Dominic Phillips Sells 19,547 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 19,547 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $35.39, for a total transaction of $691,768.33. Following the sale, the insider owned 929,575 shares of the company’s stock, valued at $32,897,659.25. This trade represents a 2.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dominic Phillips also recently made the following trade(s):

• On Friday, May 1st, Dominic Phillips sold 19,547 shares of Samsara stock. The stock was sold at an average price of $30.00, for a total transaction of $586,410.00.
• On Wednesday, April 1st, Dominic Phillips sold 20,139 shares of Samsara stock. The stock was sold at an average price of $31.81, for a total transaction of $640,621.59.

Samsara Stock Performance

Shares of IOT opened at $32.56 on Thursday. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The company has a market capitalization of $18.91 billion, a price-to-earnings ratio of 325.61, a price-to-earnings-growth ratio of 7.85 and a beta of 1.34. The firm has a 50-day simple moving average of $30.81 and a 200-day simple moving average of $32.37.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. Samsara had a net margin of 3.32% and a return on equity of 2.07%. The business had revenue of $478.84 million during the quarter, compared to the consensus estimate of $455.21 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The business’s quarterly 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. Equities research analysts forecast that Samsara Inc. will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Samsara

A number of hedge funds have recently added to or reduced their stakes in IOT. Brighton Jones LLC acquired a new stake in Samsara in the fourth quarter valued at about $13,464,000. Royal Bank of Canada increased its holdings in Samsara by 100.3% in the first quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock valued at $3,686,000 after buying an additional 48,135 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Samsara by 2,444.6% in the first quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock valued at $682,000 after buying an additional 17,088 shares in the last quarter. Empowered Funds LLC increased its holdings in Samsara by 3.4% in the first quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock valued at $390,000 after buying an additional 335 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Samsara by 142.4% in the second quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock valued at $2,739,000 after buying an additional 40,450 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Evercore reiterated an “outperform” rating on shares of Samsara in a research note on Friday, March 6th. Zacks Research downgraded shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada raised their price objective on shares of Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Wells Fargo & Company raised their price objective on shares of Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Finally, BTIG Research restated a “buy” rating and issued a $45.00 price objective on shares of Samsara in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.53.

Samsara Company Profile

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.