Samsara (NYSE:IOT) Stock: Insider John Bicket Sells 74,271 Shares

Samsara Inc. (NYSE:IOT) insider John Bicket sold 74,271 shares of the company’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $42.05, for a total value of $3,123,095.55. Following the sale, the insider owned 95,501 shares of the company’s stock, valued at $4,015,817.05. This represents a 43.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Bicket also recently made the following trade(s):

• On Thursday, November 12th, John Bicket sold 66,895 shares of Samsara stock. The shares were sold at an average price of $41.45, for a total value of $2,772,797.75.
• On Tuesday, November 10th, John Bicket sold 93,862 shares of Samsara stock. The shares were sold at an average price of $41.39, for a total value of $3,884,948.18.
• On Thursday, October 29th, John Bicket sold 42,507 shares of Samsara stock. The stock was sold at an average price of $41.58, for a total value of $1,767,441.06.
• On Wednesday, October 28th, John Bicket sold 107,729 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total transaction of $4,629,115.13.
• On Tuesday, October 27th, John Bicket sold 113,664 shares of Samsara stock. The shares were sold at an average price of $43.38, for a total transaction of $4,930,744.32.
• On Thursday, October 15th, John Bicket sold 65,209 shares of Samsara stock. The shares were sold at an average price of $42.27, for a total transaction of $2,756,384.43.
• On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total transaction of $4,245,894.84.
• On Tuesday, October 13th, John Bicket sold 95,485 shares of Samsara stock. The stock was sold at an average price of $41.87, for a total transaction of $3,997,956.95.
• On Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The stock was sold at an average price of $38.83, for a total transaction of $796,908.09.
• On Wednesday, September 30th, John Bicket sold 84,950 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total transaction of $3,262,080.00.

Samsara Stock Up 0.1%

Shares of IOT stock traded up $0.06 during mid-day trading on Friday, reaching $41.38. The company’s stock had a trading volume of 2,568,004 shares, compared to its average volume of 6,484,647. The company’s 50 day simple moving average is $40.91 and its 200-day simple moving average is $34.70. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47. The firm has a market capitalization of $24.23 billion, a PE ratio of 258.62, a price-to-earnings-growth ratio of 10.37 and a beta of 1.33.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share 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 analyst estimates of $483.29 million. During the same quarter in the previous year, the business posted $0.12 EPS. The business’s quarterly 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. As a group, research analysts anticipate that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on IOT shares. BMO Capital Markets boosted their price objective on Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. JPMorgan Chase & Co. increased their target price on Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Piper Sandler reiterated a “neutral” rating and set a $46.00 target price (up from $40.00) on shares of Samsara in a report on Friday, September 4th. Wells Fargo & Company boosted their price target on Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Finally, Morgan Stanley boosted their price target on Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.68.

Hedge Funds Weigh In On Samsara

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IOT. Three Bridge Wealth Advisors LLC acquired a new stake in shares of Samsara during the third quarter valued at about $29,000. Markowski Investments acquired a new position in shares of Samsara in the second quarter worth about $37,000. Capital Advisor Network LLC acquired a new position in shares of Samsara in the third quarter worth about $45,000. Parkside Financial Bank & Trust boosted its holdings in Samsara by 91.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock valued at $45,000 after purchasing an additional 656 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new position in Samsara in the second quarter valued at about $46,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

About Samsara

Samsara Inc. is a technology company that provides a cloud-based platform for managing connected operations. Its platform combines Internet of Things (IoT) devices, software and data analytics to help organizations monitor vehicles, equipment, worksites and other physical assets. The company’s products include vehicle telematics, fleet management tools, AI-enabled dash cameras, equipment monitoring and software for routing, driver safety and operational workflows. Its customers span industries such as transportation, construction, field services, manufacturing and the public sector.