Insider Selling: Samsara (NYSE:IOT) CAO Sells 2,554 Shares of Stock

Samsara Inc. (NYSE:IOT) CAO Benjamin Louis Kirchhoff sold 2,554 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $27.47, for a total value of $70,158.38. Following the completion of the sale, the chief accounting officer owned 111,704 shares of the company’s stock, valued at approximately $3,068,508.88. This represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Benjamin Louis Kirchhoff also recently made the following trade(s):

• On Monday, April 13th, Benjamin Louis Kirchhoff sold 2,480 shares of Samsara stock. The stock was sold at an average price of $26.02, for a total transaction of $64,529.60.
• On Tuesday, February 17th, Benjamin Louis Kirchhoff sold 1,731 shares of Samsara stock. The shares were sold at an average price of $26.64, for a total transaction of $46,113.84.

Samsara Price Performance

Shares of Samsara stock traded up $0.47 during trading on Thursday, hitting $27.99. The stock had a trading volume of 4,502,457 shares, compared to its average volume of 7,553,471. The firm’s fifty day simple moving average is $30.60 and its 200-day simple moving average is $33.22. The stock has a market cap of $16.25 billion, a PE ratio of -1,398.75, a PEG ratio of 10.30 and a beta of 1.29. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $48.40.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.72%. The company had revenue of $444.30 million for the quarter, compared to the consensus estimate of $422.29 million. During the same period in the prior year, the firm posted $0.11 EPS. The firm’s revenue was up 28.3% compared to the same quarter last year. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. Analysts expect that Samsara Inc. will post 0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Samsara

Several hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Samsara by 77.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,254,257 shares of the company’s stock valued at $39,747,000 after purchasing an additional 546,082 shares in the last quarter. Capula Management Ltd bought a new position in Samsara in the first quarter worth approximately $2,354,000. Sei Investments Co. lifted its holdings in Samsara by 25.6% during the first quarter. Sei Investments Co. now owns 1,124,032 shares of the company’s stock worth $35,621,000 after buying an additional 228,894 shares during the period. Lido Advisors LLC boosted its position in Samsara by 1.4% during the 1st quarter. Lido Advisors LLC now owns 40,044 shares of the company’s stock valued at $1,269,000 after acquiring an additional 534 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Samsara by 23.3% during the 1st quarter. Cetera Investment Advisers now owns 92,028 shares of the company’s stock valued at $2,916,000 after acquiring an additional 17,365 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IOT. Truist Financial decreased their price target on Samsara from $39.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, February 17th. KeyCorp upped their price objective on Samsara from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. BTIG Research decreased their target price on Samsara from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Piper Sandler reissued an “overweight” rating and set a $39.00 target price (up from $37.00) on shares of Samsara in a research note on Friday, March 6th. Finally, Zacks Research cut shares of Samsara from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Samsara has a consensus rating of “Moderate Buy” and an average target price of $46.18.

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.