Samsara (NYSE:IOT) CEO Sells $3,132,262.45 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 74,489 shares of the business’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $42.05, for a total value of $3,132,262.45. Following the sale, the chief executive officer owned 95,295 shares in the company, valued at $4,007,154.75. The trade was a 43.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, November 12th, Sanjit Biswas sold 66,560 shares of Samsara stock. The shares were sold at an average price of $41.44, for a total transaction of $2,758,246.40.
• On Tuesday, November 10th, Sanjit Biswas sold 93,969 shares of Samsara stock. The shares were sold at an average price of $41.39, for a total transaction of $3,889,376.91.
• On Tuesday, October 27th, Sanjit Biswas sold 114,813 shares of Samsara stock. The shares were sold at an average price of $43.38, for a total transaction 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 transaction of $1,699,173.75.
• On Wednesday, October 28th, Sanjit Biswas sold 108,212 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total transaction of $4,649,869.64.
• 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 transaction of $2,764,542.54.
• On Wednesday, October 14th, Sanjit Biswas sold 103,110 shares of Samsara stock. The stock was sold at an average price of $41.14, for a total transaction 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 transaction of $3,993,895.56.
• On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The stock was sold at an average price of $38.81, for a total transaction of $820,016.49.
• On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total transaction of $3,239,769.60.

Samsara Trading Up 0.1%

Shares of NYSE:IOT traded up $0.06 on Friday, hitting $41.38. 2,568,004 shares of the company were exchanged, compared to its average volume of 6,484,647. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47. The stock’s 50 day moving average price is $40.91 and its 200 day moving average price is $34.70. The firm has a market capitalization of $24.23 billion, a P/E ratio of 258.62, a price-to-earnings-growth ratio of 10.37 and a beta of 1.33.

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

Analyst Ratings Changes

A number of analysts have commented on IOT shares. KeyCorp lifted their price target on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Cantor Fitzgerald assumed coverage on Samsara in a report on Monday, September 14th. They issued an “overweight” rating and a $45.00 price objective on the stock. Morgan Stanley raised 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. Piper Sandler reaffirmed a “neutral” rating and set a $46.00 target price (up from $40.00) on shares of Samsara in a report on Friday, September 4th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.68.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its position in Samsara by 9.6% during the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock valued at $302,494,000 after purchasing an additional 813,922 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Samsara by 26.0% in the third quarter. Pictet Asset Management Holding SA now owns 2,660,574 shares of the company’s stock valued at $101,448,000 after purchasing an additional 548,698 shares during the last quarter. Spyglass Capital Management LLC grew its position in Samsara by 4.7% during the 2nd quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company’s stock worth $100,068,000 after purchasing an additional 139,009 shares during the period. Voya Investment Management LLC grew its position in Samsara by 14.8% during the 3rd quarter. Voya Investment Management LLC now owns 2,533,060 shares of the company’s stock worth $96,586,000 after purchasing an additional 326,692 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Samsara by 41.5% during the 1st quarter. Bank of America Corp DE now owns 2,710,202 shares of the company’s stock valued at $85,886,000 after buying an additional 794,255 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Company Profile

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.