Samsara (NYSE:IOT) Stock: Insider Sanjit Biswas Sells 158,402 Shares

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 158,402 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $37.74, for a total value of $5,978,091.48. Following the transaction, the chief executive officer owned 51,600 shares in the company, valued at approximately $1,947,384. This trade represents a 75.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The shares were sold at an average price of $38.81, for a total value of $820,016.49.
• On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The shares were sold at an average price of $38.40, for a total transaction of $3,239,769.60.
• On Thursday, August 20th, Sanjit Biswas sold 35,366 shares of Samsara stock. The stock was 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 stock was 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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.

Samsara Stock Performance

IOT stock traded up $1.91 during midday trading on Thursday, hitting $40.04. 4,529,759 shares of the company’s stock were exchanged, compared to its average volume of 7,544,066. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The company has a market cap of $23.45 billion, a PE ratio of 346.64, a price-to-earnings-growth ratio of 9.36 and a beta of 1.35. The stock’s fifty day moving average price is $38.94 and its 200-day moving average price is $34.54.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $508.44 million during 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 company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 earnings per share. 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, analysts expect that Samsara Inc. will post 0.13 EPS for the current year.

Institutional Trading of Samsara

Institutional investors and hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC acquired a new stake in shares of Samsara in the 2nd quarter valued at approximately $46,000. Tidal Investments LLC lifted its stake in Samsara by 347.6% in the second quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock valued at $2,339,000 after acquiring an additional 56,016 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Samsara in the 2nd quarter valued at about $671,000. RFG Advisory LLC raised its holdings in shares of Samsara by 1.9% in the 2nd quarter. RFG Advisory LLC now owns 111,482 shares of the company’s stock valued at $3,615,000 after purchasing an additional 2,117 shares during the period. Finally, IFP Advisors Inc lifted its stake in Samsara by 63.1% in the 2nd 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 last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on IOT. Evercore reissued an “outperform” rating and set a $55.00 target price on shares of Samsara in a research note on Friday, September 4th. TD Cowen upped their price target on shares of Samsara from $48.00 to $53.00 and gave the company a “buy” rating in a report on Friday, September 4th. Truist Financial increased their price objective on shares of Samsara from $38.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, September 4th. Piper Sandler restated a “neutral” rating and set a $46.00 price objective (up from $40.00) on shares of Samsara in a report on Friday, September 4th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Samsara in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Samsara currently has an average rating of “Moderate Buy” and a consensus price target of $52.05.

About Samsara

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.