Insider Selling: Samsara (NYSE:IOT) CEO Sells 135,455 Shares of Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 135,455 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $39.99, for a total value of $5,416,845.45. Following the transaction, the chief executive officer owned 62,200 shares in the company, valued at $2,487,378. The trade was a 68.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 20th, Sanjit Biswas sold 35,366 shares of Samsara stock. The shares were sold at an average price of $39.43, for a total transaction of $1,394,481.38.
• On Wednesday, August 19th, Sanjit Biswas sold 93,079 shares of Samsara stock. The shares were sold at an average price of $39.94, for a total value of $3,717,575.26.
• 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 Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The stock was sold at an average price of $38.64, for a total value of $3,374,547.12.
• On Tuesday, August 4th, Sanjit Biswas sold 119,477 shares of Samsara stock. The stock was 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 stock was 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 value of $970,038.01.

Samsara Trading Down 0.7%

Shares of IOT traded down $0.27 during mid-day trading on Thursday, reaching $38.93. The company’s stock had a trading volume of 5,690,708 shares, compared to its average volume of 6,916,050. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The stock has a market cap of $22.68 billion, a PE ratio of 389.34, a P/E/G ratio of 8.89 and a beta of 1.34. The company’s fifty day moving average price is $35.84 and its two-hundred day moving average price is $32.14.

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

Analyst Ratings Changes

Several brokerages recently weighed in on IOT. TD Cowen raised their price target on shares of Samsara from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday. Wolfe Research reiterated an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. Truist Financial lifted their target price on Samsara from $30.00 to $38.00 and gave the stock a “hold” rating in a report on Wednesday. BTIG Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Samsara in a report on Friday, June 26th. Finally, Piper Sandler downgraded shares of Samsara from an “overweight” rating to a “neutral” rating and set a $40.00 price target on the stock. in a report on Sunday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.39.

Hedge Funds Weigh In On Samsara

Large investors have recently added to or reduced their stakes in the company. Spyglass Capital Management LLC boosted its position in shares of Samsara by 4.7% in the second quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company’s stock worth $100,068,000 after purchasing an additional 139,009 shares during the period. Wellington Management Group LLP raised its position in shares of Samsara by 9.6% during the 2nd quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock valued at $302,494,000 after purchasing an additional 813,922 shares during the period. Archer Investment Corp purchased a new position in shares of Samsara during the 2nd quarter valued at $296,000. Public Employees Retirement System of Ohio purchased a new position in shares of Samsara during the 2nd quarter valued at $3,177,000. Finally, Plato Investment Management Ltd bought a new position in Samsara in the 2nd quarter worth $637,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.