Samsara (NYSE:IOT) CAO Sells $86,003.26 in Stock

Samsara Inc. (NYSE:IOT) CAO Benjamin Louis Kirchhoff sold 2,549 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $33.74, for a total transaction of $86,003.26. Following the completion of the sale, the chief accounting officer directly owned 167,269 shares in the company, valued at $5,643,656.06. This represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Benjamin Louis Kirchhoff also recently made the following trade(s):

• On Wednesday, May 13th, Benjamin Louis Kirchhoff sold 2,554 shares of Samsara stock. The stock was sold at an average price of $27.47, for a total transaction of $70,158.38.
• On Monday, April 13th, Benjamin Louis Kirchhoff sold 2,480 shares of Samsara stock. The stock was sold at an average price of $26.02, for a total transaction of $64,529.60.

Samsara Stock Down 3.2%

Shares of NYSE:IOT traded down $1.05 during midday trading on Wednesday, reaching $31.60. The company’s stock had a trading volume of 6,567,392 shares, compared to its average volume of 7,461,667. The firm has a 50 day moving average of $30.89 and a 200-day moving average of $32.26. The firm has a market capitalization of $18.35 billion, a P/E ratio of 316.04, a PEG ratio of 7.84 and a beta of 1.34. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $478.84 million for the quarter, compared to analysts’ expectations of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. Samsara’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, research analysts predict that Samsara Inc. will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on IOT. Weiss Ratings upgraded shares of Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday. Wells Fargo & Company increased their price objective on shares of Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. BTIG Research reiterated a “buy” rating and issued a $45.00 price objective on shares of Samsara in a research note on Friday, June 5th. Royal Bank Of Canada increased their price objective on shares of Samsara from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Finally, Zacks Research cut shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Samsara currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.53.

Institutional Investors Weigh In On Samsara

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its holdings in Samsara by 15.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock worth $1,689,565,000 after acquiring an additional 6,208,553 shares in the last quarter. Vanguard Group Inc. increased its holdings in Samsara by 11.5% in the 4th quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock worth $1,174,620,000 after acquiring an additional 3,417,849 shares in the last quarter. Sands Capital Management LLC increased its holdings in Samsara by 6.4% in the 3rd quarter. Sands Capital Management LLC now owns 20,518,332 shares of the company’s stock worth $764,308,000 after acquiring an additional 1,242,122 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Samsara by 58.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock worth $421,079,000 after acquiring an additional 4,401,082 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in Samsara by 42.1% in the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock worth $397,536,000 after acquiring an additional 3,322,023 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

About Samsara

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.