Key Points
- Insider sale: Adam Eltoukhy sold 7,306 Samsara shares for approximately $285,445 under a pre-arranged Rule 10b5-1 trading plan, reducing his position by 1.88% to 381,854 shares.
- Strong quarterly results: Samsara reported adjusted earnings of $0.20 per share versus the $0.16 consensus estimate, while revenue reached $508.44 million, up 29.9% year over year and above expectations.
- Positive analyst sentiment: Several firms raised their price targets, and Samsara has a consensus “Moderate Buy” rating with an average target of $52.05; institutional investors own 96.02% of the stock.
Samsara Inc. (NYSE:IOT - Get Free Report) insider Adam Eltoukhy sold 7,306 shares of Samsara stock in a transaction on Friday, September 25th. The stock was sold at an average price of $39.07, for a total transaction of $285,445.42. Following the sale, the insider directly owned 381,854 shares in the company, valued at $14,919,035.78. This trade represents a 1.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Adam Eltoukhy also recently made the following trade(s):
- On Tuesday, August 25th, Adam Eltoukhy sold 6,876 shares of Samsara stock. The shares were sold at an average price of $39.82, for a total transaction of $273,802.32.
- On Monday, July 27th, Adam Eltoukhy sold 3,653 shares of Samsara stock. The shares were sold at an average price of $34.95, for a total value of $127,672.35.
- On Monday, July 6th, Adam Eltoukhy sold 3,653 shares of Samsara stock. The stock was sold at an average price of $37.00, for a total value of $135,161.00.
Samsara Stock Performance
NYSE:IOT opened at $38.00 on Wednesday. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The business's 50-day simple moving average is $38.84 and its 200 day simple moving average is $34.50. The stock has a market cap of $22.25 billion, a price-to-earnings ratio of 237.51, a price-to-earnings-growth ratio of 9.31 and a beta of 1.35.
Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The firm had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. During the same quarter in the prior year, the business posted $0.12 earnings per share. Samsara's revenue for the quarter was up 29.9% on a year-over-year basis. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. On average, equities research analysts predict that Samsara Inc. will post 0.13 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in shares of Samsara by 58.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company's stock valued at $421,079,000 after acquiring an additional 4,401,082 shares during the last quarter. Brown Advisory Inc. lifted its stake in Samsara by 42.1% during the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company's stock worth $397,536,000 after purchasing an additional 3,322,023 shares during the last quarter. Wellington Management Group LLP lifted its stake in Samsara by 9.6% during the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company's stock worth $302,494,000 after purchasing an additional 813,922 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Samsara by 17.8% in the fourth quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company's stock worth $219,035,000 after purchasing an additional 935,855 shares during the period. Finally, Bamco Inc. NY boosted its holdings in Samsara by 21.9% in the fourth quarter. Bamco Inc. NY now owns 4,120,031 shares of the company's stock worth $146,055,000 after purchasing an additional 741,200 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on IOT. Wells Fargo & Company raised their price target on shares of Samsara from $50.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, September 4th. KeyCorp upped their price target on shares of Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, September 4th. TD Cowen increased their price objective on shares of Samsara from $48.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, September 4th. Cantor Fitzgerald initiated coverage on shares of Samsara in a report on Monday, September 14th. They set an "overweight" rating and a $45.00 price objective for the company. Finally, Royal Bank Of Canada boosted their target price on shares of Samsara from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Samsara presently has an average rating of "Moderate Buy" and a consensus price target of $52.05.
Get Our Latest Stock Analysis on IOT
About Samsara
(
Get Free Report)
Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.
The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.
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