Samsara (NYSE:IOT) CEO Sanjit Biswas Sells 108,212 Shares of Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 108,212 shares of the business’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $42.97, for a total value of $4,649,869.64. Following the completion of the sale, the chief executive officer directly owned 135,200 shares of the company’s stock, valued at $5,809,544. The trade was a 44.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, October 27th, Sanjit Biswas sold 114,813 shares of Samsara stock. The stock was sold at an average price of $43.38, for a total value of $4,980,587.94.
• On Thursday, October 29th, Sanjit Biswas sold 40,875 shares of Samsara stock. The shares were sold at an average price of $41.57, for a total transaction of $1,699,173.75.
• On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The shares were sold at an average price of $42.27, for a total transaction of $2,764,542.54.
• On Wednesday, October 14th, Sanjit Biswas sold 103,110 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total value of $4,241,945.40.
• On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The stock was sold at an average price of $41.87, for a total transaction of $3,993,895.56.
• On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The stock was sold at an average price of $38.81, for a total value of $820,016.49.
• On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total transaction of $3,239,769.60.
• On Tuesday, September 29th, Sanjit Biswas sold 158,402 shares of Samsara stock. The stock was 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 transaction of $1,394,481.38.
• On Wednesday, August 19th, Sanjit Biswas sold 93,079 shares of Samsara stock. The shares were sold at an average price of $39.94, for a total value of $3,717,575.26.

Samsara Stock Down 3.5%

Shares of NYSE:IOT traded down $1.50 during trading on Thursday, reaching $41.51. The stock had a trading volume of 4,524,182 shares, compared to its average volume of 6,644,581. The stock has a market cap of $24.31 billion, a P/E ratio of 259.41, a PEG ratio of 11.03 and a beta of 1.35. The business has a fifty day moving average price of $40.48 and a 200-day moving average price of $34.22. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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, equities analysts forecast that Samsara Inc. will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

IOT has been the topic of several research reports. Craig Hallum reissued a “buy” rating and issued a $54.00 price objective on shares of Samsara in a research report on Friday, September 4th. BMO Capital Markets lifted their price objective on shares of Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. BNP Paribas Exane raised their price target on shares of Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Piper Sandler reaffirmed a “neutral” rating and set a $46.00 price objective (up from $40.00) on shares of Samsara in a research report on Friday, September 4th. Finally, Cantor Fitzgerald started coverage on shares of Samsara in a report on Monday, September 14th. They issued an “overweight” rating and a $45.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.68.

Institutional Investors Weigh In On Samsara

Institutional investors and hedge funds have recently modified their holdings of the business. USS Investment Management Ltd acquired a new stake in shares of Samsara in the first quarter worth $28,232,000. Spyglass Capital Management LLC boosted its position 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 acquiring an additional 599,651 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Samsara in the 2nd quarter valued at $4,860,000. Tidal Investments LLC raised its stake in Samsara by 347.6% during the second quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock worth $2,339,000 after acquiring an additional 56,016 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Samsara by 226.3% during the first quarter. Fifth Third Bancorp now owns 54,335 shares of the company’s stock valued at $1,722,000 after acquiring an additional 37,683 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Company Profile

Samsara, Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its Samsara Connected Operations Cloud combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, facilities and frontline operations.

The company’s products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.