Insider Selling: Samsara (NYSE:IOT) Insider Sells $6,572,200.00 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 170,000 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $38.66, for a total transaction of $6,572,200.00. Following the transaction, the insider directly owned 30,000 shares in the company, valued at approximately $1,159,800. The trade was a 85.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, October 7th, John Bicket sold 170,000 shares of Samsara stock. The stock was sold at an average price of $38.35, for a total transaction of $6,519,500.00.
• On Wednesday, September 24th, John Bicket sold 36,579 shares of Samsara stock. The stock was sold at an average price of $37.50, for a total transaction of $1,371,712.50.
• On Tuesday, September 23rd, John Bicket sold 133,421 shares of Samsara stock. The stock was sold at an average price of $38.97, for a total value of $5,199,416.37.
• On Wednesday, September 3rd, John Bicket sold 40,320 shares of Samsara stock. The stock was sold at an average price of $35.61, for a total value of $1,435,795.20.
• On Tuesday, September 2nd, John Bicket sold 129,680 shares of Samsara stock. The shares were sold at an average price of $35.37, for a total value of $4,586,781.60.
• On Wednesday, August 20th, John Bicket sold 67,349 shares of Samsara stock. The stock was sold at an average price of $32.64, for a total value of $2,198,271.36.
• On Tuesday, August 19th, John Bicket sold 102,651 shares of Samsara stock. The stock was sold at an average price of $33.44, for a total value of $3,432,649.44.
• On Wednesday, August 6th, John Bicket sold 37,632 shares of Samsara stock. The shares were sold at an average price of $36.15, for a total value of $1,360,396.80.
• On Tuesday, August 5th, John Bicket sold 132,368 shares of Samsara stock. The stock was sold at an average price of $36.23, for a total transaction of $4,795,692.64.

Samsara Stock Up 1.4%

Samsara stock opened at $39.19 on Friday. The company has a fifty day simple moving average of $37.61 and a 200-day simple moving average of $39.28. The firm has a market capitalization of $22.48 billion, a price-to-earnings ratio of -244.92 and a beta of 1.60. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $391.48 million for the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. Samsara’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 earnings per share. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, research analysts anticipate that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Samsara

Several institutional investors have recently added to or reduced their stakes in IOT. Citizens Financial Group Inc. RI boosted its holdings in Samsara by 129.3% in the third quarter. Citizens Financial Group Inc. RI now owns 15,608 shares of the company’s stock valued at $581,000 after purchasing an additional 8,800 shares in the last quarter. Redwood Wealth Management Group LLC grew its position in shares of Samsara by 9.6% in the 3rd quarter. Redwood Wealth Management Group LLC now owns 12,600 shares of the company’s stock valued at $469,000 after buying an additional 1,100 shares during the last quarter. SG Americas Securities LLC raised its stake in Samsara by 12.0% during the 3rd quarter. SG Americas Securities LLC now owns 16,903 shares of the company’s stock worth $630,000 after acquiring an additional 1,808 shares in the last quarter. Moran Wealth Management LLC purchased a new stake in Samsara in the third quarter valued at $348,000. Finally, Park Avenue Securities LLC lifted its position in Samsara by 127.1% in the third quarter. Park Avenue Securities LLC now owns 17,817 shares of the company’s stock valued at $664,000 after acquiring an additional 9,972 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IOT. Royal Bank Of Canada increased their price target on shares of Samsara from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. BMO Capital Markets lowered their price objective on Samsara from $54.00 to $47.00 and set an “outperform” rating for the company in a research report on Friday, September 5th. Zacks Research downgraded shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Evercore ISI set a $50.00 target price on shares of Samsara and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, Craig Hallum raised Samsara from a “hold” rating to a “buy” rating and upped their price objective for the stock from $42.00 to $48.00 in a research report on Friday, September 5th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.55.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.