Samsara (NYSE:IOT) CAO Benjamin Louis Kirchhoff Sells 770 Shares of Stock

Key Points

• Samsara CAO Benjamin Kirchhoff sold 770 shares at an average price of $39.79, for proceeds of $30,638.30. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 148,151 shares.
• Samsara’s shares traded at $43.21, with a market capitalization of approximately $25.3 billion. The stock has ranged from $23.38 to $47.47 over the past year and carries a high P/E ratio of 270.04.
• The company recently beat quarterly earnings and revenue estimates, reporting $0.20 in EPS and $508.44 million in revenue, up 29.9% year over year. Analysts maintain a Moderate Buy consensus rating with an average price target of $51.68.

Samsara Inc. (NYSE:IOT - Get Free Report) CAO Benjamin Kirchhoff sold 770 shares of the company's stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $39.79, for a total transaction of $30,638.30. Following the completion of the sale, the chief accounting officer directly owned 148,151 shares of the company's stock, valued at $5,894,928.29. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Benjamin Louis Kirchhoff also recently made the following trade(s):

• On Thursday, October 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The shares were sold at an average price of $40.40, for a total transaction of $87,466.00.
• On Friday, September 18th, Benjamin Kirchhoff sold 770 shares of Samsara stock. The shares were sold at an average price of $40.42, for a total transaction of $31,123.40.
• On Tuesday, September 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The shares were sold at an average price of $42.55, for a total transaction of $92,120.75.

Samsara Stock Performance

Shares of IOT stock traded up $0.82 during midday trading on Wednesday, reaching $43.21. 2,950,849 shares of the company were exchanged, compared to its average volume of 6,729,100. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47. The company has a market cap of $25.30 billion, a P/E ratio of 270.04, a PEG ratio of 9.90 and a beta of 1.35. The company's 50 day moving average price is $40.00 and its two-hundred day moving average price is $35.43.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results 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. The company 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 period in the prior year, the business posted $0.12 EPS. 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 predict that Samsara Inc. will post 0.13 earnings per share for the current year.

Institutional Investors Weigh In On Samsara

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

Wall Street Analyst Weigh In

IOT has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on Samsara from $50.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, September 4th. Royal Bank Of Canada boosted their price objective on Samsara from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, September 4th. BMO Capital Markets upped their price objective on Samsara from $44.00 to $54.00 and gave the company an "outperform" rating in a report on Friday, September 4th. Piper Sandler reaffirmed a "neutral" rating and set a $46.00 target price (up from $40.00) on shares of Samsara in a research note on Friday, September 4th. Finally, Craig Hallum reaffirmed a "buy" rating and set a $54.00 target price on shares of Samsara 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $51.68.

About Samsara

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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