Samsara (NYSE:IOT) Insider John Bicket Sells 107,729 Shares of Company Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 107,729 shares of the company’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $42.97, for a total value of $4,629,115.13. Following the transaction, the insider directly owned 135,200 shares of the company’s stock, valued at approximately $5,809,544. The trade was a 44.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 29th, John Bicket sold 42,507 shares of Samsara stock. The stock was sold at an average price of $41.58, for a total transaction of $1,767,441.06.
• On Tuesday, October 27th, John Bicket sold 113,664 shares of Samsara stock. The stock was sold at an average price of $43.38, for a total transaction of $4,930,744.32.
• On Thursday, October 15th, John Bicket sold 65,209 shares of Samsara stock. The stock was sold at an average price of $42.27, for a total transaction of $2,756,384.43.
• On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The stock was sold at an average price of $41.14, for a total transaction of $4,245,894.84.
• 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 value 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 value 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 value of $5,977,450.71.
• On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The shares were sold at an average price of $39.44, for a total value 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 value of $3,728,064.45.

Samsara Price Performance

Shares of NYSE:IOT opened at $41.51 on Friday. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47. The firm has a market capitalization of $24.31 billion, a PE ratio of 259.41, a P/E/G ratio of 10.56 and a beta of 1.35. The business’s 50 day moving average price is $40.53 and its 200-day moving average price is $34.26.

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

More Samsara News

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Analysts remain broadly constructive following Samsara’s latest earnings beat, with several firms raising price targets to between $48 and $55. The average price target is $51.68, compared with the stock’s recent trading range. Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
• Positive Sentiment: Institutional investors have been adding to positions, including Wellington Management, Bank of America, First Trust Advisors and others. Institutions and hedge funds own approximately 96% of the shares, providing an indication of strong professional-investor interest. Samsara Shows What Happens When Fundamentals Beat Fear
• Neutral Sentiment: Samsara and Together for Safer Roads launched a fleet-safety program for community food banks. The initiative supports the company’s brand and social-impact profile but is unlikely to materially affect near-term financial results. Together for Safer Roads and Samsara launch US fleet safety program for community food banks
• Negative Sentiment: CEO Sanjit Biswas sold roughly 264,000 shares across October 27–29, while insider John Bicket sold a similar amount. Another insider, Adam Eltoukhy, sold 7,306 shares. The combined sales were worth roughly $23 million, creating a notable supply and confidence overhang, even though they were scheduled trades rather than necessarily discretionary sales.

Hedge Funds Weigh In On Samsara

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IOT. Wall Street Zen upgraded shares of Samsara from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Morgan Stanley boosted their price target on shares of Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, September 4th. Piper Sandler restated a “neutral” rating and set a $46.00 price target (up from $40.00) on shares of Samsara in a research report on Friday, September 4th. Truist Financial upped their price objective on shares of Samsara from $38.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, September 4th. Finally, Jefferies Financial Group initiated coverage on shares of Samsara in a report on Sunday, October 4th. They issued a “buy” rating and a $50.00 price objective for the company. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.68.

About Samsara

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.