Insider Selling: Samsara (NYSE:IOT) Director Sells $16,840,000.00 in Stock

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 500,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $33.68, for a total value of $16,840,000.00. Following the completion of the transaction, the director owned 2,870,147 shares in the company, valued at $96,666,550.96. The trade was a 14.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Samsara Price Performance

Shares of IOT stock traded up $1.31 on Friday, reaching $33.57. 6,753,631 shares of the stock were exchanged, compared to its average volume of 7,502,585. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The stock has a market cap of $19.50 billion, a PE ratio of 335.76, a P/E/G ratio of 7.63 and a beta of 1.34. The stock has a 50 day moving average price of $30.82 and a 200 day moving average price of $32.34.

Samsara (NYSE:IOT) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $455.21 million. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last 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. On average, research analysts expect that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Piper Sandler reiterated an “overweight” rating and set a $40.00 price target (up from $39.00) on shares of Samsara in a research report on Friday, June 5th. KeyCorp increased their price objective on shares of Samsara from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, March 6th. TD Cowen reaffirmed a “buy” rating on shares of Samsara in a research note on Friday, May 22nd. Weiss Ratings raised shares of Samsara from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. Finally, Truist Financial dropped their target price on shares of Samsara from $39.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Samsara presently has a consensus rating of “Moderate Buy” and an average target price of $46.53.

Institutional Investors Weigh In On Samsara

A number of hedge funds have recently modified their holdings of IOT. Evolutionary Tree Capital Management LLC acquired a new position in shares of Samsara in the 1st quarter valued at approximately $1,340,000. Bank of America Corp DE raised its holdings in Samsara by 41.5% during the 1st 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 period. Cim LLC lifted its stake in Samsara by 1.3% in the first quarter. Cim LLC now owns 34,505 shares of the company’s stock valued at $1,093,000 after buying an additional 455 shares in the last quarter. Spyglass Capital Management LLC lifted its stake in Samsara by 25.5% in the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after buying an additional 599,651 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Samsara by 36.5% in the first quarter. Sunbelt Securities Inc. now owns 11,400 shares of the company’s stock valued at $361,000 after buying an additional 3,050 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.