Samsara (NYSE:IOT) CEO Sanjit Biswas Sells 19,095 Shares

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 19,095 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $35.09, for a total value of $670,043.55. Following the completion of the sale, the chief executive officer directly owned 1,559,671 shares in the company, valued at approximately $54,728,855.39. This represents a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Tuesday, July 7th, Sanjit Biswas sold 244,805 shares of Samsara stock. The shares were sold at an average price of $36.77, for a total value of $9,001,479.85.
• On Thursday, May 28th, Sanjit Biswas sold 31,081 shares of Samsara stock. The shares were sold at an average price of $31.21, for a total transaction of $970,038.01.
• On Wednesday, May 27th, Sanjit Biswas sold 128,159 shares of Samsara stock. The stock was sold at an average price of $30.03, for a total transaction of $3,848,614.77.
• On Tuesday, May 26th, Sanjit Biswas sold 104,660 shares of Samsara stock. The stock was sold at an average price of $31.10, for a total transaction of $3,254,926.00.
• On Wednesday, May 13th, Sanjit Biswas sold 95,628 shares of Samsara stock. The shares were sold at an average price of $27.47, for a total transaction of $2,626,901.16.
• On Tuesday, May 12th, Sanjit Biswas sold 168,272 shares of Samsara stock. The stock was sold at an average price of $28.58, for a total transaction of $4,809,213.76.
• On Thursday, April 30th, Sanjit Biswas sold 72,958 shares of Samsara stock. The stock was sold at an average price of $28.49, for a total transaction of $2,078,573.42.
• On Wednesday, April 29th, Sanjit Biswas sold 87,067 shares of Samsara stock. The stock was sold at an average price of $29.05, for a total value of $2,529,296.35.
• On Tuesday, April 28th, Sanjit Biswas sold 103,875 shares of Samsara stock. The stock was sold at an average price of $29.50, for a total value of $3,064,312.50.
• On Wednesday, April 15th, Sanjit Biswas sold 96,562 shares of Samsara stock. The shares were sold at an average price of $27.98, for a total value of $2,701,804.76.

Samsara Stock Performance

Shares of NYSE IOT traded up $0.50 during trading on Thursday, reaching $36.94. The company had a trading volume of 4,184,582 shares, compared to its average volume of 7,315,590. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The business’s 50 day moving average price is $32.11 and its 200-day moving average price is $31.43. The stock has a market cap of $21.52 billion, a PE ratio of 369.40, a PEG ratio of 8.52 and a beta of 1.35.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $478.84 million for the quarter, compared to the consensus estimate of $455.21 million. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the prior 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. Equities analysts anticipate that Samsara Inc. will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On Samsara

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its position in shares of Samsara by 18.8% in the 4th quarter. Nordea Investment Management AB now owns 2,467,232 shares of the company’s stock valued at $88,228,000 after acquiring an additional 389,751 shares during the period. USS Investment Management Ltd bought a new stake in Samsara in the first quarter valued at approximately $28,232,000. Delta Global Management LP acquired a new stake in Samsara in the third quarter worth $2,323,000. Allen Operations LLC boosted its position in shares of Samsara by 83.3% during the fourth quarter. Allen Operations LLC now owns 66,020 shares of the company’s stock worth $2,340,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Samsara by 17.8% during the fourth quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock worth $219,035,000 after purchasing an additional 935,855 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on IOT shares. TD Cowen reiterated a “buy” rating and issued a $45.00 price objective on shares of Samsara in a research report on Thursday, June 25th. BTIG Research reiterated a “buy” rating and set a $45.00 price target on shares of Samsara in a research report on Friday, June 26th. KeyCorp reissued an “overweight” rating on shares of Samsara in a research note on Friday, June 26th. Jefferies Financial Group upgraded shares of Samsara to a “buy” rating in a report on Thursday, June 11th. Finally, Wells Fargo & Company raised their price objective on shares of Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.94.

Samsara Company Profile

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.