Samsara (NYSE:IOT) CAO Benjamin Louis Kirchhoff Sells 2,549 Shares of Stock

Samsara Inc. (NYSE:IOT) CAO Benjamin Louis Kirchhoff sold 2,549 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $33.74, for a total transaction of $86,003.26. Following the sale, the chief accounting officer directly owned 167,269 shares in the company, valued at $5,643,656.06. This represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Benjamin Louis Kirchhoff also recently made the following trade(s):

• On Wednesday, May 13th, Benjamin Louis Kirchhoff sold 2,554 shares of Samsara stock. The stock was sold at an average price of $27.47, for a total transaction of $70,158.38.
• On Monday, April 13th, Benjamin Louis Kirchhoff sold 2,480 shares of Samsara stock. The stock was sold at an average price of $26.02, for a total transaction of $64,529.60.

Samsara Trading Down 3.2%

Shares of Samsara stock opened at $31.60 on Thursday. The stock has a market capitalization of $18.35 billion, a price-to-earnings ratio of 316.04, a P/E/G ratio of 7.63 and a beta of 1.34. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47. The firm’s 50-day moving average price is $30.89 and its two-hundred day moving average price is $32.22.

Samsara (NYSE:IOT) last issued 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 firm had revenue of $478.84 million for the quarter, compared to analysts’ expectations of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The company’s quarterly revenue 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. As a group, equities research analysts predict that Samsara Inc. will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Samsara

A number of hedge funds and other institutional investors have recently bought and sold shares of IOT. Acumen Wealth Advisors LLC bought a new position in Samsara in the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Samsara by 312.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after acquiring an additional 669 shares in the last quarter. AlphaCentric Advisors LLC bought a new stake in shares of Samsara in the fourth quarter worth about $36,000. Optiver Holding B.V. raised its holdings in shares of Samsara by 953.2% during the third quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock worth $44,000 after acquiring an additional 1,058 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Samsara by 194.4% during the third quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock worth $47,000 after acquiring an additional 828 shares during the period. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IOT has been the topic of several research analyst reports. Zacks Research cut shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. BTIG Research reissued a “buy” rating and set a $45.00 price target on shares of Samsara in a research note on Friday, June 5th. Wells Fargo & Company increased their price target on shares of Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Weiss Ratings raised shares of Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday. Finally, Piper Sandler reissued an “overweight” rating and set a $40.00 price target (up from $39.00) on shares of Samsara in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Samsara currently has an average rating of “Moderate Buy” and an average target price 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.