Insider Selling: Samsara (NYSE:IOT) CEO Sells $4,980,587.94 in Stock

Key Points

• CEO Sanjit Biswas sold 114,813 Samsara shares for approximately $4.98 million under a pre-arranged Rule 10b5-1 trading plan, reducing his direct stake by 79.07% to 30,400 shares.
• Samsara shares fell 3.5% to $41.51, despite the company reporting quarterly revenue of $508.44 million—up 29.9% year over year—and adjusted earnings that exceeded analyst expectations.
• Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $51.68; institutional investors own approximately 96% of outstanding shares.

Samsara Inc. (NYSE:IOT - Get Free Report) CEO Sanjit Biswas sold 114,813 shares of the business's stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $43.38, for a total value of $4,980,587.94. Following the transaction, the chief executive officer directly owned 30,400 shares of the company's stock, valued at $1,318,752. This trade represents a 79.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 29th, Sanjit Biswas sold 40,875 shares of Samsara stock. The shares were sold at an average price of $41.57, for a total value of $1,699,173.75.
• On Wednesday, October 28th, Sanjit Biswas sold 108,212 shares of Samsara stock. The shares were sold at an average price of $42.97, for a total value of $4,649,869.64.
• On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The stock was 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 transaction of $4,241,945.40.
• On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total transaction of $3,993,895.56.
• 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 transaction of $820,016.49.
• On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The shares were sold at an average price of $38.40, for a total transaction of $3,239,769.60.
• On Tuesday, September 29th, Sanjit Biswas sold 158,402 shares of Samsara stock. The shares were sold at an average price of $37.74, for a total transaction of $5,978,091.48.
• On Thursday, August 20th, Sanjit Biswas sold 35,366 shares of Samsara stock. The stock was sold at an average price of $39.43, for a total transaction of $1,394,481.38.
• On Wednesday, August 19th, Sanjit Biswas sold 93,079 shares of Samsara stock. The stock was sold at an average price of $39.94, for a total transaction of $3,717,575.26.

Samsara Stock Down 3.5%

Shares of NYSE:IOT traded down $1.50 during trading on Thursday, hitting $41.51. 4,524,182 shares of the company were exchanged, compared to its average volume of 6,644,581. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47. The company has a market capitalization of $24.31 billion, a P/E ratio of 259.41, a price-to-earnings-growth ratio of 11.03 and a beta of 1.35. The business's 50 day moving average is $40.48 and its 200-day moving average is $34.22.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The business had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. During the same quarter in the previous year, the company posted $0.12 EPS. Samsara's quarterly revenue was up 29.9% compared to the same quarter last year. 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 anticipate that Samsara Inc. will post 0.13 earnings per share for the current year.

Hedge Funds Weigh In On Samsara

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its holdings in Samsara by 9.6% during the 2nd quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company's stock worth $302,494,000 after purchasing an additional 813,922 shares during the last quarter. Spyglass Capital Management LLC boosted its stake in shares of Samsara by 4.7% in the 2nd quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company's stock valued at $100,068,000 after purchasing an additional 139,009 shares during the last quarter. Bank of America Corp DE increased its position in shares of Samsara by 41.5% during the first quarter. Bank of America Corp DE now owns 2,710,202 shares of the company's stock worth $85,886,000 after buying an additional 794,255 shares during the period. Bessemer Group Inc. increased its position in shares of Samsara by 3.3% during the first quarter. Bessemer Group Inc. now owns 1,675,509 shares of the company's stock worth $53,097,000 after buying an additional 53,576 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Samsara by 64.3% during the first quarter. First Trust Advisors LP now owns 1,494,291 shares of the company's stock worth $47,354,000 after buying an additional 584,854 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IOT has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on shares of Samsara from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, September 4th. KeyCorp boosted their target price on shares of Samsara from $46.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, September 4th. Evercore restated an "outperform" rating and issued a $55.00 price target on shares of Samsara in a research report on Friday, September 4th. BMO Capital Markets raised their price target on shares of Samsara from $44.00 to $54.00 and gave the company an "outperform" rating in a research note on Friday, September 4th. Finally, Weiss Ratings upgraded shares of Samsara from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $51.68.

Samsara Company Profile

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

The company's products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.

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