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SAN FRANCISCO—Adam Eltoukhy, Executive Vice President, Chief Legal Officer, and Secretary at Samsara Inc. (NYSE:IOT), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Eltoukhy sold 11,343 shares of Samsara’s Class A Common Stock on March 20, 2025. The sale comes as the $22.5 billion market cap company maintains impressive gross margins of 76% and strong revenue growth of 33% year-over-year. The transaction, executed as part of a pre-established trading plan, was completed at prices ranging from $39.28 to $40.38 per share, amounting to a total sale value of approximately $450,970.
Following these transactions, Eltoukhy retains direct ownership of 271,922 shares and indirect ownership of 87,734 shares through a trust. These sales were conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stock, helping to avoid potential accusations of insider trading.
In other recent news, Samsara Inc. has reported strong financial results, with a 36% adjusted growth in the fourth quarter and a revenue beat of approximately 3.5%, according to TD Cowen. The company has projected a 23-24% constant currency growth for fiscal year 2026, aligning with market expectations. RBC Capital Markets noted a 33% increase in Annual Recurring Revenue (ARR) and a 25% rise in revenue, emphasizing Samsara’s success in the enterprise sector. Despite these positive outcomes, RBC Capital reduced its price target for Samsara to $54 from $64, reflecting changes in industry valuations. Similarly, Truist Securities adjusted its price target to $42 from $50, maintaining a Hold rating while acknowledging potential challenges in the upcoming fiscal year.
In a strategic move, Samsara has partnered with Hyundai (OTC:HYMTF) Translead to develop a factory-installed trailer monitoring system aimed at enhancing safety and operational efficiency for North American fleets. Piper Sandler upgraded Samsara’s stock rating to Overweight with a price target of $50, citing the company’s potential for over 20% growth and its increasing market share in fleet management. The analysts at Piper Sandler highlighted Samsara’s insulation from market volatility and the potential for a larger renewal base in fiscal year 2026. These developments indicate Samsara’s continued focus on expanding its market presence and enhancing its product offerings.
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