Samsara Inc. (NYSE:IOT – Get Free Report) CAO Benjamin Louis Kirchhoff sold 960 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $37.70, for a total transaction of $36,192.00. Following the completion of the sale, the chief accounting officer directly owned 162,800 shares of the company’s stock, valued at $6,137,560. The trade was a 0.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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, June 15th, Benjamin Louis Kirchhoff sold 2,549 shares of Samsara stock. The shares were sold at an average price of $33.74, for a total transaction of $86,003.26.
- On Wednesday, May 13th, Benjamin Louis Kirchhoff sold 2,554 shares of Samsara stock. The shares were sold at an average price of $27.47, for a total transaction of $70,158.38.
Samsara Stock Up 6.5%
Shares of NYSE:IOT opened at $37.63 on Wednesday. The firm has a 50 day moving average of $34.01 and a 200 day moving average of $31.43. The company has a market capitalization of $21.93 billion, a price-to-earnings ratio of 376.38, a price-to-earnings-growth ratio of 7.93 and a beta of 1.35. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Wolfe Research reiterated an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. Morgan Stanley set a $43.00 price target on shares of Samsara in a research report on Tuesday, July 21st. BTIG Research restated a “buy” rating and issued a $45.00 price target on shares of Samsara in a report on Friday, June 26th. Wells Fargo & Company lifted their price objective on shares of Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Finally, Royal Bank Of Canada boosted their price objective on shares of Samsara from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.33.
View Our Latest Research Report on Samsara
Institutional Investors Weigh In On Samsara
Institutional investors have recently added to or reduced their stakes in the business. Acumen Wealth Advisors LLC purchased a new stake in shares of Samsara during the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of Samsara by 312.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after purchasing an additional 669 shares during the last quarter. AlphaCentric Advisors LLC purchased a new position in shares of Samsara in the 4th quarter valued at approximately $36,000. IFP Advisors Inc boosted its stake in Samsara by 194.4% in the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock worth $47,000 after purchasing an additional 828 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Samsara in the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 96.02% of the company’s stock.
Key Samsara News
Here are the key news stories impacting Samsara this week:
- Positive Sentiment: Technical momentum improved: Samsara reclaimed its 50-day moving average, a signal that can indicate a developing short-term bullish trend. Samsara reclaimed the 50-day moving average
- Positive Sentiment: Longer-term trend turned more constructive: IOT also crossed above its 200-day moving average, a widely followed technical threshold that may attract momentum-oriented investors and suggest improving long-term sentiment. Samsara crossed the 200-day moving average
- Neutral Sentiment: Small accounting-officer sale: Chief Accounting Officer Benjamin Louis Kirchhoff sold 960 shares for approximately $36,192, reducing his holdings by 0.59%. The transaction was made under a Rule 10b5-1 plan, making it a limited signal of management’s current outlook. Kirchhoff insider sale filing
- Negative Sentiment: Large insider sales could weigh on sentiment: CEO Sanjit Biswas sold a combined 265,900 shares for about $9.53 million, while insider John Bicket sold a combined 263,900 shares for roughly $9.53 million. Each reduced ownership by about 71% in the July 21 transactions, though the sales were pre-planned under Rule 10b5-1. Additional sales the following day by both executives were smaller but add to the selling narrative. Biswas insider sale filings Bicket insider sale filings
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.
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