Insider Selling: Samsara (NYSE:IOT) Insider Sells $796,908.09 in Stock

Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 20,523 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $38.83, for a total value of $796,908.09. Following the completion of the transaction, the insider directly owned 977,398 shares of the company’s stock, valued at $37,952,364.34. This represents a 2.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Bicket also recently made the following trade(s):

  • On Wednesday, September 30th, John Bicket sold 84,950 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total transaction of $3,262,080.00.
  • On Tuesday, September 29th, John Bicket sold 158,427 shares of Samsara stock. The shares were sold at an average price of $37.73, for a total value of $5,977,450.71.
  • On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The stock was sold at an average price of $39.44, for a total value of $1,362,928.08.
  • On Wednesday, August 19th, John Bicket sold 93,365 shares of Samsara stock. The shares were sold at an average price of $39.93, for a total value of $3,728,064.45.
  • On Tuesday, August 18th, John Bicket sold 135,978 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total value of $5,437,760.22.
  • On Thursday, August 6th, John Bicket sold 57,267 shares of Samsara stock. The shares were sold at an average price of $37.89, for a total transaction of $2,169,846.63.
  • On Wednesday, August 5th, John Bicket sold 87,079 shares of Samsara stock. The stock was sold at an average price of $38.64, for a total transaction of $3,364,732.56.
  • On Tuesday, August 4th, John Bicket sold 119,554 shares of Samsara stock. The stock was sold at an average price of $38.34, for a total transaction of $4,583,700.36.
  • On Wednesday, July 22nd, John Bicket sold 61,352 shares of Samsara stock. The stock was sold at an average price of $33.87, for a total transaction of $2,077,992.24.
  • On Tuesday, July 21st, John Bicket sold 202,548 shares of Samsara stock. The shares were sold at an average price of $36.81, for a total transaction of $7,455,791.88.

Samsara Stock Up 5.0%

Samsara stock traded up $1.91 during trading hours on Thursday, reaching $40.04. 4,529,759 shares of the company’s stock were exchanged, compared to its average volume of 7,544,066. The firm’s 50 day simple moving average is $38.94 and its 200 day simple moving average is $34.54. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The firm has a market capitalization of $23.45 billion, a PE ratio of 346.64, a PEG ratio of 9.36 and a beta of 1.35.

Samsara (NYSE:IOT – Get Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share (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 company had revenue of $508.44 million for the quarter, compared to the consensus estimate of $483.29 million. During the same period in the previous year, the business earned $0.12 EPS. The firm’s revenue was up 29.9% compared to the same quarter last year. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Analysts anticipate that Samsara Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

IOT has been the topic of a number of research analyst reports. Cantor Fitzgerald initiated coverage on Samsara in a report on Monday, September 14th. They set an “overweight” rating and a $45.00 price target on the stock. BNP Paribas Exane lifted their price objective on shares of Samsara from $40.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. Wall Street Zen upgraded shares of Samsara from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Wells Fargo & Company increased their target price on shares of Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Finally, Craig Hallum restated a “buy” rating and issued a $54.00 price target on shares of Samsara in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Samsara currently has a consensus rating of “Moderate Buy” and an average target price of $52.05.

Read Our Latest Stock Analysis on Samsara

Institutional Trading of Samsara

Several hedge funds have recently bought and sold shares of the business. USS Investment Management Ltd acquired a new position in Samsara during the first quarter worth $28,232,000. Spyglass Capital Management LLC lifted its stake in shares of Samsara by 25.5% in the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after buying an additional 599,651 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Samsara by 17.8% during the fourth 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 during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Samsara during the 2nd quarter valued at about $4,860,000. Finally, Fieldview Capital Management LLC purchased a new stake in Samsara in the 4th quarter valued at $1,604,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Company Profile

(Get Free Report)

Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.

See Also

Insider Buying and Selling by Quarter for Samsara (NYSE:IOT)

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