Samsara (NYSE:IOT) Director Marc Andreessen Sells 567,827 Shares of Stock

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 567,827 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $34.09, for a total value of $19,357,222.43. Following the sale, the director owned 3,945,147 shares in the company, valued at approximately $134,490,061.23. This trade represents a 12.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Samsara Price Performance

Shares of Samsara stock traded down $1.06 on Wednesday, reaching $32.56. The company had a trading volume of 5,974,143 shares, compared to its average volume of 7,512,456. The firm has a market cap of $18.91 billion, a price-to-earnings ratio of 325.61, a P/E/G ratio of 15.50 and a beta of 1.34. The firm’s 50-day moving average price is $30.77 and its two-hundred day moving average price is $32.39. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $478.84 million during the quarter, compared to analysts’ expectations of $455.21 million. Samsara had a return on equity of 2.07% and a net margin of 3.32%.The company’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. As a group, analysts anticipate that Samsara Inc. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Samsara

A number of large investors have recently bought and sold shares of IOT. Acumen Wealth Advisors LLC purchased a new position in Samsara during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in Samsara by 312.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after acquiring an additional 669 shares during the period. AlphaCentric Advisors LLC purchased a new position in Samsara during the 4th quarter valued at $36,000. Optiver Holding B.V. boosted its holdings in Samsara by 953.2% during the 3rd quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock valued at $44,000 after acquiring an additional 1,058 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Samsara by 194.4% during the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock valued at $47,000 after acquiring an additional 828 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on IOT shares. BTIG Research reiterated a “buy” rating and issued a $45.00 target price on shares of Samsara in a report on Friday, June 5th. Truist Financial dropped their target price on Samsara from $39.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, February 17th. Weiss Ratings upgraded Samsara from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their target price on Samsara from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $46.53.

About Samsara

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.