Samsara (NYSE:IOT) Director Sells $19,802,808.20 in Stock

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 613,660 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $32.27, for a total transaction of $19,802,808.20. Following the transaction, the director owned 2,256,487 shares in the company, valued at approximately $72,816,835.49. This trade represents a 21.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Samsara Stock Down 0.3%

Shares of Samsara stock opened at $33.57 on Monday. The company has a market cap of $19.50 billion, a price-to-earnings ratio of 335.76, a price-to-earnings-growth ratio of 7.86 and a beta of 1.34. The company’s 50 day moving average is $30.85 and its 200 day moving average is $32.32. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $478.84 million for the quarter, compared to the consensus estimate of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. Sell-side analysts expect that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IOT. Wolfe Research restated an “outperform” rating on shares of Samsara in a research report on Thursday. The Goldman Sachs Group set a $45.00 price objective on shares of Samsara in a research report on Monday, March 2nd. Jefferies Financial Group raised shares of Samsara to a “buy” rating in a report on Thursday. Evercore reaffirmed an “outperform” rating on shares of Samsara in a report on Friday, March 6th. Finally, BMO Capital Markets upped their target price on shares of Samsara from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.53.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acumen Wealth Advisors LLC purchased a new stake in Samsara during the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Samsara by 312.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after purchasing an additional 669 shares in the last quarter. AlphaCentric Advisors LLC purchased a new stake in shares of Samsara in the fourth quarter worth $36,000. Optiver Holding B.V. increased its stake in shares of Samsara by 953.2% in the third quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock worth $44,000 after purchasing an additional 1,058 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Samsara by 194.4% in the third quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock worth $47,000 after purchasing an additional 828 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Company Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.