Samsara (NYSE:IOT) Insider Sells 18,219 Shares

Key Points

• Adam Eltoukhy, an insider at Samsara, sold 18,219 shares at an average price of $39.15, totaling approximately $713,273, which reduced their ownership by 5.68%.
• Samsara's stock experienced a 1.5% decline, trading at $38.89, with a market capitalization of $22.14 billion and a negative PE ratio of -243.06.
• The company reported a 30.4% year-over-year revenue increase to $391.48 million, surpassing analysts' expectations for the quarter ending September 4th.

Samsara Inc. (NYSE:IOT - Get Free Report) insider Adam Eltoukhy sold 18,219 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $39.15, for a total transaction of $713,273.85. Following the completion of the transaction, the insider owned 302,698 shares in the company, valued at approximately $11,850,626.70. This trade represents a 5.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, September 10th, Adam Eltoukhy sold 9,758 shares of Samsara stock. The stock was sold at an average price of $38.14, for a total transaction of $372,170.12.
• On Wednesday, August 20th, Adam Eltoukhy sold 4,578 shares of Samsara stock. The stock was sold at an average price of $32.73, for a total value of $149,837.94.
• On Monday, July 21st, Adam Eltoukhy sold 10,083 shares of Samsara stock. The shares were sold at an average price of $38.77, for a total value of $390,917.91.
• On Friday, June 27th, Adam Eltoukhy sold 10,083 shares of Samsara stock. The stock was sold at an average price of $39.89, for a total value of $402,210.87.

Samsara Stock Up 0.6%

IOT traded up $0.24 during midday trading on Friday, hitting $40.21. The company's stock had a trading volume of 5,937,081 shares, compared to its average volume of 7,533,881. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90. The firm has a 50-day moving average price of $36.79 and a two-hundred day moving average price of $39.21.

Samsara (NYSE:IOT - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The business had revenue of $391.48 million for the quarter, compared to analysts' expectations of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The company's quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, research analysts expect that Samsara Inc. will post -0.3 earnings per share for the current year.

Hedge Funds Weigh In On Samsara

Several institutional investors have recently modified their holdings of the company. Jennison Associates LLC increased its stake in shares of Samsara by 1,881.8% in the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock valued at $450,881,000 after purchasing an additional 11,169,571 shares during the period. Vanguard Group Inc. grew its holdings in Samsara by 18.3% in the 2nd quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company's stock worth $1,106,012,000 after buying an additional 4,307,755 shares in the last quarter. Norges Bank acquired a new stake in Samsara in the 2nd quarter valued at approximately $134,950,000. State Street Corp raised its stake in Samsara by 107.8% during the 2nd quarter. State Street Corp now owns 5,611,956 shares of the company's stock valued at $223,244,000 after acquiring an additional 2,910,916 shares in the last quarter. Finally, Sands Capital Management LLC boosted its position in Samsara by 17.2% during the 2nd quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company's stock worth $766,808,000 after acquiring an additional 2,833,049 shares during the period. Institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on IOT shares. BMO Capital Markets decreased their target price on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating for the company in a research note on Friday, September 5th. Royal Bank Of Canada upped their price objective on shares of Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. Zacks Research lowered Samsara from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Evercore ISI set a $45.00 price objective on Samsara in a report on Wednesday, June 25th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.38.

Samsara Company Profile

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.