Dominic Phillips Sells 17,908 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 17,908 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $37.62, for a total transaction of $673,698.96. Following the sale, the insider directly owned 1,048,982 shares of the company’s stock, valued at $39,462,702.84. This represents a 1.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dominic Phillips also recently made the following trade(s):

• On Monday, August 3rd, Dominic Phillips sold 11,710 shares of Samsara stock. The stock was sold at an average price of $37.62, for a total transaction of $440,530.20.
• On Wednesday, July 1st, Dominic Phillips sold 17,909 shares of Samsara stock. The shares were sold at an average price of $33.32, for a total transaction of $596,727.88.
• On Wednesday, July 1st, Dominic Phillips sold 12,065 shares of Samsara stock. The stock was sold at an average price of $33.32, for a total value of $402,005.80.
• On Friday, June 5th, Dominic Phillips sold 19,547 shares of Samsara stock. The stock was sold at an average price of $35.39, for a total value of $691,768.33.

Samsara Stock Up 0.4%

Shares of Samsara stock traded up $0.14 during mid-day trading on Wednesday, reaching $38.74. 3,201,075 shares of the stock traded hands, compared to its average volume of 7,062,241. The business has a 50-day moving average of $34.69 and a 200 day moving average of $31.56. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The stock has a market capitalization of $22.58 billion, a PE ratio of 387.46, a PEG ratio of 8.34 and a beta of 1.34.

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

Institutional Trading of Samsara

A number of hedge funds and other institutional investors have recently modified their holdings of IOT. Baillie Gifford & Co. boosted its position in shares of Samsara by 15.0% during the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock valued at $1,689,565,000 after acquiring an additional 6,208,553 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Samsara by 58.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock worth $421,079,000 after purchasing an additional 4,401,082 shares during the period. Norges Bank purchased a new position in Samsara during the fourth quarter worth about $127,415,000. Vanguard Group Inc. boosted its holdings in Samsara by 11.5% in the 4th quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after purchasing an additional 3,417,849 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Samsara by 42.1% in the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after purchasing an additional 3,322,023 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IOT. Guggenheim began coverage on shares of Samsara in a research note on Wednesday, July 22nd. They set a “buy” rating and a $45.00 target price on the stock. KeyCorp reiterated an “overweight” rating on shares of Samsara in a research report on Friday, June 26th. Royal Bank Of Canada raised their price target on shares of Samsara from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Wells Fargo & Company boosted their price target on shares of Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Finally, Weiss Ratings raised shares of Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Samsara presently has a consensus rating of “Moderate Buy” and an average target price of $45.33.

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.