Dominic Phillips Sells 17,909 Shares of Samsara (NYSE:IOT) Stock

Key Points

• Insider sale: Dominic Phillips sold 17,909 Samsara shares at an average $44.25 for approximately $792,473 under a pre-arranged Rule 10b5-1 plan. He retained 1,019,363 shares after the transaction.
• Strong quarterly results: Samsara reported $0.20 in quarterly EPS versus the $0.16 consensus estimate, while revenue rose 29.9% year over year to $508.44 million, exceeding expectations.
• Analyst outlook remains positive: Analysts raised several price targets, with the stock carrying a “Moderate Buy” consensus rating and an average target of $52.44, despite trading down 3.6% to $38.70.

Samsara Inc. (NYSE:IOT - Get Free Report) insider Dominic Phillips sold 17,909 shares of Samsara stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $44.25, for a total value of $792,473.25. Following the completion of the transaction, the insider directly owned 1,019,363 shares in the company, valued at $45,106,812.75. This trade represents a 1.73% 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.

Dominic Phillips also recently made the following trade(s):

• On Friday, September 4th, Dominic Phillips sold 11,710 shares of Samsara stock. The shares were sold at an average price of $44.25, for a total transaction of $518,167.50.
• On Monday, August 3rd, Dominic Phillips sold 17,908 shares of Samsara stock. The shares were sold at an average price of $37.62, for a total transaction of $673,698.96.
• On Monday, August 3rd, Dominic Phillips sold 11,710 shares of Samsara stock. The stock was sold at an average price of $37.62, for a total transaction of $440,530.20.
• On Wednesday, July 1st, Dominic Phillips sold 17,909 shares of Samsara stock. The stock was sold at an average price of $33.32, for a total value of $596,727.88.
• On Wednesday, July 1st, Dominic Phillips sold 12,065 shares of Samsara stock. The shares were sold at an average price of $33.32, for a total value of $402,005.80.

Samsara Trading Down 3.6%

NYSE IOT traded down $1.45 on Wednesday, hitting $38.70. The company's stock had a trading volume of 10,757,017 shares, compared to its average volume of 7,024,384. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47. The company's 50-day simple moving average is $38.08 and its 200 day simple moving average is $33.45. The firm has a market cap of $22.55 billion, a P/E ratio of 241.88, a PEG ratio of 9.03 and a beta of 1.35.

Samsara (NYSE:IOT - Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. Samsara had a return on equity of 4.27% and a net margin of 4.90%.The company had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The firm's revenue for the quarter 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. On average, research analysts forecast that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Samsara from $44.00 to $54.00 and gave the stock an "outperform" rating in a research note on Friday, September 4th. BTIG Research boosted their target price on Samsara from $45.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, September 4th. Piper Sandler reissued a "neutral" rating and issued a $46.00 target price (up from $40.00) on shares of Samsara in a research note on Friday, September 4th. Evercore reaffirmed an "outperform" rating and issued a $55.00 price target on shares of Samsara in a research report on Friday, September 4th. Finally, Royal Bank Of Canada upped their price target on shares of Samsara from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, September 4th. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $52.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. USS Investment Management Ltd bought a new stake in Samsara during the 1st quarter valued at approximately $28,232,000. Spyglass Capital Management LLC lifted 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 worth $93,379,000 after buying an additional 599,651 shares in the last quarter. Allen Operations LLC boosted its position in shares of Samsara by 83.3% during the fourth quarter. Allen Operations LLC now owns 66,020 shares of the company's stock worth $2,340,000 after acquiring an additional 30,000 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Samsara by 17.8% during the fourth quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company's stock worth $219,035,000 after acquiring an additional 935,855 shares during the last quarter. Finally, Brighton Jones LLC purchased a new position in Samsara during the fourth quarter valued at $13,464,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Company Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.

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