Samsara (NYSE:IOT) Insider John Bicket Sells 66,895 Shares of Company Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 66,895 shares of the stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $41.45, for a total value of $2,772,797.75. Following the completion of the sale, the insider directly owned 89,900 shares of the company’s stock, valued at approximately $3,726,355. The trade was a 42.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, November 11th, John Bicket sold 74,271 shares of Samsara stock. The stock was sold at an average price of $42.05, for a total transaction of $3,123,095.55.
• On Tuesday, November 10th, John Bicket sold 93,862 shares of Samsara stock. The stock was sold at an average price of $41.39, for a total transaction of $3,884,948.18.
• On Thursday, October 29th, John Bicket sold 42,507 shares of Samsara stock. The shares were sold at an average price of $41.58, for a total transaction of $1,767,441.06.
• On Wednesday, October 28th, John Bicket sold 107,729 shares of Samsara stock. The shares were 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 shares were 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 transaction 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 transaction of $4,245,894.84.
• On Tuesday, October 13th, John Bicket sold 95,485 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total value of $3,997,956.95.
• On Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The shares were 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 shares were sold at an average price of $38.40, for a total value of $3,262,080.00.

Samsara Stock Up 0.1%

Shares of IOT traded up $0.06 during midday trading on Friday, reaching $41.38. 2,568,004 shares of the stock were exchanged, compared to its average volume of 3,664,249. The stock’s 50 day simple moving average is $40.96 and its 200 day simple moving average is $34.75. The company has a market cap of $24.23 billion, a P/E ratio of 258.62, a PEG ratio of 10.15 and a beta of 1.33. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47.

Samsara (NYSE:IOT) last posted its quarterly earnings data 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 net margin of 4.90% and a return on equity of 4.13%. The firm had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The business’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. As a group, analysts predict that Samsara Inc. will post 0.13 earnings per share for the current year.

Samsara News Roundup

Here’s some of the latest news about IOT:

• Positive Sentiment: Samsara launched what it describes as an industry-first 360-degree camera designed for open-cab equipment. The launch could broaden its equipment-monitoring offerings and appeal to customers operating in additional work environments. Samsara launches 360-degree camera article
• Negative Sentiment: CEO Sanjit Biswas and insider John Bicket reported selling shares in transactions from Nov. 10–12, totaling roughly 470,000 shares based on the reported amounts. The sales could concern investors, though both were executed under pre-arranged Rule 10b5-1 plans, tempering the signal. John Bicket SEC filing Sanjit Biswas SEC filing

Institutional Trading of Samsara

Several large investors have recently made changes to their positions in IOT. Three Bridge Wealth Advisors LLC acquired a new stake in shares of Samsara during the 3rd quarter worth approximately $29,000. Markowski Investments acquired a new position in Samsara during the second quarter valued at approximately $37,000. Capital Advisor Network LLC acquired a new position in Samsara during the third quarter valued at approximately $45,000. Parkside Financial Bank & Trust raised its position in Samsara by 91.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock valued at $45,000 after purchasing an additional 656 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new stake in Samsara during the second quarter worth $46,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

IOT has been the topic of a number of recent research reports. Bank of America raised their price objective on Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Guggenheim upped their target price on Samsara from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Royal Bank Of Canada increased their target price on Samsara from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Morgan Stanley raised their price target on Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, September 4th. Finally, Wells Fargo & Company raised their price target on Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.68.

About Samsara

Samsara Inc. is a technology company that provides a cloud-based platform for managing connected operations. Its platform combines Internet of Things (IoT) devices, software and data analytics to help organizations monitor vehicles, equipment, worksites and other physical assets. The company’s products include vehicle telematics, fleet management tools, AI-enabled dash cameras, equipment monitoring and software for routing, driver safety and operational workflows. Its customers span industries such as transportation, construction, field services, manufacturing and the public sector.