Insider Selling: Samsara (NYSE:IOT) Director Sells 10,000 Shares of Stock

Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick sold 10,000 shares of Samsara stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $33.47, for a total transaction of $334,700.00. Following the transaction, the director directly owned 43,865 shares of the company’s stock, valued at approximately $1,468,161.55. This represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Samsara Stock Down 3.2%

Samsara stock traded down $1.05 during midday trading on Wednesday, reaching $31.60. The stock had a trading volume of 6,567,392 shares, compared to its average volume of 7,461,667. The firm has a market cap of $18.35 billion, a price-to-earnings ratio of 316.04, a price-to-earnings-growth ratio of 7.84 and a beta of 1.34. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47. The company has a fifty day moving average of $30.89 and a 200 day moving average of $32.26.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $478.84 million during the quarter, compared to analyst estimates of $455.21 million. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Equities research analysts predict that Samsara Inc. will post 0.15 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. grew its holdings in Samsara by 15.0% during the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock worth $1,689,565,000 after acquiring an additional 6,208,553 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Samsara by 58.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after purchasing an additional 4,401,082 shares in the last quarter. Norges Bank bought a new position in shares of Samsara during the fourth quarter valued at approximately $127,415,000. Vanguard Group Inc. boosted its stake in shares of Samsara by 11.5% during the fourth quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after purchasing an additional 3,417,849 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in shares of Samsara by 42.1% during the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after purchasing an additional 3,322,023 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on IOT shares. Zacks Research downgraded Samsara from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. UBS Group reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Samsara in a research report on Friday, March 6th. Wolfe Research reaffirmed an “outperform” rating on shares of Samsara in a research report on Thursday, June 11th. Royal Bank Of Canada upped their price target on shares of Samsara from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Finally, Wells Fargo & Company upped their price target on shares of Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Samsara currently has a consensus rating of “Moderate Buy” and an average target price of $46.53.

About Samsara

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.