Insider Selling: Samsara (NYSE:IOT) Director Sells $19,802,808.20 in Stock

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 613,660 shares of Samsara stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $32.27, for a total value of $19,802,808.20. Following the transaction, the director owned 2,256,487 shares of the company’s stock, valued at approximately $72,816,835.49. This represents a 21.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Samsara Trading Up 4.1%

Samsara stock traded up $1.31 during mid-day trading on Friday, hitting $33.57. The company had a trading volume of 6,753,631 shares, compared to its average volume of 7,502,585. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of 335.76, a P/E/G ratio of 7.63 and a beta of 1.34. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47. The company’s fifty day moving average is $30.82 and its 200-day moving average is $32.34.

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

Analyst Ratings Changes

IOT has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of Samsara from $39.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, February 17th. Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. KeyCorp upped their price target on Samsara from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Wolfe Research reiterated an “outperform” rating on shares of Samsara in a research report on Thursday. Finally, Wells Fargo & Company raised their price objective on Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Samsara currently has an average rating of “Moderate Buy” and an average price target of $46.53.

Institutional Trading of Samsara

Several institutional investors have recently modified their holdings of the stock. Acumen Wealth Advisors LLC acquired a new position in shares of Samsara during the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its position in Samsara by 312.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after buying an additional 669 shares in the last quarter. AlphaCentric Advisors LLC acquired a new position in Samsara during the fourth quarter worth $36,000. Optiver Holding B.V. boosted its stake in Samsara by 953.2% during the third quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock worth $44,000 after buying an additional 1,058 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in Samsara by 194.4% in the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock valued at $47,000 after buying an additional 828 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.