Samsara (NYSE:IOT) Director Marc Andreessen Sells 567,827 Shares

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 567,827 shares of Samsara stock in a transaction on Monday, June 8th. The stock was sold at an average price of $34.09, for a total transaction of $19,357,222.43. Following the sale, the director directly owned 3,945,147 shares of the company’s stock, valued at $134,490,061.23. This represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Samsara Stock Down 3.2%

Samsara stock opened at $32.56 on Thursday. The company has a market capitalization of $18.91 billion, a PE ratio of 325.61, a P/E/G ratio of 7.85 and a beta of 1.34. The firm has a fifty day simple moving average of $30.81 and a two-hundred day simple moving average of $32.37. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $478.84 million during the quarter, compared to the consensus estimate of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.07%. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. As a group, equities analysts expect that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IOT has been the subject of several recent research reports. Piper Sandler reissued an “overweight” rating and issued a $40.00 price target (up from $39.00) on shares of Samsara in a research note on Friday, June 5th. Evercore reissued an “outperform” rating on shares of Samsara in a research note on Friday, March 6th. TD Cowen reissued a “buy” rating on shares of Samsara in a research note on Friday, May 22nd. The Goldman Sachs Group set a $45.00 price target on shares of Samsara in a research note on Monday, March 2nd. Finally, Truist Financial decreased their price objective on shares of Samsara from $39.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Samsara presently has a consensus rating of “Moderate Buy” and an average price target of $46.53.

Hedge Funds Weigh In On Samsara

Hedge funds and other institutional investors have recently modified their holdings of the stock. Westfield Capital Management Co. LP increased its position in shares of Samsara by 7.1% during the third quarter. Westfield Capital Management Co. LP now owns 3,801,787 shares of the company’s stock valued at $141,617,000 after buying an additional 252,681 shares during the period. American Century Companies Inc. increased its position in shares of Samsara by 13.7% during the third quarter. American Century Companies Inc. now owns 1,786,790 shares of the company’s stock valued at $66,558,000 after buying an additional 214,793 shares during the period. OneDigital Investment Advisors LLC grew its holdings in Samsara by 184.2% in the third quarter. OneDigital Investment Advisors LLC now owns 180,153 shares of the company’s stock worth $6,711,000 after purchasing an additional 116,767 shares during the period. RFG Advisory LLC grew its holdings in Samsara by 290.3% in the third quarter. RFG Advisory LLC now owns 64,704 shares of the company’s stock worth $2,410,000 after purchasing an additional 48,127 shares during the period. Finally, Quantbot Technologies LP grew its holdings in Samsara by 9,688.4% in the third quarter. Quantbot Technologies LP now owns 65,778 shares of the company’s stock worth $2,450,000 after purchasing an additional 65,106 shares during the period. Hedge funds and other 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.