Samsara (NYSE:IOT) Insider John Bicket Sells 95,485 Shares of Company Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 95,485 shares of the stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $41.87, for a total value of $3,997,956.95. Following the transaction, the insider directly owned 41,000 shares of the company’s stock, valued at approximately $1,716,670. This trade represents a 69.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value 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 value of $4,245,894.84.
• 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 shares were sold at an average price of $38.40, for a total transaction of $3,262,080.00.
• On Tuesday, September 29th, John Bicket sold 158,427 shares of Samsara stock. The shares were sold at an average price of $37.73, for a total value of $5,977,450.71.
• On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The stock was sold at an average price of $39.44, for a total value of $1,362,928.08.
• On Wednesday, August 19th, John Bicket sold 93,365 shares of Samsara stock. The stock was sold at an average price of $39.93, for a total value of $3,728,064.45.
• On Tuesday, August 18th, John Bicket sold 135,978 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total transaction of $5,437,760.22.
• On Thursday, August 6th, John Bicket sold 57,267 shares of Samsara stock. The stock was sold at an average price of $37.89, for a total value of $2,169,846.63.
• On Wednesday, August 5th, John Bicket sold 87,079 shares of Samsara stock. The shares were sold at an average price of $38.64, for a total transaction of $3,364,732.56.

Samsara Stock Performance

NYSE:IOT traded up $1.81 during trading hours on Thursday, reaching $42.61. The company’s stock had a trading volume of 3,214,883 shares, compared to its average volume of 4,813,616. The firm has a 50-day simple moving average of $39.89 and a 200-day simple moving average of $35.14. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47. The firm has a market capitalization of $24.95 billion, a price-to-earnings ratio of 266.32, a PEG ratio of 10.02 and a beta of 1.35.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $508.44 million during the quarter, compared to analysts’ expectations of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. Equities analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Samsara

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP raised its holdings in 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 period. Bamco Inc. NY grew its holdings in Samsara by 21.9% during the fourth 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. Spyglass Capital Management LLC increased its position in Samsara by 4.7% in the second quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company’s stock worth $100,068,000 after buying an additional 139,009 shares in the last quarter. Bank of America Corp DE increased its position 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 worth $85,886,000 after buying an additional 794,255 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in Samsara by 3.3% in the first quarter. Bessemer Group Inc. now owns 1,675,509 shares of the company’s stock worth $53,097,000 after buying an additional 53,576 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IOT shares. JPMorgan Chase & Co. raised their target price on shares of Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Weiss Ratings raised Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Craig Hallum reissued a “buy” rating and set a $54.00 price objective on shares of Samsara in a research report on Friday, September 4th. Royal Bank Of Canada boosted their price target on Samsara from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Finally, Wells Fargo & Company increased their price objective on shares of Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company 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 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.