Samsara (NYSE:IOT) Stock: Insider Sanjit Biswas Sells 84,369 Shares

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 84,369 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $38.40, for a total transaction of $3,239,769.60. Following the completion of the sale, the chief executive officer owned 225,800 shares in the company, valued at approximately $8,670,720. This trade represents a 27.20% 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.

Sanjit Biswas also recently made the following trade(s):

• On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The shares were sold at an average price of $38.81, for a total transaction of $820,016.49.
• On Tuesday, September 29th, Sanjit Biswas sold 158,402 shares of Samsara stock. The shares were sold at an average price of $37.74, for a total transaction of $5,978,091.48.
• On Thursday, August 20th, Sanjit Biswas sold 35,366 shares of Samsara stock. The stock was sold at an average price of $39.43, for a total value of $1,394,481.38.
• On Wednesday, August 19th, Sanjit Biswas sold 93,079 shares of Samsara stock. The stock was sold at an average price of $39.94, for a total value of $3,717,575.26.
• On Tuesday, August 18th, Sanjit Biswas sold 135,455 shares of Samsara stock. The shares were sold at an average price of $39.99, for a total value of $5,416,845.45.
• On Thursday, August 6th, Sanjit Biswas sold 57,090 shares of Samsara stock. The stock was sold at an average price of $37.89, for a total value of $2,163,140.10.
• On Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The stock was sold at an average price of $38.64, for a total value of $3,374,547.12.
• On Tuesday, August 4th, Sanjit Biswas sold 119,477 shares of Samsara stock. The stock was sold at an average price of $38.34, for a total value of $4,580,748.18.
• On Wednesday, July 22nd, Sanjit Biswas sold 61,283 shares of Samsara stock. The shares were sold at an average price of $33.87, for a total value of $2,075,655.21.
• On Tuesday, July 21st, Sanjit Biswas sold 202,617 shares of Samsara stock. The shares were sold at an average price of $36.81, for a total value of $7,458,331.77.

Samsara Stock Performance

NYSE IOT traded up $1.91 during trading hours on Thursday, reaching $40.04. 4,529,759 shares of the company’s stock were exchanged, compared to its average volume of 7,544,066. The company has a market capitalization of $23.45 billion, a price-to-earnings ratio of 346.64, a price-to-earnings-growth ratio of 9.36 and a beta of 1.35. The company’s 50-day moving average is $38.94 and its two-hundred day moving average is $34.54. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47.

Samsara (NYSE:IOT) last announced its quarterly earnings results 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. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The firm had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The business’s revenue was up 29.9% on a year-over-year basis. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Research analysts predict that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IOT shares. KeyCorp boosted their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. BTIG Research increased their target price on Samsara from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Truist Financial lifted their price target on Samsara from $38.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, September 4th. Wells Fargo & Company boosted their price target on Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Finally, TD Cowen upped their price objective on Samsara from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.05.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IOT. Markowski Investments acquired a new stake in Samsara in the 2nd quarter valued at $37,000. Parkside Financial Bank & Trust lifted its position in Samsara by 91.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after buying an additional 656 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of Samsara during the 2nd quarter worth about $46,000. CX Institutional acquired a new position in shares of Samsara during the 2nd quarter worth about $64,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Samsara by 444.3% in the 1st quarter. International Assets Investment Management LLC now owns 2,961 shares of the company’s stock valued at $94,000 after acquiring an additional 2,417 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.