Insider Selling: Samsara (NYSE:IOT) CEO Sells 93,079 Shares

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 93,079 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $39.94, for a total transaction of $3,717,575.26. Following the transaction, the chief executive officer directly owned 271,100 shares in the company, valued at approximately $10,827,734. The trade was a 25.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 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 transaction of $1,394,481.38.
• 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 value of $2,163,140.10.
• On Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The stock was 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 shares were sold at an average price of $33.87, for a total value of $2,075,655.21.
• On Tuesday, July 21st, Sanjit Biswas sold 202,617 shares of Samsara stock. The shares were sold at an average price of $36.81, for a total value of $7,458,331.77.
• On Wednesday, July 8th, Sanjit Biswas sold 19,095 shares of Samsara stock. The stock was sold at an average price of $35.09, for a total transaction of $670,043.55.
• On Tuesday, July 7th, Sanjit Biswas sold 244,805 shares of Samsara stock. The stock was sold at an average price of $36.77, for a total transaction of $9,001,479.85.
• On Thursday, May 28th, Sanjit Biswas sold 31,081 shares of Samsara stock. The stock was sold at an average price of $31.21, for a total value of $970,038.01.

Samsara Stock Down 0.7%

IOT traded down $0.27 during midday trading on Thursday, hitting $38.93. 5,690,708 shares of the company traded hands, compared to its average volume of 6,916,050. The company’s 50-day moving average is $35.84 and its 200 day moving average is $32.14. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The firm has a market capitalization of $22.68 billion, a PE ratio of 389.34, a price-to-earnings-growth ratio of 8.89 and a beta of 1.34.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. The company had revenue of $478.84 million for the quarter, compared to analysts’ expectations of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, sell-side analysts predict that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Samsara by 11.5% during the fourth quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after buying an additional 3,417,849 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Samsara by 58.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock worth $421,079,000 after purchasing an additional 4,401,082 shares in the last quarter. Brown Advisory Inc. increased its position in Samsara by 42.1% during the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after buying an additional 3,322,023 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Samsara by 9.6% during the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock valued at $302,494,000 after acquiring an additional 813,922 shares in the last quarter. Finally, State Street Corp increased its stake in Samsara by 15.8% during the 4th quarter. State Street Corp now owns 6,920,219 shares of the company’s stock valued at $245,322,000 after purchasing an additional 944,485 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on IOT. Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Morgan Stanley set a $43.00 target price on shares of Samsara in a research report on Tuesday, July 21st. Royal Bank Of Canada increased their price target on Samsara from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Piper Sandler cut shares of Samsara from an “overweight” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research note on Sunday, August 9th. Finally, BTIG Research reiterated a “buy” rating and issued a $45.00 target price on shares of Samsara in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Samsara currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.39.

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.