Insider Selling: Samsara (NYSE:IOT) Insider Sells $5,977,450.71 in Stock

Key Points

• Samsara insider John Bicket sold 158,427 shares for approximately $5.98 million at an average price of $37.73 under a pre-arranged Rule 10b5-1 plan, reducing his direct ownership by 75.43% to 51,600 shares.
• Samsara shares traded at $40.04, with the company valued at about $23.45 billion; the stock remains highly valued at a price-to-earnings ratio of 346.64.
• The company recently exceeded quarterly earnings and revenue expectations, reporting $0.20 in EPS and $508.44 million in revenue, while analysts maintain a Moderate Buy consensus and an average price target of $52.05.

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 158,427 shares of the firm's stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $37.73, for a total transaction of $5,977,450.71. Following the completion of the transaction, the insider directly owned 51,600 shares of the company's stock, valued at approximately $1,946,868. This trade represents a 75.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 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 transaction of $3,262,080.00.
• 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 shares were 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 transaction 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 value 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.
• On Tuesday, August 4th, John Bicket sold 119,554 shares of Samsara stock. The shares were sold at an average price of $38.34, for a total transaction of $4,583,700.36.
• On Wednesday, July 22nd, John Bicket sold 61,352 shares of Samsara stock. The shares were sold at an average price of $33.87, for a total value of $2,077,992.24.
• On Tuesday, July 21st, John Bicket sold 202,548 shares of Samsara stock. The shares were sold at an average price of $36.81, for a total value of $7,455,791.88.

Samsara Price Performance

Samsara stock traded up $1.91 during trading hours on Thursday, reaching $40.04. The stock had a trading volume of 4,529,759 shares, compared to its average volume of 7,544,066. The stock has a market cap of $23.45 billion, a PE ratio of 346.64, a PEG ratio of 9.36 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 fifty day simple moving average of $38.94 and a 200-day simple moving average of $34.54.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly 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 4.13% and a net margin of 4.90%.The business had revenue of $508.44 million during the quarter, compared to analyst estimates of $483.29 million. During the same quarter in the prior 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. Research analysts predict that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Samsara

Hedge funds and other institutional investors have recently modified their holdings of the business. Markowski Investments purchased a new stake in Samsara in the second quarter worth $37,000. Parkside Financial Bank & Trust boosted its stake in shares of Samsara by 91.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company's stock valued at $45,000 after purchasing an additional 656 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Samsara in the 2nd quarter worth $46,000. CX Institutional purchased a new stake in shares of Samsara during the second quarter valued at about $64,000. Finally, International Assets Investment Management LLC boosted its stake in Samsara by 444.3% in the first quarter. International Assets Investment Management LLC now owns 2,961 shares of the company's stock valued at $94,000 after acquiring an additional 2,417 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IOT has been the subject of a number of analyst reports. Wolfe Research reaffirmed an "outperform" rating on shares of Samsara in a research report on Thursday, June 11th. Weiss Ratings downgraded shares of Samsara from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, September 9th. JPMorgan Chase & Co. raised their price objective on shares of Samsara from $48.00 to $52.00 and gave the company a "neutral" rating in a research report on Friday, September 4th. Truist Financial upped their price target on Samsara from $38.00 to $48.00 and gave the stock a "hold" rating in a research note on Friday, September 4th. Finally, BNP Paribas Exane increased their price target on Samsara from $40.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.05.

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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