Insider Selling: Samsara (NYSE:IOT) Insider Sells 42,507 Shares of Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 42,507 shares of the company’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $41.58, for a total value of $1,767,441.06. Following the completion of the transaction, the insider owned 561,398 shares of the company’s stock, valued at $23,342,928.84. The trade was a 7.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Bicket also recently made the following trade(s):

• On Wednesday, October 28th, John Bicket sold 107,729 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total transaction of $4,629,115.13.
• On Tuesday, October 27th, John Bicket sold 113,664 shares of Samsara stock. The stock was sold at an average price of $43.38, for a total transaction of $4,930,744.32.
• On Thursday, October 15th, John Bicket sold 65,209 shares of Samsara stock. The stock was sold at an average price of $42.27, for a total value of $2,756,384.43.
• On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total value of $4,245,894.84.
• On Tuesday, October 13th, John Bicket sold 95,485 shares of Samsara stock. The stock was sold at an average price of $41.87, for a total transaction of $3,997,956.95.
• On Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The stock was sold at an average price of $38.83, for a total transaction of $796,908.09.
• On Wednesday, September 30th, John Bicket sold 84,950 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total value of $3,262,080.00.
• On Tuesday, September 29th, John Bicket sold 158,427 shares of Samsara stock. The stock was sold at an average price of $37.73, for a total transaction of $5,977,450.71.
• On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The shares were sold at an average price of $39.44, for a total transaction of $1,362,928.08.
• On Wednesday, August 19th, John Bicket sold 93,365 shares of Samsara stock. The shares were sold at an average price of $39.93, for a total value of $3,728,064.45.

Samsara Stock Performance

IOT traded down $1.50 during trading on Thursday, reaching $41.51. 4,524,182 shares of the company’s stock were exchanged, compared to its average volume of 6,644,581. The company’s fifty day moving average price is $40.48 and its 200-day moving average price is $34.22. The firm has a market capitalization of $24.31 billion, a PE ratio of 259.41, a P/E/G ratio of 11.03 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 quarterly earnings data on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $508.44 million during the quarter, compared to analysts’ expectations of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. 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 firm 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. Research analysts forecast that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IOT has been the topic of several analyst reports. Craig Hallum reiterated a “buy” rating and issued a $54.00 target price on shares of Samsara in a report on Friday, September 4th. 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 report on Friday, September 4th. JPMorgan Chase & Co. raised their price objective on Samsara from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. Weiss Ratings raised Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Finally, KeyCorp raised their price target on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $51.68.

Institutional Investors Weigh In On Samsara

Institutional investors have recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Samsara by 99.7% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,178 shares of the company’s stock worth $426,000 after purchasing an additional 5,580 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Samsara by 5.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 666,778 shares of the company’s stock valued at $25,424,000 after purchasing an additional 32,122 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Samsara in the third quarter valued at about $312,000. Vise Technologies Inc. lifted its holdings in shares of Samsara by 19.7% in the third quarter. Vise Technologies Inc. now owns 7,940 shares of the company’s stock valued at $303,000 after purchasing an additional 1,306 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Samsara by 18.9% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 178,173 shares of the company’s stock worth $6,794,000 after buying an additional 28,300 shares during the period. 96.02% of the stock is owned by institutional investors.

Samsara Company Profile

Samsara, Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its Samsara Connected Operations Cloud combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, facilities and frontline operations.

The company’s products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.