Marc Andreessen Sells 575,000 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 575,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $34.12, for a total value of $19,619,000.00. Following the completion of the transaction, the director directly owned 3,370,147 shares of the company’s stock, valued at $114,989,415.64. This represents a 14.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Samsara Stock Performance

Shares of IOT traded down $1.06 on Wednesday, reaching $32.56. The stock had a trading volume of 5,974,143 shares, compared to its average volume of 7,512,456. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 325.61, a price-to-earnings-growth ratio of 15.50 and a beta of 1.34. The company has a 50-day simple moving average of $30.77 and a 200-day simple moving average of $32.39. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. Samsara had a return on equity of 2.07% and a net margin of 3.32%.The business had revenue of $478.84 million during the quarter, compared to analyst estimates of $455.21 million. During the same quarter last year, the firm posted $0.11 earnings per share. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, analysts expect that Samsara Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Piper Sandler restated an “overweight” rating and issued a $40.00 price objective (up from $39.00) on shares of Samsara in a report on Friday, June 5th. KeyCorp boosted their price target on Samsara from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Evercore restated an “outperform” rating on shares of Samsara in a research note on Friday, March 6th. Royal Bank Of Canada lifted their price objective on Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Finally, Truist Financial dropped their target price on Samsara from $39.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Samsara presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Evolutionary Tree Capital Management LLC purchased a new stake in shares of Samsara during the first quarter valued at approximately $1,340,000. Bank of America Corp DE raised its holdings in Samsara by 41.5% in the 1st quarter. Bank of America Corp DE now owns 2,710,202 shares of the company’s stock worth $85,886,000 after acquiring an additional 794,255 shares during the last quarter. Cim LLC lifted its position in Samsara by 1.3% in the 1st quarter. Cim LLC now owns 34,505 shares of the company’s stock valued at $1,093,000 after acquiring an additional 455 shares in the last quarter. Spyglass Capital Management LLC lifted its position in Samsara by 25.5% in the 1st quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after acquiring an additional 599,651 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Samsara by 36.5% during the 1st quarter. Sunbelt Securities Inc. now owns 11,400 shares of the company’s stock valued at $361,000 after purchasing an additional 3,050 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Samsara Company Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.