Samsara (NYSE:IOT) CAO Benjamin Louis Kirchhoff Sells 770 Shares of Company Stock

Samsara Inc. (NYSE:IOT) CAO Benjamin Kirchhoff sold 770 shares of the stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $39.79, for a total value of $30,638.30. Following the completion of the transaction, the chief accounting officer directly owned 148,151 shares in the company, valued at approximately $5,894,928.29. This trade represents a 0.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Benjamin Louis Kirchhoff also recently made the following trade(s):

• On Thursday, October 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The stock was sold at an average price of $40.40, for a total value of $87,466.00.
• On Friday, September 18th, Benjamin Kirchhoff sold 770 shares of Samsara stock. The stock was sold at an average price of $40.42, for a total value of $31,123.40.
• On Tuesday, September 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The shares were sold at an average price of $42.55, for a total value of $92,120.75.

Samsara Trading Up 1.9%

Shares of IOT stock opened at $43.21 on Thursday. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The stock has a market capitalization of $25.30 billion, a price-to-earnings ratio of 270.04, a P/E/G ratio of 10.41 and a beta of 1.35. The stock has a fifty day simple moving average of $40.08 and a two-hundred day simple moving average of $35.51.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $508.44 million for the quarter, compared to the consensus estimate of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The business’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 EPS. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Research analysts predict that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IOT has been the topic of several recent research reports. TD Cowen increased 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. Jefferies Financial Group started coverage on shares of Samsara in a research report on Sunday, October 4th. They set a “buy” rating and a $50.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, September 4th. BNP Paribas Exane upped their price target on shares of Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Finally, Wells Fargo & Company upped their price target on shares of Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. USS Investment Management Ltd purchased a new position in shares of Samsara in the 1st quarter worth approximately $28,232,000. Spyglass Capital Management LLC raised its stake in shares of Samsara by 25.5% during the 1st quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock worth $93,379,000 after acquiring an additional 599,651 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Samsara during the second quarter valued at approximately $4,860,000. Tidal Investments LLC lifted its position in Samsara by 347.6% during the second quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock valued at $2,339,000 after acquiring an additional 56,016 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Samsara by 226.3% in the first quarter. Fifth Third Bancorp now owns 54,335 shares of the company’s stock valued at $1,722,000 after acquiring an additional 37,683 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

About Samsara

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

The company’s products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.