Insider Selling: Samsara (NYSE:IOT) Insider Sells $2,756,384.43 in Stock

Key Points

• Samsara insider John Bicket sold 65,209 shares for approximately $2.76 million under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 7.81% to 769,398 shares.
• Samsara shares rose 4.4% to $42.61, while the company reported quarterly EPS and revenue above analyst expectations; revenue increased 29.9% year over year.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $51.68 price target, although the stock trades at a high price-to-earnings ratio of 266.32.

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 65,209 shares of the business's stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $42.27, for a total value of $2,756,384.43. Following the sale, the insider owned 769,398 shares of the company's stock, valued at $32,522,453.46. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Bicket also recently made the following trade(s):

• On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total transaction of $4,245,894.84.
• On Tuesday, October 13th, John Bicket sold 95,485 shares of Samsara stock. The stock was sold at an average price of $41.87, for a total transaction of $3,997,956.95.
• On Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The shares were sold at an average price of $38.83, for a total value of $796,908.09.
• On Wednesday, September 30th, John Bicket sold 84,950 shares of Samsara stock. The shares were sold at an average price of $38.40, for a total value of $3,262,080.00.
• On Tuesday, September 29th, John Bicket sold 158,427 shares of Samsara stock. The stock was sold at an average price of $37.73, for a total transaction of $5,977,450.71.
• On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The stock was sold at an average price of $39.44, for a total value of $1,362,928.08.
• On Wednesday, August 19th, John Bicket sold 93,365 shares of Samsara stock. The stock was sold at an average price of $39.93, for a total value of $3,728,064.45.
• On Tuesday, August 18th, John Bicket sold 135,978 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total value of $5,437,760.22.
• On Thursday, August 6th, John Bicket sold 57,267 shares of Samsara stock. The shares were sold at an average price of $37.89, for a total transaction of $2,169,846.63.
• On Wednesday, August 5th, John Bicket sold 87,079 shares of Samsara stock. The stock was sold at an average price of $38.64, for a total value of $3,364,732.56.

Samsara Stock Up 4.4%

NYSE:IOT traded up $1.81 on Thursday, reaching $42.61. 3,214,883 shares of the company's stock were exchanged, compared to its average volume of 4,813,616. The firm has a market capitalization of $24.95 billion, a price-to-earnings ratio of 266.32, a price-to-earnings-growth ratio of 10.02 and a beta of 1.35. The business has a fifty day moving average of $39.89 and a 200-day moving average of $35.14. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $508.44 million during 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%. The business's revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter last year, the firm 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, equities analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Cantor Fitzgerald began coverage on Samsara in a report on Monday, September 14th. They issued an "overweight" rating and a $45.00 target price on the stock. Royal Bank Of Canada lifted their price target on Samsara from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, September 4th. Craig Hallum reiterated a "buy" rating and issued a $54.00 price objective on shares of Samsara in a research report on Friday, September 4th. BNP Paribas Exane increased their price objective on shares of Samsara from $40.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, September 4th. Finally, TD Cowen increased their price objective on shares of Samsara from $48.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $51.68.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Seelaus Asset Management LLC grew its position in shares of Samsara by 15.3% in the third quarter. Seelaus Asset Management LLC now owns 18,909 shares of the company's stock valued at $721,000 after purchasing an additional 2,514 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of Samsara by 12.8% in the 3rd quarter. Avior Wealth Management LLC now owns 18,005 shares of the company's stock valued at $687,000 after purchasing an additional 2,049 shares during the last quarter. GK Wealth Management LLC acquired a new stake in shares of Samsara during the 3rd quarter worth $104,000. Wedmont Private Capital purchased a new position in shares of Samsara in the 3rd quarter worth $206,000. Finally, Post Resch Tallon Group Inc. purchased a new position in shares of Samsara in the 3rd quarter worth $303,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Samsara Company Profile

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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