Samsara (NYSE:IOT) Insider Sanjit Biswas Sells 149,063 Shares

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 149,063 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $38.94, for a total transaction of $5,804,513.22. Following the sale, the insider owned 24,000 shares in the company, valued at $934,560. This represents a 86.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, November 5th, Sanjit Biswas sold 10,937 shares of Samsara stock. The shares were sold at an average price of $38.38, for a total transaction of $419,762.06.
• On Tuesday, October 21st, Sanjit Biswas sold 160,000 shares of Samsara stock. The shares were sold at an average price of $38.63, for a total transaction of $6,180,800.00.
• On Tuesday, October 7th, Sanjit Biswas sold 160,000 shares of Samsara stock. The stock was sold at an average price of $38.36, for a total transaction of $6,137,600.00.
• On Wednesday, September 24th, Sanjit Biswas sold 26,590 shares of Samsara stock. The stock was sold at an average price of $37.60, for a total transaction of $999,784.00.
• On Tuesday, September 23rd, Sanjit Biswas sold 133,410 shares of Samsara stock. The stock was sold at an average price of $38.97, for a total transaction of $5,198,987.70.
• On Wednesday, September 3rd, Sanjit Biswas sold 30,145 shares of Samsara stock. The stock was sold at an average price of $35.57, for a total transaction of $1,072,257.65.
• On Tuesday, September 2nd, Sanjit Biswas sold 129,855 shares of Samsara stock. The stock was sold at an average price of $35.37, for a total transaction of $4,592,971.35.
• On Wednesday, August 20th, Sanjit Biswas sold 57,177 shares of Samsara stock. The shares were sold at an average price of $32.58, for a total transaction of $1,862,826.66.
• On Tuesday, August 19th, Sanjit Biswas sold 102,823 shares of Samsara stock. The shares were sold at an average price of $33.44, for a total transaction of $3,438,401.12.

Samsara Trading Down 1.7%

NYSE:IOT traded down $0.64 during trading hours on Thursday, hitting $38.11. 4,226,657 shares of the company traded hands, compared to its average volume of 4,910,350. The stock has a market capitalization of $21.86 billion, a price-to-earnings ratio of -238.19 and a beta of 1.61. Samsara Inc. has a twelve month low of $31.40 and a twelve month high of $61.90. The firm has a 50-day moving average of $38.50 and a 200 day moving average of $39.36.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $391.48 million during the quarter, compared to analysts’ expectations of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The business’s revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 EPS. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. Equities research analysts predict that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC bought a new position in shares of Samsara in the 4th quarter worth $13,464,000. Cambridge Investment Research Advisors Inc. increased its holdings in Samsara by 47.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,407 shares of the company’s stock worth $361,000 after buying an additional 3,007 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Samsara in the 1st quarter worth about $1,457,000. Bank of New York Mellon Corp grew its holdings in Samsara by 4.3% during the 1st quarter. Bank of New York Mellon Corp now owns 782,661 shares of the company’s stock valued at $29,999,000 after buying an additional 32,253 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Samsara by 91.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 92,873 shares of the company’s stock valued at $3,560,000 after buying an additional 44,324 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IOT shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Samsara in a report on Wednesday, October 8th. Morgan Stanley raised their target price on shares of Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, September 8th. Truist Financial raised their target price on shares of Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, September 5th. Evercore ISI set a $50.00 target price on shares of Samsara and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Wall Street Zen lowered shares of Samsara from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Samsara has an average rating of “Hold” and an average price target of $49.55.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.