Samsara (NYSE:IOT) Director Marc Andreessen Sells 575,000 Shares of Stock

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 575,000 shares of Samsara stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $34.12, for a total value of $19,619,000.00. Following the transaction, the director owned 3,370,147 shares in the company, valued at approximately $114,989,415.64. This represents a 14.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Samsara Trading Down 3.2%

IOT stock opened at $32.56 on Thursday. The business’s 50-day moving average price is $30.81 and its two-hundred day moving average price is $32.37. The firm has a market cap of $18.91 billion, a PE ratio of 325.61, a P/E/G ratio of 7.85 and a beta of 1.34. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $478.84 million for the quarter, compared to analyst estimates of $455.21 million. Samsara had a return on equity of 2.07% and a net margin of 3.32%.The company’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the previous year, the company 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, analysts forecast that Samsara Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on IOT. Truist Financial reduced their target price on Samsara from $39.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, February 17th. Evercore restated an “outperform” rating on shares of Samsara in a report on Friday, March 6th. Royal Bank Of Canada boosted their price target on Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, June 5th. BTIG Research restated a “buy” rating and issued a $45.00 price target on shares of Samsara in a report on Friday, June 5th. Finally, UBS Group restated a “buy” rating and issued a $48.00 price target on shares of Samsara in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.53.

Institutional Trading of Samsara

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

About Samsara

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.