Samsara (NYSE:IOT) Insider John Bicket Sells 107,729 Shares of Company Stock

Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 107,729 shares of the company’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $42.97, for a total transaction of $4,629,115.13. Following the completion of the sale, the insider directly owned 135,200 shares of the company’s stock, valued at $5,809,544. This represents a 44.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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, October 29th, John Bicket sold 42,507 shares of Samsara stock. The stock was sold at an average price of $41.58, for a total value of $1,767,441.06.
  • 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 value 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 stock was 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 shares were 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 stock was 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 stock was sold at an average price of $39.93, for a total value of $3,728,064.45.

Samsara Price Performance

Shares of IOT stock traded down $1.50 on Thursday, hitting $41.51. The stock had a trading volume of 4,524,182 shares, compared to its average volume of 6,644,581. The firm has a market capitalization of $24.31 billion, a P/E ratio of 259.41, a P/E/G ratio of 11.03 and a beta of 1.35. The company’s 50 day moving average price is $40.48 and its 200-day moving average price is $34.22. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47.

Samsara (NYSE:IOT – Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities analysts forecast that Samsara Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on IOT shares. Royal Bank Of Canada increased their price objective on Samsara from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. Guggenheim lifted their price objective on Samsara from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Jefferies Financial Group assumed coverage on Samsara in a research report on Sunday, October 4th. They set a “buy” rating and a $50.00 price objective for the company. Wells Fargo & Company upped their target price on shares of Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Finally, Bank of America raised their target price on shares of Samsara from $47.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 4th. Two equities research 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. According to MarketBeat.com, Samsara has a consensus rating of “Moderate Buy” and a consensus price target of $51.68.

Check Out Our Latest Analysis on Samsara

Institutional Trading of Samsara

Several hedge funds have recently made changes to their positions in IOT. Markowski Investments purchased a new position in Samsara during the second quarter worth about $37,000. Parkside Financial Bank & Trust grew its holdings in Samsara by 91.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after acquiring an additional 656 shares during the period. Anchor Investment Management LLC acquired a new stake in Samsara in the second quarter valued at $46,000. Westwind Capital acquired a new position in shares of Samsara during the 3rd quarter worth $64,000. Finally, CX Institutional acquired a new stake in shares of Samsara in the second quarter valued at about $64,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

About Samsara

(Get Free Report)

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

The company’s products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.

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Insider Buying and Selling by Quarter for Samsara (NYSE:IOT)

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