Samsara EVP Eltoukhy sells $731k in IoT stock

Published 19/06/2025, 01:12
Samsara EVP Eltoukhy sells $731k in IoT stock

Adam Eltoukhy, Executive Vice President, Chief Legal Officer and Secretary at Samsara Inc. (NYSE:IOT), a $21.8 billion market cap company with impressive gross profit margins of ~77%, sold 18,643 shares of Class A Common Stock on June 16, 2025, for approximately $730,992. The shares were sold at prices ranging from $38.66 to $39.575, amid the stock’s 31% gain over the past year.

Following the transaction, Eltoukhy directly owns 358,720 shares of Samsara Inc. Class A Common Stock, which includes restricted stock units (RSUs). Eltoukhy also indirectly owns 114,662 shares held by the ES Trust. According to InvestingPro, which offers comprehensive analysis of 1,400+ stocks, Samsara shows strong revenue growth of 32% in the last twelve months.

The sales were executed to cover tax withholding obligations related to the settlement of restricted stock units. Based on InvestingPro’s Fair Value analysis, the stock currently appears to be trading near its Fair Value, with 15 analysts recently revising their earnings expectations upward for the upcoming period.

In other recent news, Samsara Inc reported a 32% growth in its first fiscal quarter revenue, excluding foreign exchange impacts. However, analysts from BNP Paribas (OTC:BNPQY) Exane expressed concerns over extended sales cycles and reduced their price target for Samsara to $38 from $43, maintaining a Neutral rating. Meanwhile, Piper Sandler maintained an Overweight rating and a $53 price target, highlighting a $5 billion market opportunity for Samsara’s asset tags, which could grow further within the broader RFID market.

RBC Capital analysts reiterated their Outperform rating with a $54 price target, citing strong annual recurring revenue growth and potential upside despite some deal elongation. Wolfe Research also raised its price target to $45 from $41, maintaining an Outperform rating, and noted Samsara’s solid execution and competitive positioning in a fragmented market. Goldman Sachs maintained its Buy rating with a $46 price target, acknowledging the company’s ability to manage macroeconomic challenges and achieve its fiscal year 2026 growth guidance.

Samsara’s international performance, particularly in Europe, has shown strong growth and resistance to tariff disruptions, contributing to the company’s sustained momentum. The upcoming Beyond 2025 event is expected to feature new product launches and could serve as a catalyst for the stock, according to Piper Sandler. Despite recent challenges, analysts remain optimistic about Samsara’s long-term prospects, with several firms maintaining positive ratings.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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