Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 95,485 shares of the company’s stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $41.87, for a total value of $3,997,956.95. Following the completion of the transaction, the insider directly owned 41,000 shares of the company’s stock, valued at approximately $1,716,670. This trade represents a 69.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Bicket also recently made the following trade(s):
- On Thursday, October 15th, John Bicket sold 65,209 shares of Samsara stock. The shares were sold at an average price of $42.27, for a total value of $2,756,384.43.
- On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The stock was sold at an average price of $41.14, for a total value of $4,245,894.84.
- On Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The stock was sold at an average price of $38.83, for a total value of $796,908.09.
- On Wednesday, September 30th, John Bicket sold 84,950 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total value of $3,262,080.00.
- On Tuesday, September 29th, John Bicket sold 158,427 shares of Samsara stock. The shares were sold at an average price of $37.73, for a total transaction of $5,977,450.71.
- On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The shares were sold at an average price of $39.44, for a total transaction of $1,362,928.08.
- On Wednesday, August 19th, John Bicket sold 93,365 shares of Samsara stock. The shares were sold at an average price of $39.93, for a total transaction of $3,728,064.45.
- On Tuesday, August 18th, John Bicket sold 135,978 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total transaction of $5,437,760.22.
- On Thursday, August 6th, John Bicket sold 57,267 shares of Samsara stock. The stock was sold at an average price of $37.89, for a total transaction of $2,169,846.63.
- On Wednesday, August 5th, John Bicket sold 87,079 shares of Samsara stock. The stock was sold at an average price of $38.64, for a total transaction of $3,364,732.56.
Samsara Trading Up 4.4%
IOT traded up $1.81 during trading on Thursday, hitting $42.61. 3,214,883 shares of the company traded hands, compared to its average volume of 4,813,616. The company has a market cap of $24.95 billion, a PE ratio of 266.32, a P/E/G ratio of 10.02 and a beta of 1.35. The stock’s 50-day simple moving average is $39.89 and its two-hundred day simple moving average is $35.14. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47.
Samsara (NYSE:IOT – Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $508.44 million for 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%. Samsara’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm 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. Equities analysts expect that Samsara Inc. will post 0.13 EPS for the current year.
Wall Street Analysts Forecast Growth
IOT has been the subject of a number of research analyst reports. KeyCorp raised their price objective on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. BNP Paribas Exane boosted their target price on Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Morgan Stanley increased their price target on Samsara from $43.00 to $49.00 and gave the company an “equal weight” rating in a research note on Friday, September 4th. Weiss Ratings upgraded Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Finally, TD Cowen lifted their price objective on Samsara from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.68.
Read Our Latest Analysis on IOT
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new position in Samsara during the second quarter worth $35,702,000. USS Investment Management Ltd bought a new position in Samsara during the first quarter valued at $28,232,000. Wellington Management Group LLP raised its stake in shares of Samsara by 9.6% in the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock valued at $302,494,000 after acquiring an additional 813,922 shares during the period. Bank of America Corp DE raised its stake in shares of Samsara by 41.5% in the first quarter. Bank of America Corp DE now owns 2,710,202 shares of the company’s stock valued at $85,886,000 after acquiring an additional 794,255 shares during the period. Finally, Bamco Inc. NY raised its stake in shares of Samsara by 21.9% in the fourth quarter. Bamco Inc. NY now owns 4,120,031 shares of the company’s stock valued at $146,055,000 after acquiring an additional 741,200 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.
Samsara Company Profile
Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.
The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.
Recommended Stories
- Five stocks we like better than Samsara
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for Samsara Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Samsara and related companies with MarketBeat.com's FREE daily email newsletter.
