Samsara (NYSE:IOT) CEO Sells $7,458,331.77 in Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 202,617 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $36.81, for a total value of $7,458,331.77. Following the completion of the transaction, the chief executive officer directly owned 83,400 shares of the company’s stock, valued at approximately $3,069,954. The trade was a 70.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 22nd, Sanjit Biswas sold 61,283 shares of Samsara stock. The shares were sold at an average price of $33.87, for a total value of $2,075,655.21.
• On Wednesday, July 8th, Sanjit Biswas sold 19,095 shares of Samsara stock. The shares were sold at an average price of $35.09, for a total value of $670,043.55.
• On Tuesday, July 7th, Sanjit Biswas sold 244,805 shares of Samsara stock. The stock was sold at an average price of $36.77, for a total value of $9,001,479.85.
• On Thursday, May 28th, Sanjit Biswas sold 31,081 shares of Samsara stock. The shares were sold at an average price of $31.21, for a total value of $970,038.01.
• On Wednesday, May 27th, Sanjit Biswas sold 128,159 shares of Samsara stock. The shares were sold at an average price of $30.03, for a total transaction of $3,848,614.77.
• On Tuesday, May 26th, Sanjit Biswas sold 104,660 shares of Samsara stock. The stock was sold at an average price of $31.10, for a total transaction of $3,254,926.00.
• On Wednesday, May 13th, Sanjit Biswas sold 95,628 shares of Samsara stock. The shares were sold at an average price of $27.47, for a total transaction of $2,626,901.16.
• On Tuesday, May 12th, Sanjit Biswas sold 168,272 shares of Samsara stock. The shares were sold at an average price of $28.58, for a total transaction of $4,809,213.76.
• On Thursday, April 30th, Sanjit Biswas sold 72,958 shares of Samsara stock. The stock was sold at an average price of $28.49, for a total transaction of $2,078,573.42.
• On Wednesday, April 29th, Sanjit Biswas sold 87,067 shares of Samsara stock. The stock was sold at an average price of $29.05, for a total transaction of $2,529,296.35.

Samsara Trading Down 7.4%

NYSE IOT opened at $35.89 on Friday. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47. The company has a 50 day moving average of $34.29 and a 200-day moving average of $31.48. The firm has a market cap of $20.91 billion, a price-to-earnings ratio of 358.96, a PEG ratio of 8.70 and a beta of 1.35.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The business had revenue of $478.84 million for the quarter, compared to the consensus estimate of $455.21 million. During the same period in the previous year, the business earned $0.11 EPS. Samsara’s revenue was up 30.5% compared to the same quarter last year. 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 forecast that Samsara Inc. will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IOT. Assenagon Asset Management S.A. grew its holdings in Samsara by 43.9% during the second quarter. Assenagon Asset Management S.A. now owns 22,987 shares of the company’s stock valued at $745,000 after purchasing an additional 7,015 shares during the period. Archer Investment Management LLC acquired a new stake in Samsara in the second quarter worth $454,000. Balefire LLC acquired a new stake in Samsara in the second quarter worth $209,000. Avior Wealth Management LLC boosted its position in shares of Samsara by 10.3% during the second quarter. Avior Wealth Management LLC now owns 15,956 shares of the company’s stock worth $517,000 after purchasing an additional 1,494 shares in the last quarter. Finally, CX Institutional bought a new position in shares of Samsara during the second quarter worth $64,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. TD Cowen reiterated a “buy” rating and set a $45.00 price target on shares of Samsara in a research report on Thursday, June 25th. Zacks Research downgraded shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Jefferies Financial Group upgraded shares of Samsara to a “buy” rating in a research report on Thursday, June 11th. Weiss Ratings raised shares of Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. Finally, Wells Fargo & Company raised their price target on shares of Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.33.

About Samsara

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.