Samsara (NYSE:IOT) CEO Sells 114,813 Shares of Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 114,813 shares of Samsara stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $43.38, for a total value of $4,980,587.94. Following the completion of the transaction, the chief executive officer directly owned 30,400 shares of the company’s stock, valued at approximately $1,318,752. This trade represents a 79.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 29th, Sanjit Biswas sold 40,875 shares of Samsara stock. The shares were sold at an average price of $41.57, for a total value of $1,699,173.75.
• On Wednesday, October 28th, Sanjit Biswas sold 108,212 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total value of $4,649,869.64.
• On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The stock was sold at an average price of $42.27, for a total value of $2,764,542.54.
• On Wednesday, October 14th, Sanjit Biswas sold 103,110 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total value of $4,241,945.40.
• On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The stock was sold at an average price of $41.87, for a total value of $3,993,895.56.
• On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The stock was 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 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 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 transaction of $3,717,575.26.

Samsara Stock Down 3.5%

IOT traded down $1.50 during midday trading on Thursday, hitting $41.51. The company had a trading volume of 4,524,182 shares, compared to its average volume of 6,644,581. The stock’s 50 day moving average price is $40.48 and its 200 day moving average price is $34.22. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The company has a market capitalization of $24.31 billion, a price-to-earnings ratio of 259.41, a PEG ratio of 11.03 and a beta of 1.35.

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

Institutional Investors Weigh In On Samsara

Several institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in Samsara by 9.6% in the 2nd 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 during the last quarter. Spyglass Capital Management LLC boosted its holdings in Samsara by 4.7% during the 2nd quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company’s stock worth $100,068,000 after acquiring an additional 139,009 shares during the last quarter. Bank of America Corp DE boosted its holdings in Samsara by 41.5% during the 1st quarter. Bank of America Corp DE now owns 2,710,202 shares of the company’s stock worth $85,886,000 after acquiring an additional 794,255 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Samsara by 3.3% in the 1st quarter. Bessemer Group Inc. now owns 1,675,509 shares of the company’s stock worth $53,097,000 after acquiring an additional 53,576 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Samsara by 64.3% in the 1st quarter. First Trust Advisors LP now owns 1,494,291 shares of the company’s stock worth $47,354,000 after acquiring an additional 584,854 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

IOT has been the subject of a number of research reports. BMO Capital Markets raised their price objective on Samsara from $44.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. Craig Hallum reaffirmed a “buy” rating and set a $54.00 target price on shares of Samsara in a research report on Friday, September 4th. Morgan Stanley increased 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. BNP Paribas Exane lifted their price target on shares of Samsara from $40.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Finally, Piper Sandler restated a “neutral” rating and set a $46.00 price target (up from $40.00) on shares of Samsara in a research note on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Samsara presently has an average rating of “Moderate Buy” and a consensus 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.