Samsara (NYSE:IOT) Insider John Bicket Sells 74,271 Shares of Company Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 74,271 shares of Samsara stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $42.05, for a total value of $3,123,095.55. Following the completion of the transaction, the insider directly owned 95,501 shares in the company, valued at approximately $4,015,817.05. This represents a 43.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, November 12th, John Bicket sold 66,895 shares of Samsara stock. The shares were sold at an average price of $41.45, for a total value of $2,772,797.75.
• On Tuesday, November 10th, John Bicket sold 93,862 shares of Samsara stock. The shares were sold at an average price of $41.39, for a total transaction of $3,884,948.18.
• On Thursday, October 29th, John Bicket sold 42,507 shares of Samsara stock. The shares were sold at an average price of $41.58, for a total transaction of $1,767,441.06.
• On Wednesday, October 28th, John Bicket sold 107,729 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total transaction of $4,629,115.13.
• On Tuesday, October 27th, John Bicket sold 113,664 shares of Samsara stock. The stock was sold at an average price of $43.38, for a total transaction of $4,930,744.32.
• On Thursday, October 15th, John Bicket sold 65,209 shares of Samsara stock. The stock was sold at an average price of $42.27, for a total transaction of $2,756,384.43.
• On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The shares were 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 stock was 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.

Samsara Price Performance

NYSE IOT traded up $0.06 during mid-day trading on Friday, reaching $41.38. 2,568,004 shares of the stock were exchanged, compared to its average volume of 3,664,249. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The stock has a 50 day simple moving average of $40.96 and a 200-day simple moving average of $34.75. The stock has a market cap of $24.23 billion, a P/E ratio of 258.62, a P/E/G ratio of 10.15 and a beta of 1.33.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 anticipate that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. BTIG Research boosted their price objective on Samsara from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, September 4th. KeyCorp raised their target price on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Bank of America lifted their target price on Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Truist Financial lifted their target price on Samsara from $38.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, September 4th. Finally, Evercore reissued an “outperform” rating and issued a $55.00 price target on shares of Samsara in a research note on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.68.

Institutional Investors Weigh In On Samsara

A number of large investors have recently bought and sold shares of IOT. Spyglass Capital Management LLC increased its stake in Samsara by 25.5% during the 1st quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after purchasing an additional 599,651 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Samsara during the second quarter worth $4,860,000. Tidal Investments LLC lifted its stake in shares of Samsara by 347.6% in the second quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock valued at $2,339,000 after buying an additional 56,016 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Samsara by 226.3% in the first quarter. Fifth Third Bancorp now owns 54,335 shares of the company’s stock valued at $1,722,000 after buying an additional 37,683 shares in the last quarter. Finally, Congress Asset Management Co. grew its holdings in shares of Samsara by 3.5% during the third quarter. Congress Asset Management Co. now owns 844,722 shares of the company’s stock valued at $32,209,000 after buying an additional 28,507 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Samsara

Here are a few of the latest headlines about IOT:

• Positive Sentiment: Samsara launched what it describes as an industry-first 360-degree camera designed for open-cab equipment. The launch could broaden its equipment-monitoring offerings and appeal to customers operating in additional work environments. Samsara launches 360-degree camera article
• Negative Sentiment: CEO Sanjit Biswas and insider John Bicket reported selling shares in transactions from Nov. 10–12, totaling roughly 470,000 shares based on the reported amounts. The sales could concern investors, though both were executed under pre-arranged Rule 10b5-1 plans, tempering the signal. John Bicket SEC filing Sanjit Biswas SEC filing

About Samsara

Samsara Inc. is a technology company that provides a cloud-based platform for managing connected operations. Its platform combines Internet of Things (IoT) devices, software and data analytics to help organizations monitor vehicles, equipment, worksites and other physical assets. The company’s products include vehicle telematics, fleet management tools, AI-enabled dash cameras, equipment monitoring and software for routing, driver safety and operational workflows. Its customers span industries such as transportation, construction, field services, manufacturing and the public sector.