Samsara (NYSE:IOT) CAO Sells $92,120.75 in Stock

Key Points

• Samsara CAO Benjamin Kirchhoff sold 2,165 shares for $92,120.75 under a pre-arranged Rule 10b5-1 plan to cover tax withholding related to vested equity awards. He retains 151,856 shares valued at approximately $6.46 million.
• Samsara shares fell 1.6% to $40.00, while the company’s latest quarter exceeded expectations with adjusted EPS of $0.20 versus $0.16 expected and revenue of $508.44 million, up 29.9% year over year.
• Analyst sentiment remains broadly positive: the stock has a “Moderate Buy” consensus rating and a $52.05 average price target, with several firms recently raising targets to $54–$55.

Samsara Inc. (NYSE:IOT - Get Free Report) CAO Benjamin Kirchhoff sold 2,165 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $42.55, for a total value of $92,120.75. Following the sale, the chief accounting officer directly owned 151,856 shares in the company, valued at $6,461,472.80. This trade represents a 1.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, July 20th, Benjamin Kirchhoff sold 960 shares of Samsara stock. The shares were sold at an average price of $37.70, for a total value of $36,192.00.

Samsara Trading Down 1.6%

Shares of Samsara stock traded down $0.66 on Thursday, reaching $40.00. The stock had a trading volume of 3,605,598 shares, compared to its average volume of 7,541,922. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47. The company has a market cap of $23.31 billion, a P/E ratio of 369.64, a price-to-earnings-growth ratio of 10.01 and a beta of 1.35. The business's 50 day moving average is $38.56 and its two-hundred day moving average is $34.01.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating 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%. Samsara's revenue was up 29.9% compared to the same quarter last year. During the same period last year, the business earned $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, equities analysts anticipate that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IOT has been the subject of a number of recent analyst reports. KeyCorp boosted their price target on shares of Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, September 4th. Evercore reissued an "outperform" rating and set a $55.00 price objective on shares of Samsara in a research note on Friday, September 4th. Craig Hallum restated a "buy" rating and set a $54.00 target price on shares of Samsara in a research report on Friday, September 4th. Guggenheim upped their price objective on Samsara from $45.00 to $51.00 and gave the stock a "buy" rating in a report on Friday, September 4th. Finally, Royal Bank Of Canada raised their target price on shares of Samsara from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $52.05.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Markowski Investments purchased a new position in Samsara during the second quarter valued at $37,000. Parkside Financial Bank & Trust raised its position in Samsara by 91.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company's stock worth $45,000 after buying an additional 656 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Samsara during the 2nd quarter valued at about $46,000. CX Institutional bought a new stake in shares of Samsara in the second quarter worth approximately $64,000. Finally, Leonteq Securities AG purchased a new position in shares of Samsara during the fourth quarter valued at approximately $76,000. Institutional investors own 96.02% of the company's stock.

Samsara Company Profile

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company's products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.

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