Samsara (NYSE:IOT) Director Sells $19,619,000.00 in Stock

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 575,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $34.12, for a total transaction of $19,619,000.00. Following the transaction, the director owned 3,370,147 shares of the company’s stock, valued at $114,989,415.64. This represents a 14.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Samsara Stock Up 4.1%

Shares of NYSE:IOT opened at $33.57 on Friday. The firm has a market capitalization of $19.50 billion, a PE ratio of 335.76, a P/E/G ratio of 7.54 and a beta of 1.34. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The company has a 50-day moving average price of $30.85 and a two-hundred day moving average price of $32.35.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $478.84 million during the quarter, compared to analyst estimates of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The company’s quarterly revenue was up 30.5% on a year-over-year basis. 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. Analysts anticipate that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Samsara

A number of large investors have recently modified their holdings of IOT. Brighton Jones LLC bought a new position in shares of Samsara in the fourth quarter valued at approximately $13,464,000. Royal Bank of Canada boosted its position in shares of Samsara by 100.3% in the first quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock valued at $3,686,000 after acquiring an additional 48,135 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Samsara by 2,444.6% in the first quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock valued at $682,000 after acquiring an additional 17,088 shares during the period. Empowered Funds LLC boosted its position in shares of Samsara by 3.4% in the first quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock valued at $390,000 after acquiring an additional 335 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Samsara by 142.4% in the second quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock valued at $2,739,000 after acquiring an additional 40,450 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IOT. BTIG Research reiterated a “buy” rating and set a $45.00 target price on shares of Samsara in a research report on Friday, June 5th. Royal Bank Of Canada increased their target price on shares of Samsara from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Weiss Ratings upgraded shares of Samsara from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. Evercore reiterated an “outperform” rating on shares of Samsara in a research report on Friday, March 6th. Finally, Wolfe Research restated an “outperform” rating on shares of Samsara in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock 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.