Benjamin Louis Kirchhoff Sells 2,165 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) CAO Benjamin Kirchhoff sold 2,165 shares of Samsara stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $42.55, for a total transaction of $92,120.75. Following the completion of the transaction, the chief accounting officer owned 151,856 shares of the company’s stock, valued at $6,461,472.80. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Benjamin Louis Kirchhoff also recently made the following trade(s):

• On Monday, July 20th, Benjamin Kirchhoff sold 960 shares of Samsara stock. The stock was sold at an average price of $37.70, for a total value of $36,192.00.

Samsara Stock Performance

Shares of NYSE IOT opened at $39.58 on Friday. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The stock has a market cap of $23.06 billion, a PE ratio of 247.36, a price-to-earnings-growth ratio of 9.82 and a beta of 1.35. The stock has a fifty day moving average of $38.68 and a 200-day moving average of $34.13.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping 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 business had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. During the same quarter last year, the company earned $0.12 EPS. 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. On average, sell-side analysts predict that Samsara Inc. will post 0.13 EPS for the current year.

Hedge Funds Weigh In On Samsara

Large investors have recently bought and sold shares of the stock. USS Investment Management Ltd purchased a new stake in Samsara during the 1st quarter valued at $28,232,000. Spyglass Capital Management LLC grew its stake in shares of Samsara by 25.5% in the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock worth $93,379,000 after purchasing an additional 599,651 shares during the last quarter. Allen Operations LLC grew its stake in shares of Samsara by 83.3% in 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 during the last quarter. Geode Capital Management LLC increased its holdings in Samsara by 17.8% during the 4th quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock valued at $219,035,000 after purchasing an additional 935,855 shares during the period. Finally, Brown Advisory Inc. raised its position in Samsara by 42.1% during the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after purchasing an additional 3,322,023 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IOT has been the topic of several research reports. BNP Paribas Exane raised their price objective 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. BMO Capital Markets raised their price objective on Samsara from $44.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, September 4th. KeyCorp boosted their target price on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Cantor Fitzgerald started coverage on shares of Samsara in a research report on Monday. They set an “overweight” rating and a $45.00 price target on the stock. Finally, Bank of America lifted their price target on shares of Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Samsara currently has an average rating of “Moderate Buy” and a consensus price target of $52.05.

Samsara Company Profile

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.