Insider Selling: Samsara (NYSE:IOT) CAO Sells $31,123.40 in Stock

Samsara Inc. (NYSE:IOT) CAO Benjamin Kirchhoff sold 770 shares of the business’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $40.42, for a total value of $31,123.40. Following the completion of the transaction, the chief accounting officer owned 151,086 shares of the company’s stock, valued at $6,106,896.12. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 Tuesday, September 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The stock was sold at an average price of $42.55, for a total value of $92,120.75.
• On Monday, July 20th, Benjamin Kirchhoff sold 960 shares of Samsara stock. The shares were sold at an average price of $37.70, for a total value of $36,192.00.

Samsara Stock Up 2.1%

Shares of NYSE:IOT opened at $39.08 on Thursday. The company has a market cap of $22.88 billion, a P/E ratio of 244.24, a P/E/G ratio of 9.40 and a beta of 1.35. The business has a fifty day simple moving average of $38.78 and a 200-day simple moving average of $34.36. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47.

Samsara (NYSE:IOT) last issued 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 firm had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period last 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. Sell-side analysts expect that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BTIG Research lifted their price target on shares of Samsara from $45.00 to $54.00 and gave the company a “buy” rating in a report on Friday, September 4th. Guggenheim increased their target price on Samsara from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. TD Cowen boosted their price target on Samsara from $48.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Evercore restated an “outperform” rating and issued a $55.00 price objective on shares of Samsara in a report on Friday, September 4th. Finally, BMO Capital Markets boosted their target price on Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.05.

Institutional Trading of Samsara

A number of institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its stake in shares of Samsara by 58.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock worth $421,079,000 after purchasing an additional 4,401,082 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Samsara by 42.1% during the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after buying an additional 3,322,023 shares during the period. Wellington Management Group LLP raised its holdings in shares of Samsara by 9.6% during the 2nd quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock valued at $302,494,000 after buying an additional 813,922 shares during the period. Geode Capital Management LLC lifted its position in Samsara by 17.8% during the 4th quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock worth $219,035,000 after acquiring an additional 935,855 shares in the last quarter. Finally, Bamco Inc. NY lifted its position in Samsara by 21.9% during the 4th quarter. Bamco Inc. NY now owns 4,120,031 shares of the company’s stock worth $146,055,000 after acquiring an additional 741,200 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Company Profile

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company’s products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.