Insider Selling: Samsara (NYSE:IOT) CEO Sells 93,969 Shares of Company Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 93,969 shares of Samsara stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $41.39, for a total transaction of $3,889,376.91. Following the completion of the sale, the chief executive officer owned 19,800 shares of the company’s stock, valued at $819,522. This trade represents a 82.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Wednesday, November 11th, Sanjit Biswas sold 74,489 shares of Samsara stock. The shares were sold at an average price of $42.05, for a total transaction of $3,132,262.45.
• 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 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 stock was 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 stock was 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.

Samsara Stock Performance

Shares of NYSE IOT traded up $0.06 during mid-day trading on Friday, reaching $41.38. 2,568,004 shares of the company traded hands, compared to its average volume of 6,484,647. The stock has a market cap of $24.23 billion, a PE ratio of 258.62, a price-to-earnings-growth ratio of 10.37 and a beta of 1.33. The company’s fifty day moving average is $40.91 and its two-hundred day moving average is $34.70. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47.

Samsara (NYSE:IOT) last issued 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 return on equity of 4.13% and a net margin of 4.90%. The business had revenue of $508.44 million for the quarter, compared to the consensus estimate of $483.29 million. During the same period last year, the business earned $0.12 EPS. The firm’s 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. Research analysts forecast that Samsara Inc. will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IOT. Wellington Management Group LLP boosted its stake in Samsara by 9.6% during the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock worth $302,494,000 after buying an additional 813,922 shares in the last quarter. Spyglass Capital Management LLC raised its stake in shares of Samsara by 4.7% in the 2nd quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company’s stock valued at $100,068,000 after buying an additional 139,009 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Samsara by 41.5% in 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 in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Samsara by 26.0% during the 3rd quarter. Pictet Asset Management Holding SA now owns 2,660,574 shares of the company’s stock worth $101,448,000 after acquiring an additional 548,698 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in shares of 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 acquiring an additional 326,692 shares during the period. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target 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. Truist Financial upped their price objective on shares of Samsara from $38.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, September 4th. Bank of America raised their target price on shares of Samsara from $47.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, September 4th. BMO Capital Markets lifted their target price on shares of Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Finally, Cantor Fitzgerald assumed coverage on shares of Samsara in a research report on Monday, September 14th. They set an “overweight” rating and a $45.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $51.68.

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.