Samsara (NYSE:IOT) Insider Sells $5,977,450.71 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 158,427 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $37.73, for a total value of $5,977,450.71. Following the sale, the insider owned 51,600 shares of the company’s stock, valued at approximately $1,946,868. This represents a 75.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 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 stock was sold at an average price of $38.40, for a total transaction of $3,262,080.00.
• On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The shares were sold at an average price of $39.44, for a total transaction 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 transaction 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 shares were sold at an average price of $37.89, for a total transaction 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 value of $3,364,732.56.
• On Tuesday, August 4th, John Bicket sold 119,554 shares of Samsara stock. The stock was sold at an average price of $38.34, for a total value of $4,583,700.36.
• On Wednesday, July 22nd, John Bicket sold 61,352 shares of Samsara stock. The shares were sold at an average price of $33.87, for a total value of $2,077,992.24.
• On Tuesday, July 21st, John Bicket sold 202,548 shares of Samsara stock. The shares were sold at an average price of $36.81, for a total value of $7,455,791.88.

Samsara Trading Up 2.7%

NYSE IOT opened at $41.12 on Friday. The firm has a market capitalization of $24.08 billion, a P/E ratio of 257.01, a PEG ratio of 10.10 and a beta of 1.35. The business has a fifty day simple moving average of $39.27 and a 200 day simple moving average of $34.65. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $508.44 million for the quarter, compared to the consensus estimate of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, sell-side analysts predict that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Samsara

Several institutional investors have recently bought and sold shares of IOT. Markowski Investments purchased a new stake in Samsara in the second quarter worth $37,000. Parkside Financial Bank & Trust lifted its position 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 valued at $45,000 after buying an additional 656 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of Samsara during the 2nd quarter valued at $46,000. CX Institutional bought a new position in shares of Samsara during the 2nd quarter worth $64,000. Finally, International Assets Investment Management LLC increased its holdings in Samsara by 444.3% in the 1st quarter. International Assets Investment Management LLC now owns 2,961 shares of the company’s stock worth $94,000 after acquiring an additional 2,417 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on IOT. KeyCorp increased their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Weiss Ratings lowered Samsara from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, September 9th. Cantor Fitzgerald began coverage on Samsara in a research report on Monday, September 14th. They set an “overweight” rating and a $45.00 price target for the company. Wells Fargo & Company lifted their price target on Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Finally, Wall Street Zen raised Samsara from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Samsara presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.05.

Key Headlines Impacting Samsara

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Analysts remain broadly optimistic, with Samsara carrying a consensus “Moderate Buy” rating and an average price target of $52.05. TD Cowen raised its target to $53, while Wells Fargo increased its target to $58, suggesting considerable potential upside from recent levels. Samsara Inc. Stock Has Average Price Target of $52.05 According to Analysts
• Positive Sentiment: The company’s latest quarterly results beat expectations. Samsara reported adjusted earnings per share of $0.20 versus the $0.16 consensus estimate, while revenue reached $508.44 million compared with forecasts of $483.29 million. Revenue increased 29.9% year over year, and fiscal 2027 EPS guidance was set at $0.760 to $0.780.
• Neutral Sentiment: Valuation remains demanding. Samsara’s high earnings multiple leaves the stock vulnerable if growth slows, guidance disappoints or investors reduce exposure to premium-priced software companies.
• Negative Sentiment: CEO Sanjit Biswas and insider John Bicket collectively sold approximately 527,800 shares between September 29 and October 1 for roughly $20.1 million. The transactions significantly reduced their direct holdings and may weigh on investor sentiment. However, each sale was made under a pre-arranged Rule 10b5-1 trading plan, indicating the transactions were scheduled in advance rather than necessarily reflecting a new negative view of Samsara’s outlook. SEC Insider Trading Filing

Samsara Company Profile

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.