Insider Selling: Samsara (NYSE:IOT) Insider Sells $2,772,797.75 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 66,895 shares of Samsara stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $41.45, for a total value of $2,772,797.75. Following the completion of the transaction, the insider directly owned 89,900 shares of the company’s stock, valued at $3,726,355. This represents a 42.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Bicket also recently made the following trade(s):

• On Wednesday, November 11th, John Bicket sold 74,271 shares of Samsara stock. The stock was sold at an average price of $42.05, for a total transaction of $3,123,095.55.
• On Tuesday, November 10th, John Bicket sold 93,862 shares of Samsara stock. The stock was sold at an average price of $41.39, for a total transaction of $3,884,948.18.
• On Thursday, October 29th, John Bicket sold 42,507 shares of Samsara stock. The shares were sold at an average price of $41.58, for a total transaction of $1,767,441.06.
• On Wednesday, October 28th, John Bicket sold 107,729 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total transaction of $4,629,115.13.
• On Tuesday, October 27th, John Bicket sold 113,664 shares of Samsara stock. The stock was sold at an average price of $43.38, for a total transaction of $4,930,744.32.
• On Thursday, October 15th, John Bicket sold 65,209 shares of Samsara stock. The stock was sold at an average price of $42.27, for a total transaction of $2,756,384.43.
• On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total transaction of $4,245,894.84.
• On Tuesday, October 13th, John Bicket sold 95,485 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total transaction of $3,997,956.95.
• On Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The shares were sold at an average price of $38.83, for a total transaction of $796,908.09.
• On Wednesday, September 30th, John Bicket sold 84,950 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total transaction of $3,262,080.00.

Samsara Stock Up 0.1%

NYSE:IOT traded up $0.06 during trading hours on Friday, hitting $41.38. 2,568,004 shares of the stock were exchanged, compared to its average volume of 6,484,647. The company’s 50 day moving average is $40.91 and its two-hundred day moving average is $34.70. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The company has a market capitalization of $24.23 billion, a P/E ratio of 258.62, a price-to-earnings-growth ratio of 10.37 and a beta of 1.33.

Samsara (NYSE:IOT) last released its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. The company 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 business’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period last year, the firm 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 expect that Samsara Inc. will post 0.13 EPS for the current year.

Institutional Trading of Samsara

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in shares of Samsara by 9.6% in the 2nd quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock worth $302,494,000 after purchasing an additional 813,922 shares during the last quarter. Spyglass Capital Management LLC grew its stake in shares of Samsara by 4.7% during the second quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company’s stock worth $100,068,000 after purchasing an additional 139,009 shares during the period. Bank of America Corp DE increased its holdings in Samsara by 41.5% in the first quarter. Bank of America Corp DE now owns 2,710,202 shares of the company’s stock valued at $85,886,000 after purchasing an additional 794,255 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in Samsara by 26.0% in the third quarter. Pictet Asset Management Holding SA now owns 2,660,574 shares of the company’s stock valued at $101,448,000 after purchasing an additional 548,698 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in Samsara by 14.8% in the third quarter. Voya Investment Management LLC now owns 2,533,060 shares of the company’s stock valued at $96,586,000 after purchasing an additional 326,692 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on IOT shares. Morgan Stanley lifted their price objective on Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, September 4th. Bank of America upped their target price on shares of Samsara from $47.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, September 4th. BMO Capital Markets raised their target price on shares of Samsara from $44.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. Piper Sandler reiterated a “neutral” rating and set a $46.00 price target (up from $40.00) on shares of Samsara in a research report on Friday, September 4th. Finally, Wall Street Zen upgraded shares of Samsara from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Samsara has an average rating of “Moderate Buy” and a consensus target price of $51.68.

About Samsara

Samsara Inc. is a technology company that provides a cloud-based platform for managing connected operations. Its platform combines Internet of Things (IoT) devices, software and data analytics to help organizations monitor vehicles, equipment, worksites and other physical assets. The company’s products include vehicle telematics, fleet management tools, AI-enabled dash cameras, equipment monitoring and software for routing, driver safety and operational workflows. Its customers span industries such as transportation, construction, field services, manufacturing and the public sector.