Samsara (NYSE:IOT) Director Sells $19,357,222.43 in Stock

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 567,827 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $34.09, for a total transaction of $19,357,222.43. Following the sale, the director directly owned 3,945,147 shares of the company’s stock, valued at approximately $134,490,061.23. This trade represents a 12.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Samsara Price Performance

Shares of IOT opened at $33.57 on Friday. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47. The company has a 50 day simple moving average of $30.85 and a two-hundred day simple moving average of $32.35. The firm has a market cap of $19.50 billion, a P/E ratio of 335.76, a price-to-earnings-growth ratio of 7.54 and a beta of 1.34.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The business had revenue of $478.84 million during the quarter, compared to analyst estimates of $455.21 million. During the same period last year, the firm posted $0.11 EPS. The company’s revenue was up 30.5% on a year-over-year basis. 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, sell-side analysts anticipate that Samsara Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Evercore reaffirmed an “outperform” rating on shares of Samsara in a report on Friday, March 6th. The Goldman Sachs Group set a $45.00 target price on shares of Samsara in a report on Monday, March 2nd. Weiss Ratings raised shares of Samsara from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. UBS Group reissued a “buy” rating and issued a $48.00 target price on shares of Samsara in a report on Friday, March 6th. Finally, Royal Bank Of Canada raised their target price on shares of Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Acumen Wealth Advisors LLC purchased a new position in shares of Samsara in the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Samsara by 312.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after purchasing an additional 669 shares in the last quarter. AlphaCentric Advisors LLC purchased a new position in shares of Samsara in the fourth quarter valued at $36,000. Optiver Holding B.V. grew its holdings in shares of Samsara by 953.2% in the third quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock valued at $44,000 after purchasing an additional 1,058 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in Samsara by 194.4% in the third quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock worth $47,000 after buying an additional 828 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.