Samsara (NYSE:IOT) Insider Sells $3,262,080.00 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 84,950 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $38.40, for a total transaction of $3,262,080.00. Following the transaction, the insider directly owned 225,800 shares in the company, valued at approximately $8,670,720. This represents a 27.34% 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. 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 1st, John Bicket sold 20,523 shares of Samsara stock. The shares were sold at an average price of $38.83, for a total transaction of $796,908.09.
• On Tuesday, September 29th, John Bicket sold 158,427 shares of Samsara stock. The stock was sold at an average price of $37.73, for a total transaction of $5,977,450.71.
• On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The shares were 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 shares were sold at an average price of $39.93, for a total value of $3,728,064.45.
• On Tuesday, August 18th, John Bicket sold 135,978 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total value of $5,437,760.22.
• On Thursday, August 6th, John Bicket sold 57,267 shares of Samsara stock. The stock was sold at an average price of $37.89, for a total value of $2,169,846.63.
• On Wednesday, August 5th, John Bicket sold 87,079 shares of Samsara stock. The shares were sold at an average price of $38.64, for a total value of $3,364,732.56.
• On Tuesday, August 4th, John Bicket sold 119,554 shares of Samsara stock. The stock was sold at an average price of $38.34, for a total value of $4,583,700.36.
• On Wednesday, July 22nd, John Bicket sold 61,352 shares of Samsara stock. The stock was sold at an average price of $33.87, for a total value of $2,077,992.24.
• On Tuesday, July 21st, John Bicket sold 202,548 shares of Samsara stock. The shares were sold at an average price of $36.81, for a total transaction of $7,455,791.88.

Samsara Stock Up 5.0%

IOT traded up $1.91 during trading on Thursday, hitting $40.04. 4,529,759 shares of the company’s stock were exchanged, compared to its average volume of 7,544,066. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The stock has a market cap of $23.45 billion, a P/E ratio of 346.64, a PEG ratio of 9.36 and a beta of 1.35. The business’s 50 day moving average is $38.94 and its two-hundred day moving average is $34.54.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $508.44 million during 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 revenue was up 29.9% on a year-over-year basis. During the same period last 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, sell-side analysts forecast that Samsara Inc. will post 0.13 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Guggenheim increased their price objective on Samsara from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Morgan Stanley upped their price target on Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a report on Friday, September 4th. Cantor Fitzgerald assumed coverage on Samsara in a research note on Monday, September 14th. They set an “overweight” rating and a $45.00 price objective on the stock. Craig Hallum reaffirmed a “buy” rating and set a $54.00 price objective on shares of Samsara in a report on Friday, September 4th. Finally, Wall Street Zen upgraded shares of Samsara from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Samsara has a consensus rating of “Moderate Buy” and a consensus target price of $52.05.

Institutional Trading of Samsara

A number of hedge funds have recently bought and sold shares of IOT. Markowski Investments bought a new position in Samsara in the 2nd quarter valued at $37,000. Parkside Financial Bank & Trust raised its stake in shares of Samsara by 91.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after purchasing an additional 656 shares during the period. Anchor Investment Management LLC bought a new stake in shares of Samsara during the 2nd quarter worth $46,000. CX Institutional purchased a new position in shares of Samsara in the 2nd quarter worth about $64,000. Finally, International Assets Investment Management LLC grew its position in Samsara by 444.3% during the first quarter. International Assets Investment Management LLC now owns 2,961 shares of the company’s stock valued at $94,000 after buying an additional 2,417 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Samsara Company Profile

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

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.