Marc Andreessen Sells 500,000 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 500,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $33.68, for a total transaction of $16,840,000.00. Following the completion of the transaction, the director directly owned 2,870,147 shares of the company’s stock, valued at approximately $96,666,550.96. The trade was a 14.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Samsara Price Performance

Shares of IOT traded up $1.31 during midday trading on Friday, hitting $33.57. The stock had a trading volume of 6,753,631 shares, compared to its average volume of 7,502,585. The company has a 50 day simple moving average of $30.82 and a two-hundred day simple moving average of $32.34. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The firm has a market cap of $19.50 billion, a price-to-earnings ratio of 335.76, a price-to-earnings-growth ratio of 7.63 and a beta of 1.34.

Samsara (NYSE:IOT) last posted its quarterly earnings data 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. The company had revenue of $478.84 million during the quarter, compared to analysts’ expectations of $455.21 million. Samsara had a return on equity of 2.00% and a net margin of 3.32%.Samsara’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. Analysts forecast that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Samsara

Several hedge funds have recently added to or reduced their stakes in IOT. Baillie Gifford & Co. increased its holdings in shares of Samsara by 15.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock valued at $1,689,565,000 after purchasing an additional 6,208,553 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Samsara by 11.5% during the 4th quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock worth $1,174,620,000 after buying an additional 3,417,849 shares during the last quarter. Sands Capital Management LLC lifted its stake in shares of Samsara by 6.4% during the 3rd quarter. Sands Capital Management LLC now owns 20,518,332 shares of the company’s stock worth $764,308,000 after buying an additional 1,242,122 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Samsara by 58.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock worth $421,079,000 after buying an additional 4,401,082 shares during the period. Finally, Brown Advisory Inc. grew its stake in Samsara by 42.1% in the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after buying an additional 3,322,023 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IOT shares. Evercore reaffirmed an “outperform” rating on shares of Samsara in a research note on Friday, March 6th. Wolfe Research reissued an “outperform” rating on shares of Samsara in a research report on Thursday. Truist Financial decreased their target price on shares of Samsara from $39.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, February 17th. Royal Bank Of Canada lifted their price target on shares of Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Finally, BMO Capital Markets boosted their price target on shares of Samsara from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Samsara currently has a consensus rating of “Moderate Buy” and an average price target of $46.53.

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.