday, June 10th, Adam Eltoukhy sold 10,451 shares of Samsara stock. The stock was sold at an average price of $41.23, for a total value of $430,894.73.
- 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 Stock Performance
NYSE IOT traded up $0.57 on Friday, reaching $39.26. The company had a trading volume of 11,014,153 shares, compared to its average volume of 3,841,153. The firm has a market capitalization of $22.35 billion, a price-to-earnings ratio of -178.44 and a beta of 1.74. Samsara Inc. has a 1-year low of $28.69 and a 1-year high of $61.90. The company's fifty day moving average is $42.41 and its 200-day moving average is $44.45.
Samsara (NYSE:IOT - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. The firm had revenue of $366.88 million during the quarter, compared to analyst estimates of $351.44 million. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. The company's revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 EPS. On average, research analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current year.
Hedge Funds Weigh In On Samsara
Large investors have recently modified their holdings of the business. NewEdge Advisors LLC boosted its stake in shares of Samsara by 262.0% during the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after buying an additional 414 shares during the last quarter. Keystone Financial Group Inc. boosted its stake in shares of Samsara by 300.0% during the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after buying an additional 450 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Samsara during the 4th quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Samsara during the 1st quarter worth about $31,000. Finally, IFP Advisors Inc boosted its stake in shares of Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock worth $35,000 after buying an additional 598 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on IOT shares. Craig Hallum reissued a "hold" rating on shares of Samsara in a report on Friday, March 7th. Royal Bank Of Canada dropped their price objective on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. BMO Capital Markets upped their target price on shares of Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, June 2nd. Morgan Stanley dropped their target price on shares of Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Piper Sandler reiterated an "overweight" rating and set a $53.00 target price (up previously from $44.00) on shares of Samsara in a research report on Wednesday, May 14th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $50.00.
Check Out Our Latest Report on Samsara
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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