Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 93,862 shares of the business’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $41.39, for a total value of $3,884,948.18. Following the completion of the sale, the insider owned 19,800 shares in the company, valued at approximately $819,522. This trade represents a 82.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Bicket also recently made the following trade(s):
- On Thursday, November 12th, John Bicket sold 66,895 shares of Samsara stock. The stock was sold at an average price of $41.45, for a total value of $2,772,797.75.
- On Wednesday, November 11th, John Bicket sold 74,271 shares of Samsara stock. The stock was sold at an average price of $42.05, for a total value of $3,123,095.55.
- 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 IOT traded up $0.06 during mid-day trading on Friday, hitting $41.38. 2,568,004 shares of the company’s stock were exchanged, compared to its average volume of 3,664,249. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The company has a market cap of $24.23 billion, a PE ratio of 258.62, a P/E/G ratio of 10.15 and a beta of 1.33. The company has a 50-day simple moving average of $40.96 and a 200 day simple moving average of $34.75.
Samsara (NYSE:IOT – Get Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business 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 firm’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. 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, analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current year.
Key Stories Impacting Samsara
These are some of the IOT stories that stood out recently:
- 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
Institutional Investors Weigh In On Samsara
A number of institutional investors and hedge funds have recently made changes to their positions in IOT. Wellington Management Group LLP boosted its holdings in shares of Samsara by 9.6% in the 2nd quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock valued at $302,494,000 after buying an additional 813,922 shares during the last quarter. Spyglass Capital Management LLC increased its holdings in Samsara by 4.7% during the second quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company’s stock worth $100,068,000 after buying an additional 139,009 shares during the last quarter. Bank of America Corp DE increased its holdings in Samsara by 41.5% during the first quarter. Bank of America Corp DE now owns 2,710,202 shares of the company’s stock worth $85,886,000 after buying an additional 794,255 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in Samsara by 26.0% during the third quarter. Pictet Asset Management Holding SA now owns 2,660,574 shares of the company’s stock worth $101,448,000 after buying an additional 548,698 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in Samsara by 14.8% during the third quarter. Voya Investment Management LLC now owns 2,533,060 shares of the company’s stock worth $96,586,000 after buying an additional 326,692 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on IOT shares. Morgan Stanley lifted their price target on shares of Samsara from $43.00 to $49.00 and gave the company an “equal weight” rating in a research note on Friday, September 4th. Guggenheim increased their price objective on shares of Samsara from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Craig Hallum restated a “buy” rating and issued a $54.00 price objective on shares of Samsara in a report on Friday, September 4th. JPMorgan Chase & Co. raised their price objective on Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, September 4th. Finally, Truist Financial lifted their target price on Samsara from $38.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently 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 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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