Sanjit Biswas Sells 87,333 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 87,333 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $38.64, for a total value of $3,374,547.12. Following the completion of the transaction, the chief executive officer owned 316,400 shares of the company’s stock, valued at $12,225,696. This trade represents a 21.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanjit Biswas also recently made the following trade(s):

• On Thursday, August 6th, Sanjit Biswas sold 57,090 shares of Samsara stock. The shares were sold at an average price of $37.89, for a total value of $2,163,140.10.
• On Tuesday, August 4th, Sanjit Biswas sold 119,477 shares of Samsara stock. The shares were sold at an average price of $38.34, for a total value of $4,580,748.18.
• On Wednesday, July 22nd, Sanjit Biswas sold 61,283 shares of Samsara stock. The stock was sold at an average price of $33.87, for a total value of $2,075,655.21.
• On Tuesday, July 21st, Sanjit Biswas sold 202,617 shares of Samsara stock. The stock was sold at an average price of $36.81, for a total value of $7,458,331.77.
• On Wednesday, July 8th, Sanjit Biswas sold 19,095 shares of Samsara stock. The shares were sold at an average price of $35.09, for a total value of $670,043.55.
• On Tuesday, July 7th, Sanjit Biswas sold 244,805 shares of Samsara stock. The stock was sold at an average price of $36.77, for a total transaction of $9,001,479.85.
• On Thursday, May 28th, Sanjit Biswas sold 31,081 shares of Samsara stock. The stock was sold at an average price of $31.21, for a total transaction of $970,038.01.
• On Wednesday, May 27th, Sanjit Biswas sold 128,159 shares of Samsara stock. The shares were sold at an average price of $30.03, for a total transaction of $3,848,614.77.
• On Tuesday, May 26th, Sanjit Biswas sold 104,660 shares of Samsara stock. The shares were sold at an average price of $31.10, for a total transaction of $3,254,926.00.
• On Wednesday, May 13th, Sanjit Biswas sold 95,628 shares of Samsara stock. The shares were sold at an average price of $27.47, for a total transaction of $2,626,901.16.

Samsara Stock Down 1.3%

Shares of NYSE:IOT traded down $0.52 during midday trading on Thursday, reaching $38.21. The company’s stock had a trading volume of 3,623,667 shares, compared to its average volume of 7,039,216. The stock has a fifty day moving average of $34.87 and a 200 day moving average of $31.59. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The firm has a market capitalization of $22.26 billion, a PE ratio of 382.12, a P/E/G ratio of 8.67 and a beta of 1.34.

Samsara (NYSE:IOT) last posted its earnings results 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 company had revenue of $478.84 million during the quarter, compared to the consensus estimate of $455.21 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The firm’s quarterly 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. Sell-side analysts anticipate that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Samsara

Institutional investors and hedge funds have recently modified their holdings of the business. USS Investment Management Ltd purchased a new position in Samsara during the first quarter worth approximately $28,232,000. Allen Operations LLC increased its position in shares of Samsara by 83.3% in the fourth quarter. Allen Operations LLC now owns 66,020 shares of the company’s stock valued at $2,340,000 after buying an additional 30,000 shares in the last quarter. Spyglass Capital Management LLC increased its position in shares of Samsara by 25.5% in the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after buying an additional 599,651 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Samsara by 17.8% during the 4th quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock worth $219,035,000 after buying an additional 935,855 shares during the period. Finally, Jordan Park Trust Co LLC raised its stake in shares of Samsara by 54.1% during the 4th quarter. Jordan Park Trust Co LLC now owns 3,833,929 shares of the company’s stock worth $135,913,000 after buying an additional 1,346,628 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

IOT has been the topic of several analyst reports. Royal Bank Of Canada raised their target price on Samsara from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Zacks Research lowered Samsara from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Wolfe Research reaffirmed an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. Piper Sandler reaffirmed an “overweight” rating and set a $40.00 price objective (up from $39.00) on shares of Samsara in a research note on Friday, June 5th. Finally, Morgan Stanley set a $43.00 target price on shares of Samsara in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Samsara currently has an average rating of “Moderate Buy” and a consensus 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.