Samsara (NYSE:IOT) Director Marc Andreessen Sells 567,827 Shares

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 567,827 shares of Samsara stock in a transaction on Monday, June 8th. The shares were sold at an average price of $34.09, for a total value of $19,357,222.43. Following the sale, the director directly owned 3,945,147 shares of the company’s stock, valued at approximately $134,490,061.23. This trade represents a 12.58% 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.

Samsara Stock Performance

NYSE IOT traded down $1.06 on Wednesday, reaching $32.56. 5,974,143 shares of the stock traded hands, compared to its average volume of 7,512,456. The company has a fifty day moving average price of $30.77 and a 200-day moving average price of $32.39. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 325.61, a PEG ratio of 15.50 and a beta of 1.34. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $478.84 million during the quarter, compared to analyst estimates of $455.21 million. Samsara had a return on equity of 2.07% and a net margin of 3.32%.Samsara’s revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. As a group, research analysts anticipate that Samsara Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Acumen Wealth Advisors LLC acquired a new position in Samsara during the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd increased its position in Samsara by 312.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after buying an additional 669 shares in the last quarter. AlphaCentric Advisors LLC acquired a new position in Samsara during the 4th quarter valued at about $36,000. Optiver Holding B.V. increased its position in Samsara by 953.2% during the 3rd quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock valued at $44,000 after buying an additional 1,058 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Samsara by 194.4% during the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock valued at $47,000 after buying an additional 828 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $40.00 target price (up from $39.00) on shares of Samsara in a research report on Friday, June 5th. Zacks Research lowered Samsara from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. TD Cowen reissued a “buy” rating on shares of Samsara in a research report on Friday, May 22nd. UBS Group reissued a “buy” rating and issued a $48.00 price target on shares of Samsara in a research report on Friday, March 6th. Finally, Wells Fargo & Company boosted their price target on Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.53.

About Samsara

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.