Insider Selling: Samsara (NYSE:IOT) CEO Sells $5,978,091.48 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 158,402 shares of the stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $37.74, for a total transaction of $5,978,091.48. Following the completion of the sale, the chief executive officer owned 51,600 shares in the company, valued at $1,947,384. This represents a 75.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The shares were sold at an average price of $38.81, for a total value of $820,016.49.
• On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total value of $3,239,769.60.
• On Thursday, August 20th, Sanjit Biswas sold 35,366 shares of Samsara stock. The stock was sold at an average price of $39.43, for a total value of $1,394,481.38.
• On Wednesday, August 19th, Sanjit Biswas sold 93,079 shares of Samsara stock. The shares were sold at an average price of $39.94, for a total value of $3,717,575.26.
• On Tuesday, August 18th, Sanjit Biswas sold 135,455 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total value of $5,416,845.45.
• On Thursday, August 6th, Sanjit Biswas sold 57,090 shares of Samsara stock. The stock was sold at an average price of $37.89, for a total transaction of $2,163,140.10.
• On Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The shares were sold at an average price of $38.64, for a total transaction of $3,374,547.12.
• On Tuesday, August 4th, Sanjit Biswas sold 119,477 shares of Samsara stock. The shares were sold at an average price of $38.34, for a total transaction of $4,580,748.18.
• On Wednesday, July 22nd, Sanjit Biswas sold 61,283 shares of Samsara stock. The stock was sold at an average price of $33.87, for a total transaction of $2,075,655.21.
• On Tuesday, July 21st, Sanjit Biswas sold 202,617 shares of Samsara stock. The stock was sold at an average price of $36.81, for a total transaction of $7,458,331.77.

Samsara Trading Up 2.7%

IOT opened at $41.12 on Friday. The stock has a market capitalization of $24.08 billion, a P/E ratio of 257.01, a P/E/G ratio of 10.10 and a beta of 1.35. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47. The firm’s fifty day simple moving average is $39.27 and its 200 day simple moving average is $34.65.

Samsara (NYSE:IOT) last released its 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 during the quarter, compared to analysts’ expectations of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The company’s revenue was up 29.9% on a year-over-year basis. 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. On average, equities research analysts predict that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Samsara

Hedge funds and other institutional investors have recently bought and sold shares of the business. Anchor Investment Management LLC bought a new stake in Samsara in the second quarter valued at approximately $46,000. Tidal Investments LLC boosted its stake in shares of Samsara by 347.6% during the 2nd quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock worth $2,339,000 after acquiring an additional 56,016 shares during the period. Engineers Gate Manager LP bought a new position in shares of Samsara during the 2nd quarter worth approximately $671,000. RFG Advisory LLC increased its holdings in shares of Samsara by 1.9% during the 2nd quarter. RFG Advisory LLC now owns 111,482 shares of the company’s stock worth $3,615,000 after acquiring an additional 2,117 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in Samsara by 63.1% in the 2nd quarter. IFP Advisors Inc now owns 3,589 shares of the company’s stock valued at $116,000 after acquiring an additional 1,389 shares during the period. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Craig Hallum restated a “buy” rating and set a $54.00 target price on shares of Samsara in a report on Friday, September 4th. Wolfe Research reissued an “outperform” rating on shares of Samsara in a research report on Thursday, June 11th. BMO Capital Markets increased their price objective on shares of Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. BTIG Research raised their price objective on Samsara from $45.00 to $54.00 and gave the company a “buy” rating in a report on Friday, September 4th. Finally, Evercore reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Samsara in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.05.

Key Headlines Impacting Samsara

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Analysts remain broadly optimistic, with Samsara carrying a consensus “Moderate Buy” rating and an average price target of $52.05. TD Cowen raised its target to $53, while Wells Fargo increased its target to $58, suggesting considerable potential upside from recent levels. Samsara Inc. Stock Has Average Price Target of $52.05 According to Analysts
• Positive Sentiment: The company’s latest quarterly results beat expectations. Samsara reported adjusted earnings per share of $0.20 versus the $0.16 consensus estimate, while revenue reached $508.44 million compared with forecasts of $483.29 million. Revenue increased 29.9% year over year, and fiscal 2027 EPS guidance was set at $0.760 to $0.780.
• Neutral Sentiment: Valuation remains demanding. Samsara’s high earnings multiple leaves the stock vulnerable if growth slows, guidance disappoints or investors reduce exposure to premium-priced software companies.
• Negative Sentiment: CEO Sanjit Biswas and insider John Bicket collectively sold approximately 527,800 shares between September 29 and October 1 for roughly $20.1 million. The transactions significantly reduced their direct holdings and may weigh on investor sentiment. However, each sale was made under a pre-arranged Rule 10b5-1 trading plan, indicating the transactions were scheduled in advance rather than necessarily reflecting a new negative view of Samsara’s outlook. SEC Insider Trading Filing

About Samsara

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

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.