John Bicket Sells 34,557 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 34,557 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $39.44, for a total value of $1,362,928.08. Following the transaction, the insider owned 1,134,795 shares in the company, valued at approximately $44,756,314.80. This represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 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 value of $3,728,064.45.
• On Tuesday, August 18th, John Bicket sold 135,978 shares of Samsara stock. The shares were sold at an average price of $39.99, for a total value 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 value 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 value of $3,364,732.56.
• On Tuesday, August 4th, John Bicket sold 119,554 shares of Samsara stock. The shares were sold at an average price of $38.34, for a total value of $4,583,700.36.
• On Wednesday, July 22nd, John Bicket sold 61,352 shares of Samsara stock. The stock was sold at an average price of $33.87, for a total value of $2,077,992.24.
• On Tuesday, July 21st, John Bicket sold 202,548 shares of Samsara stock. The stock was sold at an average price of $36.81, for a total value of $7,455,791.88.
• On Wednesday, July 8th, John Bicket sold 17,975 shares of Samsara stock. The shares were sold at an average price of $35.11, for a total transaction of $631,102.25.
• On Tuesday, July 7th, John Bicket sold 245,925 shares of Samsara stock. The shares were sold at an average price of $36.77, for a total transaction of $9,042,662.25.
• On Thursday, May 28th, John Bicket sold 30,345 shares of Samsara stock. The shares were sold at an average price of $31.20, for a total transaction of $946,764.00.

Samsara Trading Down 0.7%

Samsara stock traded down $0.27 during midday trading on Thursday, hitting $38.93. 5,690,708 shares of the stock were exchanged, compared to its average volume of 6,916,050. The stock’s 50-day simple moving average is $35.84 and its 200 day simple moving average is $32.14. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The stock has a market capitalization of $22.68 billion, a price-to-earnings ratio of 389.34, a PEG ratio of 8.89 and a beta of 1.34.

Samsara (NYSE:IOT) last posted 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 company had revenue of $478.84 million for the quarter, compared to analyst estimates of $455.21 million. During the same period in the previous year, the business posted $0.11 EPS. Samsara’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. Equities analysts anticipate that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Institutional Trading of Samsara

Several institutional investors have recently added to or reduced their stakes in IOT. Spyglass Capital Management LLC raised its position in Samsara by 4.7% in the second quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company’s stock valued at $100,068,000 after purchasing an additional 139,009 shares during the period. Wellington Management Group LLP lifted its stake in Samsara by 9.6% during the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock worth $302,494,000 after purchasing an additional 813,922 shares in the last quarter. Archer Investment Corp purchased a new position in shares of Samsara during the second quarter worth $296,000. Public Employees Retirement System of Ohio purchased a new position in shares of Samsara during the second quarter worth $3,177,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Samsara in the second quarter valued at $637,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IOT has been the subject of several analyst reports. Zacks Research lowered Samsara from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Truist Financial lifted their target price on Samsara from $30.00 to $38.00 and gave the company a “hold” rating in a research report on Wednesday. KeyCorp reaffirmed an “overweight” rating on shares of Samsara in a research note on Friday, June 26th. Morgan Stanley set a $43.00 price target on Samsara in a report on Tuesday, July 21st. Finally, Piper Sandler downgraded Samsara from an “overweight” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research report on Sunday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.39.

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.