Benjamin Louis Kirchhoff Sells 770 Shares of Samsara (NYSE:IOT) Stock

Key Points

• Samsara Chief Accounting Officer Benjamin Kirchhoff sold 770 shares at an average price of $40.42, totaling $31,123.40, under a pre-arranged Rule 10b5-1 trading plan. He retains 151,086 shares valued at approximately $6.1 million.
• Samsara shares fell 3.7% to $38.10 during Monday trading. The company recently beat quarterly earnings and revenue estimates, reporting $0.20 EPS and $508.44 million in revenue, with revenue up 29.9% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $52.05, while institutional investors own approximately 96.02% of the company.

Samsara Inc. (NYSE:IOT - Get Free Report) CAO Benjamin Kirchhoff sold 770 shares of the stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $40.42, for a total transaction of $31,123.40. Following the transaction, the chief accounting officer owned 151,086 shares in the company, valued at approximately $6,106,896.12. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The shares were sold at an average price of $42.55, for a total transaction of $92,120.75.
• On Monday, July 20th, Benjamin Kirchhoff sold 960 shares of Samsara stock. The shares were sold at an average price of $37.70, for a total transaction of $36,192.00.

Samsara Trading Down 3.7%

Shares of IOT traded down $1.45 during mid-day trading on Monday, hitting $38.10. The company's stock had a trading volume of 5,655,396 shares, compared to its average volume of 7,009,204. The company's 50-day moving average is $38.68 and its 200-day moving average is $34.17. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47. The firm has a market capitalization of $22.20 billion, a price-to-earnings ratio of 238.12, a PEG ratio of 9.71 and a beta of 1.35.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. Samsara's revenue was up 29.9% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. 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, sell-side analysts predict that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of Samsara

Several large investors have recently bought and sold shares of the stock. USS Investment Management Ltd acquired a new stake in Samsara during the 1st quarter worth about $28,232,000. Spyglass Capital Management LLC increased its holdings in shares of Samsara by 25.5% in the first 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. Allen Operations LLC raised its stake in shares of Samsara by 83.3% in the fourth quarter. Allen Operations LLC now owns 66,020 shares of the company's stock worth $2,340,000 after purchasing an additional 30,000 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Samsara by 17.8% in the fourth quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company's stock worth $219,035,000 after purchasing an additional 935,855 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of Samsara by 42.1% during the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company's stock worth $397,536,000 after purchasing an additional 3,322,023 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on IOT shares. Bank of America lifted their price target on Samsara from $47.00 to $55.00 and gave the company a "buy" rating in a report on Friday, September 4th. Evercore reissued an "outperform" rating and set a $55.00 price target on shares of Samsara in a research report on Friday, September 4th. Cantor Fitzgerald assumed coverage on shares of Samsara in a report on Monday, September 14th. They issued an "overweight" rating and a $45.00 price target on the stock. BMO Capital Markets lifted their price objective on shares of Samsara from $44.00 to $54.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. Finally, Weiss Ratings lowered shares of Samsara from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Samsara has an average rating of "Moderate Buy" and an average price target of $52.05.

About Samsara

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company's products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.

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