Insider Selling: Samsara (NYSE:IOT) Insider Sells $3,123,095.55 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 74,271 shares of the company’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $42.05, for a total value of $3,123,095.55. Following the completion of the sale, the insider owned 95,501 shares in the company, valued at $4,015,817.05. This represents a 43.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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, November 12th, John Bicket sold 66,895 shares of Samsara stock. The shares were sold at an average price of $41.45, for a total value of $2,772,797.75.
• 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 value 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 shares were 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 shares were 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 stock was 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 stock was 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 shares were sold at an average price of $38.40, for a total transaction of $3,262,080.00.

Samsara Stock Up 0.1%

Shares of IOT traded up $0.06 on Friday, hitting $41.38. 2,568,004 shares of the stock traded hands, compared to its average volume of 6,484,647. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47. The stock’s 50 day moving average is $40.91 and its two-hundred day moving average is $34.70. The firm has a market capitalization of $24.23 billion, a P/E ratio of 258.62, a P/E/G 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, topping the consensus estimate 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 net margin of 4.90% and a return on equity of 4.13%. Samsara’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the previous 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. Research analysts forecast that Samsara Inc. will post 0.13 EPS for the current year.

Analyst Upgrades and Downgrades

IOT has been the topic of several analyst reports. Jefferies Financial Group started coverage on Samsara in a report on Sunday, October 4th. They set a “buy” rating and a $50.00 price objective on the stock. Craig Hallum reiterated a “buy” rating and issued a $54.00 target price on shares of Samsara in a research note on Friday, September 4th. Cantor Fitzgerald initiated coverage on Samsara in a research report on Monday, September 14th. They set an “overweight” rating and a $45.00 target price on the stock. Wells Fargo & Company raised their price target on Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Finally, Bank of America lifted their price target on Samsara from $47.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Samsara presently has a consensus rating of “Moderate Buy” and an average price target of $51.68.

Hedge Funds Weigh In On Samsara

Large investors have recently bought and sold shares of the stock. Three Bridge Wealth Advisors LLC acquired a new position in shares of Samsara in the 3rd quarter valued at $29,000. Markowski Investments purchased a new stake in shares of Samsara during the 2nd quarter valued at $37,000. Parkside Financial Bank & Trust increased its holdings in shares of Samsara by 91.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after buying an additional 656 shares during the last quarter. Capital Advisor Network LLC acquired a new stake in shares of Samsara during the 3rd quarter worth $45,000. Finally, Anchor Investment Management LLC acquired a new stake in shares of Samsara during the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.