Samsara (NYSE:IOT) CEO Sanjit Biswas Sells 40,875 Shares of Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 40,875 shares of the stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $41.57, for a total value of $1,699,173.75. Following the sale, the chief executive officer directly owned 461,835 shares of the company’s stock, valued at approximately $19,198,480.95. This represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a document filed 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.

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

• On Tuesday, October 27th, Sanjit Biswas sold 114,813 shares of Samsara stock. The shares were sold at an average price of $43.38, for a total transaction of $4,980,587.94.
• On Wednesday, October 28th, Sanjit Biswas sold 108,212 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total value of $4,649,869.64.
• On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The stock was 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 transaction of $4,241,945.40.
• On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total value of $3,993,895.56.
• 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 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 value of $3,239,769.60.
• 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 shares were 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 stock was sold at an average price of $39.94, for a total transaction of $3,717,575.26.

Samsara Trading Down 3.5%

Shares of Samsara stock traded down $1.50 during mid-day trading on Thursday, hitting $41.51. 4,524,182 shares of the stock were exchanged, compared to its average volume of 6,644,581. The stock has a market capitalization of $24.31 billion, a price-to-earnings ratio of 259.41, a price-to-earnings-growth ratio of 11.03 and a beta of 1.35. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The company has a 50-day simple moving average of $40.48 and a 200 day simple moving average of $34.22.

Samsara (NYSE:IOT) last posted 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. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business had revenue of $508.44 million during the quarter, compared to analyst estimates of $483.29 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. The company’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. Equities research analysts forecast that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IOT. Bank Julius Baer & Co. Ltd Zurich increased its stake in Samsara by 99.7% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,178 shares of the company’s stock worth $426,000 after acquiring an additional 5,580 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Samsara by 5.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 666,778 shares of the company’s stock worth $25,424,000 after purchasing an additional 32,122 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Samsara in the third quarter valued at approximately $312,000. Vise Technologies Inc. raised its holdings in Samsara by 19.7% in the third quarter. Vise Technologies Inc. now owns 7,940 shares of the company’s stock valued at $303,000 after buying an additional 1,306 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Samsara by 18.9% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 178,173 shares of the company’s stock valued at $6,794,000 after buying an additional 28,300 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IOT has been the topic of several analyst reports. BNP Paribas Exane raised their price objective on Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. BMO Capital Markets upped their target price on Samsara from $44.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. Morgan Stanley increased their target price on Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, September 4th. Evercore reissued an “outperform” rating and issued a $55.00 price target on shares of Samsara in a research note on Friday, September 4th. Finally, Piper Sandler restated a “neutral” rating and issued a $46.00 price target (up from $40.00) on shares of Samsara in a report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.68.

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.