Samsara (NYSE:IOT) CAO Sells $86,003.26 in Stock

Samsara Inc. (NYSE:IOT) CAO Benjamin Louis Kirchhoff sold 2,549 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $33.74, for a total transaction of $86,003.26. Following the completion of the sale, the chief accounting officer owned 167,269 shares in the company, valued at approximately $5,643,656.06. This trade represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 shares were sold at an average price of $26.02, for a total value of $64,529.60.

Samsara Stock Up 0.1%

Shares of IOT stock opened at $31.73 on Friday. The company’s fifty day simple moving average is $30.96 and its 200-day simple moving average is $32.17. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47. The firm has a market cap of $18.49 billion, a PE ratio of 317.34, a P/E/G ratio of 7.40 and a beta of 1.34.

Samsara (NYSE:IOT) last released its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The business had revenue of $478.84 million during the quarter, compared to analysts’ expectations of $455.21 million. During the same period last year, the business earned $0.11 earnings per share. The firm’s revenue was up 30.5% on a year-over-year basis. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, equities analysts predict that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on IOT shares. TD Cowen restated a “buy” rating on shares of Samsara in a research note on Friday, May 22nd. UBS Group reissued a “buy” rating and set a $48.00 target price on shares of Samsara in a report on Friday, March 6th. Piper Sandler reiterated an “overweight” rating and issued a $40.00 price target (up from $39.00) on shares of Samsara in a research report on Friday, June 5th. Evercore reissued an “outperform” rating on shares of Samsara in a research note on Friday, March 6th. Finally, Wells Fargo & Company raised their target price on Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Samsara presently has an average rating of “Moderate Buy” and a consensus price target of $46.53.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IOT. Lazard Asset Management LLC raised its holdings in shares of Samsara by 2.0% during the 3rd quarter. Lazard Asset Management LLC now owns 13,971 shares of the company’s stock worth $520,000 after acquiring an additional 279 shares during the period. Jefferies Financial Group Inc. raised its stake in shares of Samsara by 1.6% in the 3rd quarter. Jefferies Financial Group Inc. now owns 20,995 shares of the company’s stock valued at $782,000 after acquiring an additional 322 shares during the period. Cim LLC lifted its stake in Samsara by 1.0% during the third quarter. Cim LLC now owns 32,700 shares of the company’s stock worth $1,218,000 after purchasing an additional 326 shares in the last quarter. Empowered Funds LLC lifted its stake in Samsara by 3.4% during the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after acquiring an additional 335 shares in the last quarter. Finally, IFG Advisory LLC lifted its position in shares of Samsara by 0.8% during the fourth quarter. IFG Advisory LLC now owns 44,814 shares of the company’s stock worth $1,589,000 after purchasing an additional 372 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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.