Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 74,489 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $42.05, for a total transaction of $3,132,262.45. Following the transaction, the chief executive officer owned 95,295 shares of the company’s stock, valued at approximately $4,007,154.75. This trade represents a 43.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sanjit Biswas also recently made the following trade(s):
- On Thursday, November 12th, Sanjit Biswas sold 66,560 shares of Samsara stock. The shares were sold at an average price of $41.44, for a total transaction of $2,758,246.40.
- On Tuesday, November 10th, Sanjit Biswas sold 93,969 shares of Samsara stock. The shares were sold at an average price of $41.39, for a total transaction of $3,889,376.91.
- On Tuesday, October 27th, Sanjit Biswas sold 114,813 shares of Samsara stock. The shares were sold at an average price of $43.38, for a total transaction of $4,980,587.94.
- On Thursday, October 29th, Sanjit Biswas sold 40,875 shares of Samsara stock. The stock was sold at an average price of $41.57, for a total transaction of $1,699,173.75.
- On Wednesday, October 28th, Sanjit Biswas sold 108,212 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total value of $4,649,869.64.
- On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The stock was sold at an average price of $42.27, for a total value of $2,764,542.54.
- On Wednesday, October 14th, Sanjit Biswas sold 103,110 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total value of $4,241,945.40.
- On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total value of $3,993,895.56.
- On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The stock was sold at an average price of $38.81, for a total value of $820,016.49.
- On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total value of $3,239,769.60.
Samsara Stock Performance
IOT stock traded up $0.06 on Friday, hitting $41.38. 2,568,004 shares of the company’s stock were exchanged, compared to its average volume of 3,664,249. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47. The firm has a 50 day moving average price of $40.96 and a two-hundred day moving average price of $34.75. The stock has a market cap of $24.23 billion, a P/E ratio of 258.62, a price-to-earnings-growth ratio of 10.15 and a beta of 1.33.
Samsara (NYSE:IOT – Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The company had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. During the same period in the prior year, the company posted $0.12 EPS. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Sell-side analysts expect that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on IOT shares. Cantor Fitzgerald started coverage on shares of Samsara in a report on Monday, September 14th. They set an “overweight” rating and a $45.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. BNP Paribas Exane lifted their target price on shares of Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Bank of America boosted their target price on shares of Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.68.
Check Out Our Latest Research Report on Samsara
Hedge Funds Weigh In On Samsara
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new stake in Samsara during the 2nd quarter worth about $35,702,000. Wellington Management Group LLP lifted its holdings in 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 boosted its position in Samsara by 41.5% in the 1st quarter. Bank of America Corp DE now owns 2,710,202 shares of the company’s stock worth $85,886,000 after purchasing an additional 794,255 shares in the last quarter. Aberdeen Group plc boosted its position in Samsara by 4,068.5% in the 3rd quarter. Aberdeen Group plc now owns 783,852 shares of the company’s stock worth $29,888,000 after purchasing an additional 765,048 shares in the last quarter. Finally, Spyglass Capital Management LLC boosted its position in Samsara by 25.5% in the 1st quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock worth $93,379,000 after purchasing an additional 599,651 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.
Trending Headlines about Samsara
Here are a few of the latest headlines about IOT:
- Positive Sentiment: Samsara launched what it describes as an industry-first 360-degree camera designed for open-cab equipment. The launch could broaden its equipment-monitoring offerings and appeal to customers operating in additional work environments. Samsara launches 360-degree camera article
- Negative Sentiment: CEO Sanjit Biswas and insider John Bicket reported selling shares in transactions from Nov. 10–12, totaling roughly 470,000 shares based on the reported amounts. The sales could concern investors, though both were executed under pre-arranged Rule 10b5-1 plans, tempering the signal. John Bicket SEC filing Sanjit Biswas SEC filing
Samsara Company Profile
Samsara Inc. is a technology company that provides a cloud-based platform for managing connected operations. Its platform combines Internet of Things (IoT) devices, software and data analytics to help organizations monitor vehicles, equipment, worksites and other physical assets. The company’s products include vehicle telematics, fleet management tools, AI-enabled dash cameras, equipment monitoring and software for routing, driver safety and operational workflows. Its customers span industries such as transportation, construction, field services, manufacturing and the public sector.
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