Key Points
- Insider Adam Eltoukhy sold 7,306 Samsara shares at an average price of $44.49, generating $325,043.94. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 1.88% to 381,854 shares.
- Samsara reported quarterly earnings of $0.20 per share, exceeding the $0.16 analyst estimate, while revenue rose 29.9% year over year to $508.44 million, above expectations.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $51.68, while institutional investors own approximately 96.02% of the company’s stock.
Samsara Inc. (NYSE:IOT - Get Free Report) insider Adam Eltoukhy sold 7,306 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $44.49, for a total transaction of $325,043.94. Following the transaction, the insider owned 381,854 shares of the company's stock, valued at $16,988,684.46. The trade was a 1.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Adam Eltoukhy also recently made the following trade(s):
- On Friday, September 25th, Adam Eltoukhy sold 7,306 shares of Samsara stock. The shares were sold at an average price of $39.07, for a total transaction of $285,445.42.
- 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.
Samsara Price Performance
Shares of NYSE:IOT opened at $43.07 on Thursday. The company's 50-day moving average price is $40.48 and its two-hundred day moving average price is $34.22. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The stock has a market capitalization of $25.22 billion, a PE ratio of 269.20, a price-to-earnings-growth ratio of 11.03 and a beta of 1.35.
Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The company's quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 EPS. 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, analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts recently issued reports on IOT shares. Truist Financial upped their target price on Samsara from $38.00 to $48.00 and gave the stock a "hold" rating in a report on Friday, September 4th. TD Cowen raised their price target on Samsara from $48.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, September 4th. KeyCorp raised their price target on Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, September 4th. Craig Hallum reissued a "buy" rating and issued a $54.00 price objective on shares of Samsara in a report on Friday, September 4th. Finally, BMO Capital Markets raised their target price on shares of Samsara from $44.00 to $54.00 and gave the company an "outperform" rating in a research note on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $51.68.
Get Our Latest Stock Report on IOT
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in Samsara by 9.6% in the 2nd quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company's stock valued at $302,494,000 after purchasing an additional 813,922 shares during the last quarter. Spyglass Capital Management LLC increased its position in Samsara by 4.7% during the second quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company's stock worth $100,068,000 after buying an additional 139,009 shares during the last quarter. Bank of America Corp DE increased its position in Samsara by 41.5% during the first quarter. Bank of America Corp DE now owns 2,710,202 shares of the company's stock worth $85,886,000 after buying an additional 794,255 shares during the last quarter. Bessemer Group Inc. increased its position in Samsara by 3.3% during the first quarter. Bessemer Group Inc. now owns 1,675,509 shares of the company's stock worth $53,097,000 after buying an additional 53,576 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Samsara by 64.3% in the first quarter. First Trust Advisors LP now owns 1,494,291 shares of the company's stock valued at $47,354,000 after buying an additional 584,854 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.
About Samsara
(
Get Free Report)
Samsara, Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its Samsara Connected Operations Cloud combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, facilities and frontline operations.
The company's products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.
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