Samsara (NYSE:IOT) Stock: Insider John Bicket Sells 66,895 Shares

Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 66,895 shares of the stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $41.45, for a total value of $2,772,797.75. Following the completion of the transaction, the insider directly owned 89,900 shares of the company’s stock, valued at approximately $3,726,355. The trade was a 42.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Bicket also recently made the following trade(s):

  • On Wednesday, November 11th, John Bicket sold 74,271 shares of Samsara stock. The shares were sold at an average price of $42.05, for a total value of $3,123,095.55.
  • On Tuesday, November 10th, John Bicket sold 93,862 shares of Samsara stock. The stock was sold at an average price of $41.39, for a total transaction of $3,884,948.18.
  • On Thursday, October 29th, John Bicket sold 42,507 shares of Samsara stock. The stock was sold at an average price of $41.58, for a total transaction of $1,767,441.06.
  • On Wednesday, October 28th, John Bicket sold 107,729 shares of Samsara stock. The shares were sold at an average price of $42.97, for a total transaction of $4,629,115.13.
  • On Tuesday, October 27th, John Bicket sold 113,664 shares of Samsara stock. The shares were sold at an average price of $43.38, for a total transaction of $4,930,744.32.
  • On Thursday, October 15th, John Bicket sold 65,209 shares of Samsara stock. The shares were sold at an average price of $42.27, for a total transaction of $2,756,384.43.
  • On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total transaction of $4,245,894.84.
  • On Tuesday, October 13th, John Bicket sold 95,485 shares of Samsara stock. The stock was sold at an average price of $41.87, for a total transaction of $3,997,956.95.
  • On Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The stock was sold at an average price of $38.83, for a total transaction of $796,908.09.
  • On Wednesday, September 30th, John Bicket sold 84,950 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total transaction of $3,262,080.00.

Samsara Price Performance

Shares of Samsara stock traded up $0.06 on Friday, hitting $41.38. The company had a trading volume of 2,568,004 shares, compared to its average volume of 3,664,249. The business has a 50-day simple moving average of $40.96 and a 200-day simple moving average of $34.75. The company has a market cap of $24.23 billion, a PE ratio of 258.62, a PEG ratio of 10.15 and a beta of 1.33. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47.

Samsara (NYSE:IOT – Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $483.29 million. During the same quarter last year, the business earned $0.12 earnings per share. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. 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 predict that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Trending Headlines about Samsara

Investors following IOT have been watching these headlines:

  • Positive Sentiment: Samsara launched what it describes as an industry-first 360-degree camera designed for open-cab equipment. The launch could broaden its equipment-monitoring offerings and appeal to customers operating in additional work environments. Samsara launches 360-degree camera article
  • Negative Sentiment: CEO Sanjit Biswas and insider John Bicket reported selling shares in transactions from Nov. 10–12, totaling roughly 470,000 shares based on the reported amounts. The sales could concern investors, though both were executed under pre-arranged Rule 10b5-1 plans, tempering the signal. John Bicket SEC filing Sanjit Biswas SEC filing

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IOT shares. Weiss Ratings upgraded Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. BTIG Research boosted their price objective on Samsara from $45.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Cantor Fitzgerald started coverage on Samsara in a report on Monday, September 14th. They issued an “overweight” rating and a $45.00 price objective for the company. BNP Paribas Exane raised their target price on Samsara from $40.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. Finally, Morgan Stanley raised their target price on Samsara from $43.00 to $49.00 and gave the company an “equal weight” rating in a research note on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Samsara currently has an average rating of “Moderate Buy” and a consensus target price of $51.68.

View Our Latest Report on IOT

Institutional Investors Weigh In On Samsara

Several hedge funds have recently modified their holdings of IOT. Entropy Technologies LP purchased a new stake in shares of Samsara during the third quarter valued at $3,377,000. Flputnam Investment Management Co. boosted its position in shares of Samsara by 8.3% in the 3rd quarter. Flputnam Investment Management Co. now owns 6,499 shares of the company’s stock valued at $248,000 after purchasing an additional 499 shares during the period. FORA Capital LLC purchased a new position in Samsara in the 3rd quarter worth about $896,000. State Board of Administration of Florida Retirement System increased its stake in Samsara by 8.8% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 285,335 shares of the company’s stock worth $10,880,000 after purchasing an additional 23,122 shares in the last quarter. Finally, Capital Advisor Network LLC purchased a new position in Samsara in the 3rd quarter worth about $45,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

About Samsara

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Samsara (NYSE:IOT)

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