Insider Selling: Samsara (NYSE:IOT) CEO Sells $820,016.49 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 21,129 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $38.81, for a total transaction of $820,016.49. Following the sale, the chief executive officer directly owned 877,835 shares in the company, valued at approximately $34,068,776.35. This represents a 2.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total transaction of $3,239,769.60.
• On Tuesday, September 29th, Sanjit Biswas sold 158,402 shares of Samsara stock. The stock was sold at an average price of $37.74, for a total transaction of $5,978,091.48.
• 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 transaction of $3,717,575.26.
• On Tuesday, August 18th, Sanjit Biswas sold 135,455 shares of Samsara stock. The shares were sold at an average price of $39.99, for a total value of $5,416,845.45.
• On Thursday, August 6th, Sanjit Biswas sold 57,090 shares of Samsara stock. The stock was 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 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 shares were 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 transaction of $7,458,331.77.

Samsara Trading Up 5.0%

NYSE IOT traded up $1.91 on Thursday, hitting $40.04. 4,529,759 shares of the company’s stock traded hands, compared to its average volume of 7,544,066. The firm’s 50-day moving average price is $38.94 and its two-hundred day moving average price is $34.54. The firm has a market capitalization of $23.45 billion, a PE ratio of 346.64, a P/E/G ratio of 9.36 and a beta of 1.35. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47.

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

Wall Street Analysts Forecast Growth

IOT has been the topic of several analyst reports. Guggenheim increased their price target on Samsara from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Wells Fargo & Company boosted their price objective on Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, September 4th. TD Cowen upped their target price on Samsara from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Morgan Stanley raised their target price on Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a report on Friday, September 4th. Finally, Wolfe Research reissued an “outperform” rating on shares of Samsara in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.05.

Institutional Investors Weigh In On Samsara

A number of institutional investors have recently modified their holdings of the business. Anchor Investment Management LLC purchased a new position in shares of Samsara in the 2nd quarter valued at about $46,000. Tidal Investments LLC raised its holdings in Samsara by 347.6% in the 2nd quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock worth $2,339,000 after purchasing an additional 56,016 shares during the period. Engineers Gate Manager LP purchased a new position in Samsara during the second quarter worth approximately $671,000. RFG Advisory LLC boosted its position in Samsara by 1.9% during the second quarter. RFG Advisory LLC now owns 111,482 shares of the company’s stock worth $3,615,000 after purchasing an additional 2,117 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in Samsara by 63.1% in the second quarter. IFP Advisors Inc now owns 3,589 shares of the company’s stock valued at $116,000 after purchasing an additional 1,389 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Samsara Company Profile

Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.