Insider Selling: Samsara (NYSE:IOT) Insider Sells $4,245,894.84 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 103,206 shares of the company’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $41.14, for a total transaction of $4,245,894.84. Following the transaction, the insider owned 180,500 shares in the company, valued at approximately $7,425,770. This trade represents a 36.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 15th, John Bicket sold 65,209 shares of Samsara stock. The shares were sold at an average price of $42.27, for a total transaction of $2,756,384.43.
• On Tuesday, October 13th, John Bicket sold 95,485 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total transaction of $3,997,956.95.
• On Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The stock was 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 Tuesday, September 29th, John Bicket sold 158,427 shares of Samsara stock. The stock was sold at an average price of $37.73, for a total transaction of $5,977,450.71.
• On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The stock was 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 shares were 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 stock was 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 stock was sold at an average price of $38.64, for a total transaction of $3,364,732.56.

Samsara Trading Up 4.4%

Shares of NYSE:IOT traded up $1.81 on Thursday, hitting $42.61. 3,214,883 shares of the company were exchanged, compared to its average volume of 4,813,616. The firm has a market capitalization of $24.95 billion, a P/E ratio of 370.91, a price-to-earnings-growth ratio of 10.02 and a beta of 1.35. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47. The stock’s 50 day moving average price is $39.89 and its 200 day moving average price is $35.14.

Samsara (NYSE:IOT) last released its earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The firm had revenue of $508.44 million for the quarter, compared to the consensus estimate of $483.29 million. During the same period in the prior year, the firm earned $0.12 EPS. The firm’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. On average, equities analysts predict that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Bank of America raised their price objective on Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. BNP Paribas Exane raised their price objective on Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Piper Sandler reaffirmed a “neutral” rating and set a $46.00 target price (up from $40.00) on shares of Samsara in a report on Friday, September 4th. Finally, TD Cowen lifted their target price on Samsara from $48.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IOT. USS Investment Management Ltd purchased a new stake in Samsara in the first quarter valued at $28,232,000. Spyglass Capital Management LLC raised its stake in shares of Samsara by 25.5% during the 1st quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after buying an additional 599,651 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Samsara during the 2nd quarter valued at about $4,860,000. Tidal Investments LLC raised its stake in shares of Samsara by 347.6% during the 2nd quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock valued at $2,339,000 after buying an additional 56,016 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Samsara by 226.3% in the 1st quarter. Fifth Third Bancorp now owns 54,335 shares of the company’s stock valued at $1,722,000 after buying an additional 37,683 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.