Samsara (NYSE:IOT) CEO Sanjit Biswas Sells 202,617 Shares of Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 202,617 shares of the stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $36.81, for a total transaction of $7,458,331.77. Following the completion of the sale, the chief executive officer owned 83,400 shares of the company’s stock, valued at approximately $3,069,954. This trade represents a 70.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanjit Biswas also recently made the following trade(s):

• On Wednesday, July 22nd, Sanjit Biswas sold 61,283 shares of Samsara stock. The stock was sold at an average price of $33.87, for a total value of $2,075,655.21.
• On Wednesday, July 8th, Sanjit Biswas sold 19,095 shares of Samsara stock. The shares were sold at an average price of $35.09, for a total value of $670,043.55.
• On Tuesday, July 7th, Sanjit Biswas sold 244,805 shares of Samsara stock. The shares were sold at an average price of $36.77, for a total value of $9,001,479.85.
• On Thursday, May 28th, Sanjit Biswas sold 31,081 shares of Samsara stock. The stock was sold at an average price of $31.21, for a total value of $970,038.01.
• On Wednesday, May 27th, Sanjit Biswas sold 128,159 shares of Samsara stock. The stock was sold at an average price of $30.03, for a total value of $3,848,614.77.
• On Tuesday, May 26th, Sanjit Biswas sold 104,660 shares of Samsara stock. The stock was sold at an average price of $31.10, for a total value of $3,254,926.00.
• On Wednesday, May 13th, Sanjit Biswas sold 95,628 shares of Samsara stock. The shares were sold at an average price of $27.47, for a total value of $2,626,901.16.
• On Tuesday, May 12th, Sanjit Biswas sold 168,272 shares of Samsara stock. The shares were sold at an average price of $28.58, for a total value of $4,809,213.76.
• On Thursday, April 30th, Sanjit Biswas sold 72,958 shares of Samsara stock. The stock was sold at an average price of $28.49, for a total value of $2,078,573.42.
• On Wednesday, April 29th, Sanjit Biswas sold 87,067 shares of Samsara stock. The stock was sold at an average price of $29.05, for a total value of $2,529,296.35.

Samsara Trading Up 6.6%

Shares of NYSE:IOT traded up $2.33 during midday trading on Tuesday, reaching $37.66. The company had a trading volume of 1,212,208 shares, compared to its average volume of 7,105,196. The stock has a market cap of $21.95 billion, a P/E ratio of 377.35, a P/E/G ratio of 7.43 and a beta of 1.35. The company’s 50 day moving average price is $33.87 and its 200 day moving average price is $31.42. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47.

Samsara (NYSE:IOT) last posted its quarterly earnings data 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 business had revenue of $478.84 million during the quarter, compared to the consensus estimate of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. Research analysts forecast that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Samsara

A number of hedge funds and other institutional investors have recently bought and sold shares of IOT. USS Investment Management Ltd purchased a new stake in Samsara during the 1st quarter worth about $28,232,000. Allen Operations LLC grew its holdings in Samsara by 83.3% during the 4th quarter. Allen Operations LLC now owns 66,020 shares of the company’s stock valued at $2,340,000 after buying an additional 30,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in Samsara by 17.8% during the 4th quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock valued at $219,035,000 after buying an additional 935,855 shares in the last quarter. Jordan Park Trust Co LLC increased its position in shares of Samsara by 54.1% during the fourth quarter. Jordan Park Trust Co LLC now owns 3,833,929 shares of the company’s stock valued at $135,913,000 after buying an additional 1,346,628 shares during the period. Finally, GC Wealth Management RIA LLC lifted its holdings in shares of Samsara by 7.0% in the fourth quarter. GC Wealth Management RIA LLC now owns 1,091,876 shares of the company’s stock worth $38,707,000 after buying an additional 71,474 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on IOT. Wolfe Research reaffirmed an “outperform” rating on shares of Samsara in a report on Thursday, June 11th. KeyCorp reissued an “overweight” rating on shares of Samsara in a report on Friday, June 26th. BTIG Research reissued a “buy” rating and issued a $45.00 target price on shares of Samsara in a research report on Friday, June 26th. TD Cowen restated a “buy” rating and issued a $45.00 target price on shares of Samsara in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada upped their price target on Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Samsara currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.33.

Samsara Company Profile

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.