Samsara (NYSE:IOT) CEO Sells $2,758,246.40 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 66,560 shares of the stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $41.44, for a total transaction of $2,758,246.40. Following the completion of the sale, the chief executive officer owned 89,900 shares in the company, valued at $3,725,456. This represents a 42.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanjit Biswas also recently made the following trade(s):

• On Wednesday, November 11th, Sanjit Biswas sold 74,489 shares of Samsara stock. The shares were sold at an average price of $42.05, for a total value of $3,132,262.45.
• On Tuesday, November 10th, Sanjit Biswas sold 93,969 shares of Samsara stock. The stock was sold at an average price of $41.39, for a total value of $3,889,376.91.
• On Tuesday, October 27th, Sanjit Biswas sold 114,813 shares of Samsara stock. The stock was sold at an average price of $43.38, for a total value of $4,980,587.94.
• On Thursday, October 29th, Sanjit Biswas sold 40,875 shares of Samsara stock. The shares were sold at an average price of $41.57, for a total value of $1,699,173.75.
• On Wednesday, October 28th, Sanjit Biswas sold 108,212 shares of Samsara stock. The shares were sold at an average price of $42.97, for a total value of $4,649,869.64.
• On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The stock was sold at an average price of $42.27, for a total value of $2,764,542.54.
• On Wednesday, October 14th, Sanjit Biswas sold 103,110 shares of Samsara stock. The stock was sold at an average price of $41.14, for a total value of $4,241,945.40.
• On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The stock was sold at an average price of $41.87, for a total transaction of $3,993,895.56.
• On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The shares were sold at an average price of $38.81, for a total transaction of $820,016.49.
• On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The shares were sold at an average price of $38.40, for a total transaction of $3,239,769.60.

Samsara Stock Performance

Samsara stock traded up $0.06 during mid-day trading on Friday, hitting $41.38. 2,568,004 shares of the company traded hands, compared to its average volume of 6,484,647. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The stock has a market cap of $24.23 billion, a price-to-earnings ratio of 258.62, a price-to-earnings-growth ratio of 10.37 and a beta of 1.33. The stock has a fifty day moving average price of $40.91 and a 200-day moving average price of $34.70.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 EPS. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Sell-side analysts predict that Samsara Inc. will post 0.13 EPS for the current year.

Institutional Investors Weigh In On Samsara

Hedge funds have recently made changes to their positions in the business. Apollon Wealth Management LLC grew its holdings in shares of Samsara by 0.7% during the 3rd quarter. Apollon Wealth Management LLC now owns 34,924 shares of the company’s stock valued at $1,332,000 after purchasing an additional 257 shares during the last quarter. Cim LLC raised its position in Samsara by 1.3% in the 1st quarter. Cim LLC now owns 34,505 shares of the company’s stock worth $1,093,000 after purchasing an additional 455 shares during the period. Lido Advisors LLC raised its position in Samsara by 1.4% in the 1st quarter. Lido Advisors LLC now owns 40,044 shares of the company’s stock worth $1,269,000 after purchasing an additional 534 shares during the period. GAMMA Investing LLC lifted its stake in Samsara by 22.4% in the third quarter. GAMMA Investing LLC now owns 3,502 shares of the company’s stock worth $134,000 after purchasing an additional 640 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Samsara by 91.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after purchasing an additional 656 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. TD Cowen lifted their price target on Samsara from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Wells Fargo & Company lifted their price target on Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Evercore reiterated an “outperform” rating and issued a $55.00 price objective on shares of Samsara in a report on Friday, September 4th. Finally, KeyCorp increased their price objective on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.68.

About Samsara

Samsara Inc. is a technology company that provides a cloud-based platform for managing connected operations. Its platform combines Internet of Things (IoT) devices, software and data analytics to help organizations monitor vehicles, equipment, worksites and other physical assets. The company’s products include vehicle telematics, fleet management tools, AI-enabled dash cameras, equipment monitoring and software for routing, driver safety and operational workflows. Its customers span industries such as transportation, construction, field services, manufacturing and the public sector.