Insider Selling: Samsara (NYSE:IOT) CEO Sells $820,016.49 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 21,129 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $38.81, for a total transaction of $820,016.49. Following the completion of the transaction, the chief executive officer directly owned 877,835 shares in the company, valued at approximately $34,068,776.35. The trade was a 2.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 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 shares were sold at an average price of $39.94, for a total value of $3,717,575.26.
• On Tuesday, August 18th, Sanjit Biswas sold 135,455 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total value of $5,416,845.45.
• On Thursday, August 6th, Sanjit Biswas sold 57,090 shares of Samsara stock. The stock was sold at an average price of $37.89, for a total transaction of $2,163,140.10.
• On Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The shares were sold at an average price of $38.64, for a total transaction of $3,374,547.12.
• On Tuesday, August 4th, Sanjit Biswas sold 119,477 shares of Samsara stock. The shares were sold at an average price of $38.34, for a total transaction of $4,580,748.18.
• On Wednesday, July 22nd, Sanjit Biswas sold 61,283 shares of Samsara stock. The stock was sold at an average price of $33.87, for a total transaction of $2,075,655.21.
• On Tuesday, July 21st, Sanjit Biswas sold 202,617 shares of Samsara stock. The stock was sold at an average price of $36.81, for a total transaction of $7,458,331.77.

Samsara Stock Performance

Samsara stock opened at $41.12 on Friday. The firm’s fifty day moving average price is $39.27 and its 200-day moving average price is $34.65. The stock has a market cap of $24.08 billion, a P/E ratio of 257.01, a price-to-earnings-growth ratio of 10.10 and a beta of 1.35. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47.

Samsara (NYSE:IOT) last announced its 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 company had revenue of $508.44 million during the quarter, compared to analyst estimates of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the business 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, analysts predict that Samsara Inc. will post 0.13 earnings per share for the current year.

Key Samsara News

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Analysts remain broadly optimistic, with Samsara carrying a consensus “Moderate Buy” rating and an average price target of $52.05. TD Cowen raised its target to $53, while Wells Fargo increased its target to $58, suggesting considerable potential upside from recent levels. Samsara Inc. Stock Has Average Price Target of $52.05 According to Analysts
• Positive Sentiment: The company’s latest quarterly results beat expectations. Samsara reported adjusted earnings per share of $0.20 versus the $0.16 consensus estimate, while revenue reached $508.44 million compared with forecasts of $483.29 million. Revenue increased 29.9% year over year, and fiscal 2027 EPS guidance was set at $0.760 to $0.780.
• Neutral Sentiment: Valuation remains demanding. Samsara’s high earnings multiple leaves the stock vulnerable if growth slows, guidance disappoints or investors reduce exposure to premium-priced software companies.
• Negative Sentiment: CEO Sanjit Biswas and insider John Bicket collectively sold approximately 527,800 shares between September 29 and October 1 for roughly $20.1 million. The transactions significantly reduced their direct holdings and may weigh on investor sentiment. However, each sale was made under a pre-arranged Rule 10b5-1 trading plan, indicating the transactions were scheduled in advance rather than necessarily reflecting a new negative view of Samsara’s outlook. SEC Insider Trading Filing

Hedge Funds Weigh In On Samsara

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IOT. BNP Paribas Exane raised their price objective on Samsara from $40.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, September 4th. Wall Street Zen raised Samsara from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. JPMorgan Chase & Co. increased their price target on shares of Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Guggenheim boosted their price objective on shares of Samsara from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Finally, Truist Financial upped their price objective on shares of Samsara from $38.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.05.

About Samsara

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.