Samsara (NYSE:IOT) Stock: Insider Benjamin Louis Kirchhoff Sells 770 Shares

Samsara Inc. (NYSE:IOT) CAO Benjamin Kirchhoff sold 770 shares of the stock in a transaction on Monday, October 19th. The shares were sold at an average price of $39.79, for a total value of $30,638.30. Following the completion of the transaction, the chief accounting officer owned 148,151 shares of the company’s stock, valued at $5,894,928.29. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The stock was sold at an average price of $40.40, for a total value of $87,466.00.
• On Friday, September 18th, Benjamin Kirchhoff sold 770 shares of Samsara stock. The stock was sold at an average price of $40.42, for a total value of $31,123.40.
• On Tuesday, September 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The shares were sold at an average price of $42.55, for a total transaction of $92,120.75.

Samsara Trading Up 1.2%

IOT stock opened at $43.74 on Friday. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The firm has a 50-day moving average of $40.13 and a two-hundred day moving average of $35.59. The firm has a market capitalization of $25.62 billion, a PE ratio of 273.40, a P/E/G ratio of 10.62 and a beta of 1.35.

Samsara (NYSE:IOT) last released its earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping 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 the consensus estimate of $483.29 million. During the same period last year, the firm posted $0.12 earnings per share. The firm’s quarterly 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, equities research analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IOT. Markowski Investments acquired a new position in Samsara in the 2nd quarter valued at approximately $37,000. Parkside Financial Bank & Trust lifted its position in Samsara by 91.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after buying an additional 656 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Samsara during the 2nd quarter valued at $46,000. CX Institutional acquired a new stake in shares of Samsara during the 2nd quarter valued at $64,000. Finally, Westwind Capital purchased a new position in shares of Samsara during the 3rd quarter valued at $64,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Samsara from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. TD Cowen raised their target price on Samsara from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Wells Fargo & Company raised their target price on Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Craig Hallum reiterated a “buy” rating and set a $54.00 price target on shares of Samsara in a report on Friday, September 4th. Finally, Royal Bank Of Canada upped their price target on Samsara from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.68.

Samsara Company Profile

Samsara, Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its Samsara Connected Operations Cloud combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, facilities and frontline operations.

The company’s products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.