Insider Selling: Samsara (NYSE:IOT) CEO Sells 66,560 Shares of Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 66,560 shares of the business’s stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $41.44, for a total value of $2,758,246.40. Following the completion of the sale, the chief executive officer directly owned 89,900 shares of the company’s stock, valued at approximately $3,725,456. This trade represents a 42.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, November 11th, Sanjit Biswas sold 74,489 shares of Samsara stock. The stock was sold at an average price of $42.05, for a total value of $3,132,262.45.
• On Tuesday, November 10th, Sanjit Biswas sold 93,969 shares of Samsara stock. The stock was sold at an average price of $41.39, for a total value 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 value of $4,980,587.94.
• On Thursday, October 29th, Sanjit Biswas sold 40,875 shares of Samsara stock. The shares were sold at an average price of $41.57, for a total value of $1,699,173.75.
• On Wednesday, October 28th, Sanjit Biswas sold 108,212 shares of Samsara stock. The shares were sold at an average price of $42.97, for a total value 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 stock was 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 shares were sold at an average price of $38.40, for a total transaction of $3,239,769.60.

Samsara Price Performance

IOT traded up $0.06 during trading on Friday, hitting $41.38. 2,568,004 shares of the stock traded hands, compared to its average volume of 6,484,647. 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. The firm has a 50-day moving average of $40.91 and a 200 day moving average of $34.70. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping 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 business had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. During the same quarter last year, the firm earned $0.12 EPS. The company’s revenue was up 29.9% on a year-over-year basis. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. As a group, equities analysts predict that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Samsara

A number of large investors have recently modified their holdings of IOT. Three Bridge Wealth Advisors LLC purchased a new stake in Samsara in the third quarter worth about $29,000. Markowski Investments bought a new stake in Samsara during the 2nd quarter valued at approximately $37,000. Capital Advisor Network LLC bought a new stake in Samsara during the 3rd quarter valued at approximately $45,000. Parkside Financial Bank & Trust grew its holdings 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 acquiring an additional 656 shares during the period. Finally, Anchor Investment Management LLC purchased a new position in shares of Samsara during the 2nd quarter worth approximately $46,000. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen raised Samsara from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. Craig Hallum reaffirmed a “buy” rating and set a $54.00 price target on shares of Samsara in a research report on Friday, September 4th. Jefferies Financial Group began coverage on Samsara in a report on Sunday, October 4th. They issued a “buy” rating and a $50.00 price objective for the company. Evercore reissued an “outperform” rating and set a $55.00 target price on shares of Samsara in a research note on Friday, September 4th. Finally, Guggenheim upped their target price on Samsara from $45.00 to $51.00 and gave the company a “buy” rating in a report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.68.

About Samsara

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.