Insider Selling: Samsara (NYSE:IOT) Insider Sells $697,874.76 in Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 17,908 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $38.97, for a total value of $697,874.76. Following the transaction, the insider owned 1,036,149 shares in the company, valued at approximately $40,378,726.53. This trade represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dominic Phillips also recently made the following trade(s):

• On Thursday, October 1st, Dominic Phillips sold 12,064 shares of Samsara stock. The shares were sold at an average price of $38.97, for a total value of $470,134.08.
• On Friday, September 4th, Dominic Phillips sold 17,909 shares of Samsara stock. The shares were sold at an average price of $44.25, for a total transaction of $792,473.25.
• On Friday, September 4th, Dominic Phillips sold 11,710 shares of Samsara stock. The stock was sold at an average price of $44.25, for a total transaction of $518,167.50.
• On Monday, August 3rd, Dominic Phillips sold 17,908 shares of Samsara stock. The shares were sold at an average price of $37.62, for a total transaction of $673,698.96.
• On Monday, August 3rd, Dominic Phillips sold 11,710 shares of Samsara stock. The shares were sold at an average price of $37.62, for a total transaction of $440,530.20.

Samsara Stock Performance

NYSE:IOT traded up $1.34 during trading hours on Monday, hitting $42.46. The stock had a trading volume of 8,075,499 shares, compared to its average volume of 6,915,373. The business’s 50 day moving average is $39.27 and its 200-day moving average is $34.66. The company has a market cap of $24.86 billion, a price-to-earnings ratio of 265.37, a P/E/G ratio of 10.10 and a beta of 1.35. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The company 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 posted $0.12 earnings per share. The business’s quarterly 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. On average, sell-side analysts anticipate that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IOT has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price target on Samsara from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Jefferies Financial Group started coverage on Samsara in a research note on Sunday. They set a “buy” rating and a $50.00 target price for the company. BTIG Research raised their target price on shares of Samsara from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Craig Hallum reaffirmed a “buy” rating and issued a $54.00 price target on shares of Samsara in a research note on Friday, September 4th. Finally, Wolfe Research reissued an “outperform” rating on shares of Samsara in a research report on Thursday, June 11th. One investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.68.

Institutional Investors Weigh In On Samsara

A number of hedge funds and other institutional investors have recently bought and sold shares of IOT. Anchor Investment Management LLC acquired a new stake in Samsara in the 2nd quarter valued at approximately $46,000. Tidal Investments LLC grew its stake in shares of Samsara by 347.6% during the 2nd quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock worth $2,339,000 after acquiring an additional 56,016 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Samsara during the 2nd quarter worth approximately $671,000. RFG Advisory LLC raised its holdings in shares of Samsara by 1.9% in the second quarter. RFG Advisory LLC now owns 111,482 shares of the company’s stock valued at $3,615,000 after purchasing an additional 2,117 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Samsara by 63.1% in the second quarter. IFP Advisors Inc now owns 3,589 shares of the company’s stock valued at $116,000 after purchasing an additional 1,389 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Company Profile

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.