Samsara (NYSE:IOT) CAO Sells 2,165 Shares

Samsara Inc. (NYSE:IOT) CAO Benjamin Kirchhoff sold 2,165 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $42.55, for a total transaction of $92,120.75. Following the completion of the transaction, the chief accounting officer owned 151,856 shares in the company, valued at $6,461,472.80. This trade represents a 1.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 Monday, July 20th, Benjamin Kirchhoff sold 960 shares of Samsara stock. The stock was sold at an average price of $37.70, for a total transaction of $36,192.00.

Samsara Trading Down 1.6%

Samsara stock traded down $0.66 during mid-day trading on Thursday, hitting $40.00. The stock had a trading volume of 3,605,598 shares, compared to its average volume of 7,541,922. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The firm has a market capitalization of $23.31 billion, a P/E ratio of 369.64, a P/E/G ratio of 10.01 and a beta of 1.35. The firm’s 50 day moving average is $38.56 and its 200 day moving average is $34.01.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The business had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. During the same period last year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was up 29.9% on a year-over-year basis. 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, equities research analysts forecast that Samsara Inc. will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Bank of America lifted their price target on shares of Samsara from $47.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 4th. TD Cowen boosted their target price on shares of Samsara from $48.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Weiss Ratings downgraded Samsara from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, September 9th. Wells Fargo & Company upped their price objective on Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Finally, Jefferies Financial Group raised shares of Samsara to a “buy” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.05.

Institutional Trading of Samsara

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Anchor Investment Management LLC purchased a new position in Samsara during the 2nd quarter worth $46,000. Tidal Investments LLC raised its holdings in shares of Samsara by 347.6% in the second quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock worth $2,339,000 after buying an additional 56,016 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Samsara in the second quarter valued at approximately $671,000. RFG Advisory LLC raised its position in Samsara by 1.9% during the 2nd quarter. RFG Advisory LLC now owns 111,482 shares of the company’s stock worth $3,615,000 after buying an additional 2,117 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Samsara by 63.1% during the 2nd quarter. IFP Advisors Inc now owns 3,589 shares of the company’s stock valued at $116,000 after acquiring an additional 1,389 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

About Samsara

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company’s products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.