Samsara (NYSE:IOT) CEO Sanjit Biswas Sells 158,402 Shares of Company Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 158,402 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $37.74, for a total value of $5,978,091.48. Following the completion of the sale, the chief executive officer directly owned 51,600 shares in the company, valued at approximately $1,947,384. This represents a 75.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The stock was 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 shares were 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 transaction 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 transaction of $5,416,845.45.
• On Thursday, August 6th, Sanjit Biswas sold 57,090 shares of Samsara stock. The shares were 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 Price Performance

Shares of NYSE:IOT traded up $1.91 during trading on Thursday, reaching $40.04. The stock had a trading volume of 4,529,759 shares, compared to its average volume of 7,544,066. The stock has a market capitalization of $23.45 billion, a PE ratio of 346.64, a P/E/G ratio of 9.36 and a beta of 1.35. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The business’s 50-day moving average price is $38.94 and its 200 day moving average price is $34.54.

Samsara (NYSE:IOT) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The business had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. During the same period in the prior year, the company earned $0.12 EPS. Samsara’s revenue for the quarter was up 29.9% on a year-over-year basis. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Analysts forecast that Samsara Inc. will post 0.13 EPS for the current year.

Institutional Investors Weigh In On Samsara

Institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in Samsara by 58.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after acquiring an additional 4,401,082 shares during the last quarter. Brown Advisory Inc. raised its position 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 acquiring an additional 3,322,023 shares during the last quarter. Wellington Management Group LLP raised its position 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 acquiring an additional 813,922 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Samsara by 17.8% in the 4th quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock valued at $219,035,000 after purchasing an additional 935,855 shares during the period. Finally, Bamco Inc. NY lifted its stake in shares of Samsara by 21.9% in the 4th quarter. Bamco Inc. NY now owns 4,120,031 shares of the company’s stock valued at $146,055,000 after purchasing an additional 741,200 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen raised Samsara from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. Truist Financial increased their price objective on shares of Samsara from $38.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, September 4th. Weiss Ratings cut shares of Samsara from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, September 9th. Jefferies Financial Group raised shares of Samsara to a “buy” rating in a research note on Thursday, June 11th. Finally, Evercore reiterated an “outperform” rating and set a $55.00 target price on shares of Samsara in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Samsara has an average rating of “Moderate Buy” and a consensus target price of $52.05.

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.