Dominic Phillips Sells 18,348 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 18,348 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $40.39, for a total value of $741,075.72. Following the transaction, the insider directly owned 683,425 shares of the company’s stock, valued at $27,603,535.75. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Dominic Phillips also recently made the following trade(s):

• On Wednesday, October 1st, Dominic Phillips sold 18,904 shares of Samsara stock. The shares were sold at an average price of $37.83, for a total value of $715,138.32.
• On Monday, September 15th, Dominic Phillips sold 46,253 shares of Samsara stock. The shares were sold at an average price of $39.15, for a total value of $1,810,804.95.
• On Wednesday, September 10th, Dominic Phillips sold 8,457 shares of Samsara stock. The shares were sold at an average price of $38.14, for a total value of $322,549.98.
• On Friday, September 5th, Dominic Phillips sold 17,793 shares of Samsara stock. The shares were sold at an average price of $41.59, for a total value of $740,010.87.

Samsara Stock Up 0.1%

NYSE:IOT opened at $38.76 on Thursday. The stock’s 50 day moving average price is $38.50 and its two-hundred day moving average price is $39.36. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of -242.25 and a beta of 1.61. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 7.53% and a negative net margin of 6.16%.The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. Equities research analysts expect that Samsara Inc. will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Samsara

A number of hedge funds have recently added to or reduced their stakes in IOT. Jennison Associates LLC increased its stake in Samsara by 1,881.8% during the 1st quarter. Jennison Associates LLC now owns 11,763,133 shares of the company’s stock worth $450,881,000 after acquiring an additional 11,169,571 shares during the period. Vanguard Group Inc. increased its stake in Samsara by 18.3% during the 2nd quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company’s stock worth $1,106,012,000 after acquiring an additional 4,307,755 shares during the period. Norges Bank bought a new position in Samsara during the 2nd quarter worth $134,950,000. State Street Corp increased its stake in Samsara by 107.8% during the 2nd quarter. State Street Corp now owns 5,611,956 shares of the company’s stock worth $223,244,000 after acquiring an additional 2,910,916 shares during the period. Finally, Sands Capital Management LLC increased its stake in Samsara by 17.2% during the 2nd quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company’s stock worth $766,808,000 after acquiring an additional 2,833,049 shares during the period. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IOT has been the topic of several research analyst reports. BMO Capital Markets dropped their price objective on Samsara from $54.00 to $47.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. Morgan Stanley increased their target price on Samsara from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, September 8th. Evercore ISI set a $50.00 target price on Samsara and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Craig Hallum upgraded Samsara from a “hold” rating to a “buy” rating and increased their target price for the stock from $42.00 to $48.00 in a research note on Friday, September 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Samsara in a research note on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.