Samsara Inc. (NYSE:IOT - Get Free Report) insider Adam Eltoukhy sold 10,422 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.78, for a total transaction of $320,789.16. Following the completion of the transaction, the insider now directly owns 535,149 shares of the company's stock, valued at approximately $16,471,886.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Adam Eltoukhy also recently made the following trade(s):
- On Tuesday, March 19th, Adam Eltoukhy sold 10,737 shares of Samsara stock. The shares were sold at an average price of $36.47, for a total transaction of $391,578.39.
- On Tuesday, March 12th, Adam Eltoukhy sold 72,300 shares of Samsara stock. The shares were sold at an average price of $38.71, for a total transaction of $2,798,733.00.
- On Thursday, February 15th, Adam Eltoukhy sold 9,344 shares of Samsara stock. The stock was sold at an average price of $34.75, for a total transaction of $324,704.00.
Samsara Stock Performance
Samsara stock opened at $30.96 on Thursday. The firm has a 50-day moving average of $34.91 and a 200-day moving average of $31.15. Samsara Inc. has a one year low of $16.63 and a one year high of $40.54.
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Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, hitting analysts' consensus estimates of ($0.08). The company had revenue of $276.27 million during the quarter, compared to the consensus estimate of $258.56 million. Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. Analysts forecast that Samsara Inc. will post -0.4 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Samsara from a "sell" rating to a "hold" rating in a research note on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $31.56.
Check Out Our Latest Analysis on IOT
Institutional Investors Weigh In On Samsara
A number of institutional investors and hedge funds have recently modified their holdings of the company. Janney Capital Management LLC raised its holdings in shares of Samsara by 3.1% in the 4th quarter. Janney Capital Management LLC now owns 10,348 shares of the company's stock valued at $345,000 after purchasing an additional 311 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Samsara by 31.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company's stock valued at $53,000 after purchasing an additional 381 shares during the period. Rhumbline Advisers raised its holdings in shares of Samsara by 13.6% in the 3rd quarter. Rhumbline Advisers now owns 4,594 shares of the company's stock valued at $116,000 after purchasing an additional 550 shares during the period. Ulland Investment Advisors LLC raised its holdings in shares of Samsara by 67.4% in the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company's stock valued at $38,000 after purchasing an additional 600 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Samsara by 1.0% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 66,389 shares of the company's stock valued at $2,216,000 after purchasing an additional 644 shares during the period. 89.39% of the stock is owned by institutional investors.
Samsara Company Profile
(
Get Free Report)
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.
Further Reading
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