Samsara (NYSE:IOT) CEO Sells 93,969 Shares of Company Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 93,969 shares of Samsara stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $41.39, for a total value of $3,889,376.91. Following the completion of the transaction, the chief executive officer directly owned 19,800 shares in the company, valued at $819,522. This represents a 82.60% decrease in their position. The sale 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.

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

• On Thursday, November 12th, Sanjit Biswas sold 66,560 shares of Samsara stock. The stock was sold at an average price of $41.44, for a total value of $2,758,246.40.
• 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 transaction of $3,132,262.45.
• 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 transaction of $4,980,587.94.
• On Thursday, October 29th, Sanjit Biswas sold 40,875 shares of Samsara stock. The stock was sold at an average price of $41.57, for a total transaction of $1,699,173.75.
• On Wednesday, October 28th, Sanjit Biswas sold 108,212 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total transaction 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 transaction of $2,764,542.54.
• On Wednesday, October 14th, Sanjit Biswas sold 103,110 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total transaction of $4,241,945.40.
• On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The shares were 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 stock was sold at an average price of $38.40, for a total transaction of $3,239,769.60.

Samsara Price Performance

Samsara stock traded up $0.06 during midday trading on Friday, reaching $41.38. The stock had a trading volume of 2,568,004 shares, compared to its average volume of 6,484,647. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The firm has a market cap of $24.23 billion, a price-to-earnings ratio of 258.62, a PEG ratio of 10.37 and a beta of 1.33. The firm’s fifty day simple moving average is $40.91 and its two-hundred day simple moving average is $34.70.

Samsara (NYSE:IOT) last announced its 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. The company had revenue of $508.44 million for the quarter, compared to the consensus estimate of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The company’s revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, sell-side analysts predict that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. KeyCorp increased their price objective on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Weiss Ratings raised Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Wells Fargo & Company lifted their target price on Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Cantor Fitzgerald assumed coverage on Samsara in a report on Monday, September 14th. They issued an “overweight” rating and a $45.00 target price on the stock. Finally, Wall Street Zen raised shares of Samsara from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Two 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.68.

Institutional Trading of Samsara

Several hedge funds and other institutional investors have recently modified their holdings of IOT. Three Bridge Wealth Advisors LLC purchased a new position in Samsara in the third quarter valued at about $29,000. Markowski Investments purchased a new stake in shares of Samsara during the 2nd quarter worth about $37,000. Parkside Financial Bank & Trust raised its stake in shares of Samsara by 91.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after purchasing an additional 656 shares in the last quarter. Capital Advisor Network LLC purchased a new stake in shares of Samsara during the 3rd quarter worth about $45,000. Finally, Anchor Investment Management LLC acquired a new stake in shares of Samsara during the 2nd quarter valued at about $46,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Company Profile

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.