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

Samsara Inc. (NYSE:IOT) CAO Benjamin Kirchhoff sold 770 shares of the firm’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $39.79, for a total transaction of $30,638.30. Following the sale, the chief accounting officer owned 148,151 shares of the company’s stock, valued at approximately $5,894,928.29. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The shares were sold at an average price of $40.40, for a total transaction of $87,466.00.
• On Friday, September 18th, Benjamin Kirchhoff sold 770 shares of Samsara stock. The shares were sold at an average price of $40.42, for a total transaction of $31,123.40.
• On Tuesday, September 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The shares were sold at an average price of $42.55, for a total transaction of $92,120.75.

Samsara Trading Up 1.9%

IOT stock traded up $0.82 during midday trading on Wednesday, reaching $43.21. The company had a trading volume of 2,950,849 shares, compared to its average volume of 6,729,100. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47. The company has a market capitalization of $25.30 billion, a P/E ratio of 270.04, a PEG ratio of 9.90 and a beta of 1.35. The company has a 50 day moving average of $40.00 and a two-hundred day moving average of $35.43.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. During the same period in the previous year, the company posted $0.12 EPS. Samsara’s revenue was up 29.9% on a year-over-year basis. 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, sell-side analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current year.

Institutional Investors Weigh In On Samsara

Several institutional investors and hedge funds have recently modified their holdings of IOT. Bank of New York Mellon Corp bought a new stake in Samsara in the second quarter worth $35,702,000. USS Investment Management Ltd acquired a new position in Samsara during the first quarter worth $28,232,000. Wellington Management Group LLP raised its holdings in Samsara by 9.6% during the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock valued at $302,494,000 after buying an additional 813,922 shares in the last quarter. Bank of America Corp DE raised its holdings in Samsara by 41.5% during the first quarter. Bank of America Corp DE now owns 2,710,202 shares of the company’s stock valued at $85,886,000 after buying an additional 794,255 shares in the last quarter. Finally, Spyglass Capital Management LLC raised its holdings in Samsara by 25.5% during the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after buying an additional 599,651 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Truist Financial boosted their target price on Samsara from $38.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, September 4th. Wall Street Zen upgraded Samsara from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. BMO Capital Markets boosted their price target on Samsara from $44.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. Bank of America increased their price objective on Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Finally, KeyCorp increased their price objective on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.68.

Samsara Company Profile

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

The company’s products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.