Samsara (NYSE:IOT) CEO Sells $4,649,869.64 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 108,212 shares of the business’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $42.97, for a total transaction of $4,649,869.64. Following the sale, the chief executive officer directly owned 135,200 shares in the company, valued at $5,809,544. This trade represents a 44.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanjit Biswas also recently made the following trade(s):

• On Tuesday, October 27th, Sanjit Biswas sold 114,813 shares of Samsara stock. The stock was sold at an average price of $43.38, for a total value of $4,980,587.94.
• On Thursday, October 29th, Sanjit Biswas sold 40,875 shares of Samsara stock. The stock was sold at an average price of $41.57, for a total value of $1,699,173.75.
• On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The stock was sold at an average price of $42.27, for a total value of $2,764,542.54.
• On Wednesday, October 14th, Sanjit Biswas sold 103,110 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total value of $4,241,945.40.
• On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total value of $3,993,895.56.
• On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The shares were sold at an average price of $38.81, for a total value of $820,016.49.
• On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The shares were sold at an average price of $38.40, for a total value of $3,239,769.60.
• On Tuesday, September 29th, Sanjit Biswas sold 158,402 shares of Samsara stock. The stock was sold at an average price of $37.74, for a total value of $5,978,091.48.
• On Thursday, August 20th, Sanjit Biswas sold 35,366 shares of Samsara stock. The stock was sold at an average price of $39.43, for a total value of $1,394,481.38.
• On Wednesday, August 19th, Sanjit Biswas sold 93,079 shares of Samsara stock. The stock was sold at an average price of $39.94, for a total value of $3,717,575.26.

Samsara Stock Up 1.0%

Shares of NYSE IOT opened at $42.07 on Friday. The business’s 50 day moving average price is $40.59 and its 200 day moving average price is $34.31. The firm has a market cap of $24.64 billion, a P/E ratio of 262.94, a P/E/G ratio of 10.33 and a beta of 1.35. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The company had revenue of $508.44 million for the quarter, compared to the consensus estimate of $483.29 million. During the same quarter in the prior year, the company earned $0.12 EPS. Samsara’s quarterly revenue was up 29.9% on a year-over-year basis. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. As a group, research analysts expect that Samsara Inc. will post 0.13 earnings per share for the current year.

More Samsara News

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Analysts remain constructive after Samsara’s latest quarterly results topped expectations, with revenue rising 29.9% year over year and EPS exceeding consensus. The average analyst price target is approximately $51.68, above the recent trading range. Samsara Just Answered the AI Question
• Positive Sentiment: Institutional ownership remains high at roughly 96%, and several funds recently increased their positions, including Wellington Management, Bank of America and First Trust Advisors. This suggests continued professional-investor interest in Samsara’s connected-operations and fleet-management growth story. Samsara Shows What Happens When Fundamentals Beat Fear
• Neutral Sentiment: Samsara and Together for Safer Roads launched a fleet-safety program for community food banks. The initiative may enhance the company’s brand and social-impact profile, but it is unlikely to materially affect near-term revenue or earnings. Together for Safer Roads and Samsara Launch Fleet Safety Program
• Negative Sentiment: CEO Sanjit Biswas sold 263,900 shares from October 27–29, while co-founder John Bicket sold another 263,900 shares over the same period. Insider Adam Eltoukhy also sold 7,306 shares. The combined sales represent roughly $23 million of stock and create a meaningful supply and confidence overhang, even though scheduled 10b5-1 plans reduce the signal that the sales reflect deteriorating business expectations. Samsara Insider Selling Alert
• Negative Sentiment: Samsara’s valuation remains demanding, with a price-to-earnings ratio above 260 and a PEG ratio above 10. That leaves IOT particularly sensitive to profit-taking, insider sales and any slowdown in its high-growth outlook. Samsara Falls More Steeply Than Broader Market

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Cantor Fitzgerald initiated coverage on shares of Samsara in a report on Monday, September 14th. They issued an “overweight” rating and a $45.00 price objective on the stock. Wall Street Zen raised shares of Samsara from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. Royal Bank Of Canada boosted their target price on shares of Samsara from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. BTIG Research upped their price target on shares of Samsara from $45.00 to $54.00 and gave the company a “buy” rating in a report on Friday, September 4th. Finally, Bank of America upped their price target 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 investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Samsara has a consensus rating of “Moderate Buy” and an average target price of $51.68.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Apollon Wealth Management LLC boosted its position in Samsara by 0.7% in the 3rd quarter. Apollon Wealth Management LLC now owns 34,924 shares of the company’s stock worth $1,332,000 after purchasing an additional 257 shares in the last quarter. Cim LLC grew its stake in shares of Samsara by 1.3% during the 1st quarter. Cim LLC now owns 34,505 shares of the company’s stock worth $1,093,000 after purchasing an additional 455 shares during the period. Lido Advisors LLC grew its stake in shares of Samsara by 1.4% during the 1st quarter. Lido Advisors LLC now owns 40,044 shares of the company’s stock worth $1,269,000 after purchasing an additional 534 shares during the period. Moran Wealth Management LLC grew its stake in shares of Samsara by 7.3% during the 1st quarter. Moran Wealth Management LLC now owns 8,291 shares of the company’s stock worth $263,000 after purchasing an additional 562 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Samsara by 22.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,502 shares of the company’s stock valued at $134,000 after purchasing an additional 640 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Company Profile

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.