Samsara (NYSE:IOT) Insider Adam Eltoukhy Sells 1,614 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 1,614 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $32.21, for a total value of $51,986.94. Following the completion of the sale, the insider owned 425,080 shares in the company, valued at $13,691,826.80. This represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 20th, Adam Eltoukhy sold 5,473 shares of Samsara stock. The stock was sold at an average price of $30.21, for a total value of $165,339.33.
• On Monday, April 20th, Adam Eltoukhy sold 5,473 shares of Samsara stock. The stock was sold at an average price of $30.68, for a total value of $167,911.64.

Samsara Trading Up 0.7%

IOT stock opened at $31.36 on Wednesday. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47. The business’s 50 day simple moving average is $31.16 and its 200 day simple moving average is $32.04. The firm has a market capitalization of $18.27 billion, a PE ratio of 313.63, a PEG ratio of 7.28 and a beta of 1.34.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The business had revenue of $478.84 million during the quarter, compared to the consensus estimate of $455.21 million. During the same quarter last year, the firm posted $0.11 EPS. The company’s quarterly revenue was up 30.5% on a year-over-year basis. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. As a group, sell-side analysts predict that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Samsara

Several institutional investors and hedge funds have recently modified their holdings of IOT. Acumen Wealth Advisors LLC acquired a new position in shares of Samsara during the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of Samsara by 312.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after buying an additional 669 shares in the last quarter. AlphaCentric Advisors LLC bought a new stake in shares of Samsara in the fourth quarter valued at approximately $36,000. Optiver Holding B.V. grew its position in Samsara by 953.2% during the third quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock worth $44,000 after buying an additional 1,058 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Samsara by 194.4% during the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock worth $47,000 after acquiring an additional 828 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IOT has been the subject of several research analyst reports. Weiss Ratings raised shares of Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, June 15th. Royal Bank Of Canada increased their price target on shares of Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, June 5th. The Goldman Sachs Group set a $45.00 price objective on shares of Samsara in a research report on Monday, March 2nd. Wolfe Research restated an “outperform” rating on shares of Samsara in a report on Thursday, June 11th. Finally, BMO Capital Markets upped their target price on Samsara from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.53.

Samsara Company Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.