Adam Eltoukhy Sells 18,219 Shares of Samsara (NYSE:IOT) Stock

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 firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $39.15, for a total transaction of $713,273.85. Following the sale, the insider directly owned 302,698 shares of the company's stock, valued at $11,850,626.70. The trade was a 5.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 shares were 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 stock was 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 Trading Up 0.3%

Shares of IOT traded up $0.10 during trading hours on Friday, hitting $40.07. 1,542,733 shares of the stock traded hands, compared to its average volume of 4,983,920. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90. The firm has a market capitalization of $22.81 billion, a PE ratio of -250.69 and a beta of 1.61. The business has a fifty day moving average of $36.74 and a 200-day moving average of $39.27.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. The company had revenue of $391.48 million for the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.Samsara's revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm posted $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. As a group, equities research analysts expect that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Samsara

A number of large investors have recently added to or reduced their stakes in IOT. Baillie Gifford & Co. lifted its position in Samsara by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock valued at $1,352,186,000 after purchasing an additional 2,348,101 shares during the last quarter. Vanguard Group Inc. lifted its stake in Samsara by 18.3% in the second quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company's stock valued at $1,106,012,000 after acquiring an additional 4,307,755 shares during the last quarter. Sands Capital Management LLC increased its position in Samsara by 17.2% during the second 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. Jennison Associates LLC increased its position in Samsara by 1,881.8% during the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock worth $450,881,000 after acquiring an additional 11,169,571 shares during the period. Finally, State Street Corp grew its holdings in shares of Samsara by 107.8% in the 2nd quarter. State Street Corp now owns 5,611,956 shares of the company's stock worth $223,244,000 after purchasing an additional 2,910,916 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IOT shares. Piper Sandler upped their price target on Samsara from $47.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. BMO Capital Markets lowered their price objective on Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research report on Friday, September 5th. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Zacks Research downgraded shares of Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Craig Hallum upgraded shares of Samsara from a "hold" rating to a "buy" rating and upped their price objective for the stock from $42.00 to $48.00 in a research report on Friday, September 5th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Samsara has a consensus rating of "Moderate Buy" and a consensus price target 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.