Samsara (NYSE:IOT) Insider John Bicket Sells 65,209 Shares of Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 65,209 shares of Samsara stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $42.27, for a total transaction of $2,756,384.43. Following the transaction, the insider directly owned 769,398 shares in the company, valued at approximately $32,522,453.46. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a 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.

John Bicket also recently made the following trade(s):

• On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The stock was sold at an average price of $41.14, for a total transaction of $4,245,894.84.
• On Tuesday, October 13th, John Bicket sold 95,485 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total transaction of $3,997,956.95.
• On Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The shares were sold at an average price of $38.83, for a total transaction of $796,908.09.
• On Wednesday, September 30th, John Bicket sold 84,950 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total transaction of $3,262,080.00.
• On Tuesday, September 29th, John Bicket sold 158,427 shares of Samsara stock. The shares were sold at an average price of $37.73, for a total value of $5,977,450.71.
• On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The shares were sold at an average price of $39.44, for a total value of $1,362,928.08.
• On Wednesday, August 19th, John Bicket sold 93,365 shares of Samsara stock. The shares were sold at an average price of $39.93, for a total value of $3,728,064.45.
• On Tuesday, August 18th, John Bicket sold 135,978 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total value of $5,437,760.22.
• On Thursday, August 6th, John Bicket sold 57,267 shares of Samsara stock. The stock was sold at an average price of $37.89, for a total transaction of $2,169,846.63.
• On Wednesday, August 5th, John Bicket sold 87,079 shares of Samsara stock. The stock was sold at an average price of $38.64, for a total transaction of $3,364,732.56.

Samsara Trading Up 4.4%

IOT stock traded up $1.81 during trading on Thursday, reaching $42.61. The stock had a trading volume of 3,214,883 shares, compared to its average volume of 4,813,616. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47. The company has a market capitalization of $24.95 billion, a P/E ratio of 266.32, a PEG ratio of 10.02 and a beta of 1.35. The firm has a fifty day moving average price of $39.89 and a 200 day moving average price of $35.14.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. The company had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The company’s revenue was up 29.9% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. 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 predict that Samsara Inc. will post 0.13 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, September 4th. BMO Capital Markets raised their price objective on Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Evercore reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Samsara in a report on Friday, September 4th. BNP Paribas Exane boosted their price objective on shares of Samsara from $40.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Finally, Morgan Stanley upped their price objective on Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.68.

Institutional Trading of Samsara

Large investors have recently added to or reduced their stakes in the business. Markowski Investments acquired a new position in Samsara during the 2nd quarter worth $37,000. Parkside Financial Bank & Trust grew its stake in shares of Samsara by 91.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after purchasing an additional 656 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of Samsara during the second quarter valued at $46,000. CX Institutional acquired a new position in shares of Samsara during the second quarter valued at $64,000. Finally, Westwind Capital acquired a new stake in shares of Samsara in the 3rd quarter worth approximately $64,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Samsara Company Profile

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

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.