Benjamin Louis Kirchhoff Sells 4,933 Shares of Samsara (NYSE:IOT) Stock

Key Points

• Benjamin Louis Kirchhoff, Chief Accounting Officer of Samsara, sold 4,933 shares of the company's stock on September 29th for a total of $184,839.51, reducing his holdings by 4.68%.
• Samsara reported a 30.4% increase in revenue to $391.48 million for the latest quarter, beating analyst estimates and improving earnings per share from $0.05 to $0.12.
• The company's stock currently has a consensus rating of "Moderate Buy" among analysts, with a price target of $49.38.

Samsara Inc. (NYSE:IOT - Get Free Report) CAO Benjamin Louis Kirchhoff sold 4,933 shares of the business's stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $37.47, for a total transaction of $184,839.51. Following the completion of the transaction, the chief accounting officer owned 100,585 shares in the company, valued at $3,768,919.95. The trade was a 4.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Benjamin Louis Kirchhoff also recently made the following trade(s):

• On Wednesday, September 10th, Benjamin Louis Kirchhoff sold 1,772 shares of Samsara stock. The shares were sold at an average price of $38.13, for a total transaction of $67,566.36.

Samsara Stock Up 0.1%

Shares of IOT traded up $0.04 during trading hours on Tuesday, reaching $37.26. 5,922,560 shares of the company traded hands, compared to its average volume of 5,030,004. The company's fifty day moving average price is $36.79 and its two-hundred day moving average price is $39.27. The company has a market capitalization of $21.37 billion, a price-to-earnings ratio of -232.84 and a beta of 1.61. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last announced its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The firm had revenue of $391.48 million for the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The company's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 EPS. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, analysts expect that Samsara Inc. will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on IOT shares. Evercore ISI set a $45.00 target price on shares of Samsara in a research note on Wednesday, June 25th. Craig Hallum raised shares of Samsara from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $42.00 to $48.00 in a research note on Friday, September 5th. Truist Financial boosted their price objective on shares of Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a research note on Friday, September 5th. Wall Street Zen lowered shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, BMO Capital Markets dropped their price objective on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. lifted its stake in shares of Samsara by 7.1% in the first quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock worth $1,352,186,000 after buying an additional 2,348,101 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Samsara by 18.3% in the second quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company's stock worth $1,106,012,000 after buying an additional 4,307,755 shares in the last quarter. Sands Capital Management LLC lifted its stake in shares of Samsara by 17.2% in the second quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company's stock worth $766,808,000 after buying an additional 2,833,049 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Samsara by 1,881.8% in the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock worth $450,881,000 after buying an additional 11,169,571 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Samsara by 107.8% in the second quarter. State Street Corp now owns 5,611,956 shares of the company's stock worth $223,244,000 after buying an additional 2,910,916 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.

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