Insider Selling: Samsara (NYSE:IOT) Insider Sells $3,884,948.18 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 93,862 shares of the stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $41.39, for a total transaction of $3,884,948.18. Following the transaction, the insider owned 19,800 shares of the company’s stock, valued at approximately $819,522. The trade was a 82.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 Thursday, November 12th, John Bicket sold 66,895 shares of Samsara stock. The stock was sold at an average price of $41.45, for a total transaction of $2,772,797.75.
• On Wednesday, November 11th, John Bicket sold 74,271 shares of Samsara stock. The stock was sold at an average price of $42.05, for a total transaction of $3,123,095.55.
• On Thursday, October 29th, John Bicket sold 42,507 shares of Samsara stock. The shares were sold at an average price of $41.58, for a total transaction of $1,767,441.06.
• On Wednesday, October 28th, John Bicket sold 107,729 shares of Samsara stock. The shares were sold at an average price of $42.97, for a total transaction of $4,629,115.13.
• On Tuesday, October 27th, John Bicket sold 113,664 shares of Samsara stock. The shares were 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 stock was 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 shares were sold at an average price of $38.40, for a total value of $3,262,080.00.

Samsara Stock Performance

NYSE IOT traded up $0.06 on Friday, hitting $41.38. 2,568,004 shares of the stock traded hands, compared to its average volume of 6,484,647. The business’s fifty day moving average is $40.91 and its two-hundred day moving average is $34.70. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47. The firm has a market capitalization of $24.23 billion, a price-to-earnings ratio of 258.62, a PEG ratio of 10.37 and a beta of 1.33.

Samsara (NYSE:IOT) last issued 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 analyst estimates of $483.29 million. During the same period in the previous year, the company posted $0.12 earnings per share. The business’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. Analysts expect that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Samsara

Hedge funds have recently made changes to their positions in the stock. 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 purchasing an additional 599,651 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Samsara in the 2nd quarter worth about $4,860,000. Tidal Investments LLC grew its holdings in 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 in the last quarter. Fifth Third Bancorp grew its holdings in Samsara by 226.3% during 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 in the last quarter. Finally, Congress Asset Management Co. increased its position in shares of Samsara by 3.5% during the third quarter. Congress Asset Management Co. now owns 844,722 shares of the company’s stock valued at $32,209,000 after buying an additional 28,507 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IOT has been the topic of a number of research reports. Evercore restated an “outperform” rating and issued a $55.00 price objective on shares of Samsara in a research note on Friday, September 4th. Cantor Fitzgerald assumed coverage on shares of Samsara in a report on Monday, September 14th. They set an “overweight” rating and a $45.00 price objective on the stock. Morgan Stanley increased their target price 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. Bank of America lifted their target price on shares of Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Finally, Jefferies Financial Group initiated coverage on shares of Samsara in a research report on Sunday, October 4th. They issued a “buy” rating and a $50.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.68.

Samsara Company Profile

Samsara Inc. is a technology company that provides a cloud-based platform for managing connected operations. Its platform combines Internet of Things (IoT) devices, software and data analytics to help organizations monitor vehicles, equipment, worksites and other physical assets. The company’s products include vehicle telematics, fleet management tools, AI-enabled dash cameras, equipment monitoring and software for routing, driver safety and operational workflows. Its customers span industries such as transportation, construction, field services, manufacturing and the public sector.