Insider Selling: Samsara (NYSE:IOT) CEO Sells $3,993,895.56 in Stock

Key Points

• Samsara CEO Sanjit Biswas sold 95,388 shares at an average price of $41.87, generating approximately $3.99 million. The Rule 10b5-1 transaction reduced his direct ownership by 69.94% to 41,000 shares.
• The sale was part of a broader pattern of insider selling, with Biswas having sold multiple batches of shares in recent months, including more than $7 million across transactions on October 14 and 15.
• Samsara shares recently traded at $42.61, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $51.68. The company also reported quarterly earnings and revenue above expectations.

Samsara Inc. (NYSE:IOT - Get Free Report) CEO Sanjit Biswas sold 95,388 shares of Samsara stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $41.87, for a total value of $3,993,895.56. Following the completion of the sale, the chief executive officer directly owned 41,000 shares in the company, valued at $1,716,670. This represents a 69.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanjit Biswas also recently made the following trade(s):

• On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The shares were sold at an average price of $42.27, for a total value of $2,764,542.54.
• On Wednesday, October 14th, Sanjit Biswas sold 103,110 shares of Samsara stock. The stock was sold at an average price of $41.14, for a total value of $4,241,945.40.
• On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The stock was sold at an average price of $38.81, for a total value of $820,016.49.
• On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total value of $3,239,769.60.
• On Tuesday, September 29th, Sanjit Biswas sold 158,402 shares of Samsara stock. The stock was sold at an average price of $37.74, for a total value of $5,978,091.48.
• On Thursday, August 20th, Sanjit Biswas sold 35,366 shares of Samsara stock. The shares were sold at an average price of $39.43, for a total value of $1,394,481.38.
• On Wednesday, August 19th, Sanjit Biswas sold 93,079 shares of Samsara stock. The shares were sold at an average price of $39.94, for a total value of $3,717,575.26.
• On Tuesday, August 18th, Sanjit Biswas sold 135,455 shares of Samsara stock. The shares were sold at an average price of $39.99, for a total value of $5,416,845.45.
• On Thursday, August 6th, Sanjit Biswas sold 57,090 shares of Samsara stock. The shares were sold at an average price of $37.89, for a total value of $2,163,140.10.
• On Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The stock was sold at an average price of $38.64, for a total value of $3,374,547.12.

Samsara Price Performance

Shares of IOT traded up $1.81 during mid-day trading on Thursday, hitting $42.61. 3,214,883 shares of the company's stock were exchanged, compared to its average volume of 4,813,616. The company has a market cap of $24.95 billion, a PE ratio of 266.32, a P/E/G ratio of 10.02 and a beta of 1.35. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The company has a 50-day simple moving average of $39.89 and a 200 day simple moving average of $35.14.

Samsara (NYSE:IOT - Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. The business had revenue of $508.44 million during the quarter, compared to analysts' expectations of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The firm's revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior 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. On average, analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current year.

Analyst Ratings Changes

IOT has been the subject of several analyst reports. Guggenheim raised their price objective on Samsara from $45.00 to $51.00 and gave the company a "buy" rating in a report on Friday, September 4th. Truist Financial upped their target price on Samsara from $38.00 to $48.00 and gave the stock a "hold" rating in a report on Friday, September 4th. Wall Street Zen raised Samsara from a "hold" rating to a "buy" rating in a research report on Saturday, September 12th. TD Cowen increased their price target on Samsara from $48.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, September 4th. Finally, KeyCorp raised their price target on Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, September 4th. Two research 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $51.68.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. USS Investment Management Ltd acquired a new stake in Samsara in the 1st quarter valued at about $28,232,000. Spyglass Capital Management LLC grew its holdings in Samsara by 25.5% during the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company's stock worth $93,379,000 after purchasing an additional 599,651 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Samsara during the second quarter worth approximately $4,860,000. Tidal Investments LLC increased its position in Samsara by 347.6% during the second quarter. Tidal Investments LLC now owns 72,129 shares of the company's stock worth $2,339,000 after buying an additional 56,016 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in Samsara by 226.3% during the first quarter. Fifth Third Bancorp now owns 54,335 shares of the company's stock worth $1,722,000 after buying an additional 37,683 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

About Samsara

Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.

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