Samsara (NYSE:IOT) Insider Sells 17,909 Shares of Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 17,909 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $41.47, for a total value of $742,686.23. Following the transaction, the insider directly owned 1,006,530 shares in the company, valued at approximately $41,740,799.10. This represents a 1.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dominic Phillips also recently made the following trade(s):

• On Monday, November 2nd, Dominic Phillips sold 11,710 shares of Samsara stock. The stock was sold at an average price of $41.47, for a total value of $485,613.70.
• On Thursday, October 1st, Dominic Phillips sold 17,908 shares of Samsara stock. The shares were sold at an average price of $38.97, for a total value of $697,874.76.
• On Thursday, October 1st, Dominic Phillips sold 12,064 shares of Samsara stock. The shares were sold at an average price of $38.97, for a total value of $470,134.08.
• On Friday, September 4th, Dominic Phillips sold 17,909 shares of Samsara stock. The stock was sold at an average price of $44.25, for a total value of $792,473.25.
• On Friday, September 4th, Dominic Phillips sold 11,710 shares of Samsara stock. The stock was sold at an average price of $44.25, for a total value of $518,167.50.

Samsara Price Performance

NYSE:IOT traded up $1.72 during mid-day trading on Wednesday, reaching $42.83. The company’s stock had a trading volume of 4,041,128 shares, compared to its average volume of 6,593,125. The company’s fifty day simple moving average is $40.64 and its two-hundred day simple moving average is $34.38. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The stock has a market cap of $25.08 billion, a P/E ratio of 267.69, a P/E/G ratio of 10.29 and a beta of 1.33.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The company had revenue of $508.44 million during the quarter, compared to analysts’ expectations of $483.29 million. During the same quarter in the previous year, the business earned $0.12 EPS. The firm’s revenue 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. Sell-side analysts expect that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on IOT. Craig Hallum reissued a “buy” rating and issued a $54.00 target price on shares of Samsara in a research report on Friday, September 4th. Cantor Fitzgerald assumed coverage on shares of Samsara in a research report on Monday, September 14th. They set an “overweight” rating and a $45.00 price target for the company. Jefferies Financial Group began coverage on shares of Samsara in a research report on Sunday, October 4th. They set a “buy” rating and a $50.00 price target for the company. Wells Fargo & Company increased their price target on shares of Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Finally, Royal Bank Of Canada lifted their price target on shares of Samsara from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Samsara currently has an average rating of “Moderate Buy” and a consensus target price of $51.68.

Institutional Investors Weigh In On Samsara

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fulcrum Asset Management LLP raised its holdings in shares of Samsara by 30,382.9% in the 3rd quarter. Fulcrum Asset Management LLP now owns 32,007 shares of the company’s stock worth $1,215,000 after purchasing an additional 31,902 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Samsara in the 3rd quarter valued at about $19,492,000. Candriam S.C.A. grew its holdings in shares of Samsara by 38.0% during the 3rd quarter. Candriam S.C.A. now owns 37,834 shares of the company’s stock worth $1,448,000 after purchasing an additional 10,422 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Samsara by 26.0% during the 3rd quarter. Pictet Asset Management Holding SA now owns 2,660,574 shares of the company’s stock worth $101,448,000 after purchasing an additional 548,698 shares during the period. Finally, Parallel Advisors LLC grew its holdings in shares of Samsara by 98.6% during the 3rd quarter. Parallel Advisors LLC now owns 4,723 shares of the company’s stock worth $180,000 after purchasing an additional 2,345 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

About Samsara

Samsara, Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its Samsara Connected Operations Cloud combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, facilities and frontline operations.

The company’s products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.