Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 84,369 shares of the company’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $38.40, for a total value of $3,239,769.60. Following the sale, the chief executive officer directly owned 225,800 shares in the company, valued at $8,670,720. This represents a 27.20% decrease in their position. The transaction was disclosed in a document filed 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 Tuesday, September 29th, Sanjit Biswas sold 158,402 shares of Samsara stock. The shares were 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 stock was sold at an average price of $39.94, for a total value of $3,717,575.26.
- On Tuesday, August 18th, Sanjit Biswas sold 135,455 shares of Samsara stock. The stock was 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 value of $2,163,140.10.
- On Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The shares were 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 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.
Samsara Stock Performance
Samsara stock opened at $41.12 on Friday. The company has a market cap of $24.08 billion, a P/E ratio of 257.01, a price-to-earnings-growth ratio of 10.10 and a beta of 1.35. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The business has a fifty day moving average of $39.27 and a two-hundred day moving average of $34.65.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IOT. Anchor Investment Management LLC acquired a new position in shares of Samsara in the second quarter valued at approximately $46,000. Tidal Investments LLC grew its stake 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 acquiring an additional 56,016 shares during the period. Engineers Gate Manager LP purchased a new stake in Samsara in the 2nd quarter worth approximately $671,000. RFG Advisory LLC raised its holdings in 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 acquiring an additional 2,117 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings 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 acquiring an additional 1,389 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
IOT has been the subject of several research reports. Jefferies Financial Group raised Samsara to a “buy” rating in a report on Thursday, June 11th. Bank of America upped their target price on Samsara from $47.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 4th. TD Cowen lifted their price target on Samsara from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. JPMorgan Chase & Co. boosted their price objective on shares of Samsara from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Finally, Weiss Ratings downgraded shares of Samsara from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Samsara presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.05.
Get Our Latest Report on Samsara
Key Headlines Impacting Samsara
Here are the key news stories impacting Samsara this week:
- Positive Sentiment: Analysts remain broadly optimistic, with Samsara carrying a consensus “Moderate Buy” rating and an average price target of $52.05. TD Cowen raised its target to $53, while Wells Fargo increased its target to $58, suggesting considerable potential upside from recent levels. Samsara Inc. Stock Has Average Price Target of $52.05 According to Analysts
- Positive Sentiment: The company’s latest quarterly results beat expectations. Samsara reported adjusted earnings per share of $0.20 versus the $0.16 consensus estimate, while revenue reached $508.44 million compared with forecasts of $483.29 million. Revenue increased 29.9% year over year, and fiscal 2027 EPS guidance was set at $0.760 to $0.780.
- Neutral Sentiment: Valuation remains demanding. Samsara’s high earnings multiple leaves the stock vulnerable if growth slows, guidance disappoints or investors reduce exposure to premium-priced software companies.
- Negative Sentiment: CEO Sanjit Biswas and insider John Bicket collectively sold approximately 527,800 shares between September 29 and October 1 for roughly $20.1 million. The transactions significantly reduced their direct holdings and may weigh on investor sentiment. However, each sale was made under a pre-arranged Rule 10b5-1 trading plan, indicating the transactions were scheduled in advance rather than necessarily reflecting a new negative view of Samsara’s outlook. SEC Insider Trading Filing
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.
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