Samsara (NYSE:IOT) Trading Down 4.7% – Here’s What Happened

Samsara Inc. (NYSE:IOT) shares dropped 4.7% on Tuesday . The stock traded as low as $36.68 and last traded at $36.7550. Approximately 1,569,647 shares were traded during trading, a decline of 78% from the average session volume of 7,159,350 shares. The stock had previously closed at $38.55.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on IOT shares. Weiss Ratings raised Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, June 15th. BTIG Research reiterated a “buy” rating and issued a $45.00 target price on shares of Samsara in a research note on Friday, June 26th. KeyCorp reaffirmed an “overweight” rating on shares of Samsara in a report on Friday, June 26th. Morgan Stanley set a $43.00 price objective on shares of Samsara in a research report on Tuesday. Finally, Piper Sandler reissued an “overweight” rating and issued a $40.00 price objective (up from $39.00) on shares of Samsara in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.35.

Samsara Stock Performance

The company has a market cap of $21.16 billion, a price-to-earnings ratio of 363.24, a PEG ratio of 8.98 and a beta of 1.35. The company has a 50-day simple moving average of $33.36 and a 200-day simple moving average of $31.45.

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

Insiders Place Their Bets

In other Samsara news, CEO Sanjit Biswas sold 244,805 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total value of $9,001,479.85. Following the completion of the sale, the chief executive officer owned 94,000 shares of the company’s stock, valued at approximately $3,456,380. This trade represents a 72.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 245,925 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total transaction of $9,042,662.25. Following the sale, the insider owned 94,000 shares in the company, valued at $3,456,380. The trade was a 72.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 4,464,637 shares of company stock worth $144,511,167. 35.13% of the stock is owned by corporate insiders.

Institutional Trading of Samsara

Institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. increased its stake in Samsara by 15.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock valued at $1,689,565,000 after purchasing an additional 6,208,553 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Samsara by 58.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock worth $421,079,000 after purchasing an additional 4,401,082 shares in the last quarter. Norges Bank purchased a new stake in Samsara during the fourth quarter worth $127,415,000. Vanguard Group Inc. grew its holdings in Samsara by 11.5% in the fourth quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after purchasing an additional 3,417,849 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in shares of Samsara by 42.1% in the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after buying an additional 3,322,023 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.