Jonathan Chadwick Sells 10,000 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick sold 10,000 shares of Samsara stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $42.09, for a total transaction of $420,900.00. Following the completion of the transaction, the director owned 51,666 shares of the company’s stock, valued at $2,174,621.94. This trade represents a 16.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Samsara Price Performance

Shares of IOT opened at $39.58 on Friday. The business’s 50 day simple moving average is $38.68 and its 200-day simple moving average is $34.13. The company has a market capitalization of $23.06 billion, a P/E ratio of 247.36, a PEG ratio of 9.82 and a beta of 1.35. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47.

Samsara (NYSE:IOT) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The business had revenue of $508.44 million during the quarter, compared to analysts’ expectations of $483.29 million. During the same period in the previous year, the business posted $0.12 earnings per share. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. On average, sell-side analysts anticipate that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Truist Financial increased their price objective on Samsara from $38.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, September 4th. BTIG Research boosted their target price on Samsara from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. JPMorgan Chase & Co. upped their price target on Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Guggenheim raised their price target on Samsara from $45.00 to $51.00 and gave the company a “buy” rating in a report on Friday, September 4th. Finally, BMO Capital Markets boosted their price objective on Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. USS Investment Management Ltd bought a new stake in Samsara during the 1st quarter worth about $28,232,000. Spyglass Capital Management LLC grew its holdings in shares of Samsara by 25.5% in the 1st quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after acquiring an additional 599,651 shares in the last quarter. Allen Operations LLC increased its position in shares of Samsara by 83.3% in the fourth quarter. Allen Operations LLC now owns 66,020 shares of the company’s stock valued at $2,340,000 after acquiring an additional 30,000 shares during the last quarter. Geode Capital Management LLC raised its holdings in Samsara by 17.8% during the fourth quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock worth $219,035,000 after acquiring an additional 935,855 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in Samsara by 42.1% during the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after purchasing an additional 3,322,023 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Samsara Company Profile

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company’s products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.