Insider Selling: Samsara (NYSE:IOT) Director Sells 10,000 Shares

Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $42.09, for a total transaction of $420,900.00. Following the completion of the sale, the director owned 51,666 shares of the company’s stock, valued at $2,174,621.94. The trade was a 16.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Samsara Trading Down 1.6%

IOT traded down $0.66 during trading on Thursday, hitting $40.00. The stock had a trading volume of 3,605,598 shares, compared to its average volume of 7,541,922. The firm has a market cap of $23.31 billion, a PE ratio of 369.64, a P/E/G ratio of 10.01 and a beta of 1.35. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47. The company has a 50 day simple moving average of $38.56 and a 200-day simple moving average of $34.01.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IOT. Markowski Investments acquired a new stake in Samsara during the second quarter worth $37,000. Parkside Financial Bank & Trust raised its stake in shares of Samsara by 91.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock valued at $45,000 after buying an additional 656 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of Samsara in the 2nd quarter valued at $46,000. CX Institutional bought a new position in shares of Samsara during the 2nd quarter worth about $64,000. Finally, Leonteq Securities AG bought a new position in shares of Samsara during the 4th quarter worth about $76,000. 96.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

IOT has been the subject of a number of research analyst reports. Piper Sandler reiterated a “neutral” rating and set a $46.00 price target (up from $40.00) on shares of Samsara in a report 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. Jefferies Financial Group upgraded shares of Samsara to a “buy” rating in a research note on Thursday, June 11th. KeyCorp increased their price target on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Finally, Morgan Stanley raised their price target on shares of Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Samsara presently has a consensus rating of “Moderate Buy” and an average price target of $52.05.

About Samsara

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company’s products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.