Insider Selling: Samsara (NYSE:IOT) CAO Sells 770 Shares of Stock

Samsara Inc. (NYSE:IOT) CAO Benjamin Kirchhoff sold 770 shares of the company’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $40.42, for a total transaction of $31,123.40. Following the completion of the sale, the chief accounting officer directly owned 151,086 shares in the company, valued at $6,106,896.12. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Benjamin Louis Kirchhoff also recently made the following trade(s):

• On Tuesday, September 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The stock was sold at an average price of $42.55, for a total transaction of $92,120.75.
• On Monday, July 20th, Benjamin Kirchhoff sold 960 shares of Samsara stock. The stock was sold at an average price of $37.70, for a total transaction of $36,192.00.

Samsara Stock Performance

NYSE IOT traded down $1.45 on Monday, reaching $38.10. 5,655,396 shares of the company’s stock traded hands, compared to its average volume of 7,009,204. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The firm has a market cap of $22.20 billion, a price-to-earnings ratio of 238.12, a P/E/G ratio of 9.71 and a beta of 1.35. The stock has a 50 day moving average price of $38.68 and a 200-day moving average price of $34.17.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $508.44 million for the quarter, compared to the consensus estimate of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. As a group, equities research analysts anticipate that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Samsara

A number of large investors have recently bought and sold shares of IOT. Goldman Sachs Group Inc. boosted its position in Samsara by 58.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock worth $421,079,000 after purchasing an additional 4,401,082 shares in the last quarter. 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 buying an additional 3,322,023 shares in the last quarter. Wellington Management Group LLP raised its stake 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 worth $302,494,000 after buying an additional 813,922 shares during the period. 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, Bamco Inc. NY lifted its position in shares of Samsara by 21.9% during the 4th quarter. Bamco Inc. NY now owns 4,120,031 shares of the company’s stock valued at $146,055,000 after buying an additional 741,200 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IOT shares. Bank of America boosted their price target on Samsara from $47.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 4th. Truist Financial raised their price objective on shares of Samsara from $38.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, September 4th. Jefferies Financial Group raised shares of Samsara to a “buy” rating in a report on Thursday, June 11th. KeyCorp boosted their target price on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Finally, Cantor Fitzgerald began coverage on shares of Samsara in a report on Monday, September 14th. They set an “overweight” rating and a $45.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.05.

Samsara Company Profile

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company’s products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.