Samsara (NYSE:IOT) Insider Sells $285,445.42 in Stock

Samsara Inc. (NYSE:IOT) insider Adam Eltoukhy sold 7,306 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $39.07, for a total transaction of $285,445.42. Following the completion of the transaction, the insider owned 381,854 shares in the company, valued at $14,919,035.78. This represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Adam Eltoukhy also recently made the following trade(s):

• On Tuesday, August 25th, Adam Eltoukhy sold 6,876 shares of Samsara stock. The stock was sold at an average price of $39.82, for a total transaction of $273,802.32.
• On Monday, July 27th, Adam Eltoukhy sold 3,653 shares of Samsara stock. The stock was sold at an average price of $34.95, for a total transaction of $127,672.35.
• On Monday, July 6th, Adam Eltoukhy sold 3,653 shares of Samsara stock. The stock was sold at an average price of $37.00, for a total value of $135,161.00.

Samsara Price Performance

Shares of IOT traded up $0.07 during midday trading on Tuesday, reaching $38.00. 5,591,423 shares of the stock were exchanged, compared to its average volume of 7,568,767. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The company has a market capitalization of $22.25 billion, a price-to-earnings ratio of 344.82, a PEG ratio of 9.31 and a beta of 1.35. The business’s 50-day moving average price is $38.80 and its 200 day moving average price is $34.45.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $508.44 million during the quarter, compared to analysts’ expectations of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. 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, equities research analysts expect that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of Samsara

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in Samsara by 58.9% during the fourth 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. Brown Advisory Inc. raised its stake in shares of 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 acquiring an additional 3,322,023 shares during the period. Wellington Management Group LLP raised its stake in shares of Samsara by 9.6% in the 2nd quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock valued at $302,494,000 after acquiring an additional 813,922 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Samsara by 17.8% during the 4th quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock valued at $219,035,000 after acquiring an additional 935,855 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings in shares of Samsara by 21.9% during the 4th quarter. Bamco Inc. NY now owns 4,120,031 shares of the company’s stock valued at $146,055,000 after acquiring an additional 741,200 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on IOT shares. BTIG Research increased their target price on shares of Samsara from $45.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Cantor Fitzgerald initiated coverage on Samsara in a research report on Monday, September 14th. They issued an “overweight” rating and a $45.00 price target on the stock. Evercore reiterated an “outperform” rating and issued a $55.00 price objective on shares of Samsara in a research report on Friday, September 4th. Wolfe Research restated an “outperform” rating on shares of Samsara in a research report on Thursday, June 11th. Finally, TD Cowen lifted their target price on shares of Samsara from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.05.

About Samsara

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.