Samsara (NYSE:IOT) CEO Sanjit Biswas Sells 84,369 Shares of Company Stock

Key Points

• CEO Sanjit Biswas sold 84,369 Samsara shares at an average price of $38.40, generating approximately $3.24 million. The Rule 10b5-1 transaction reduced his direct ownership by 27.2% to 225,800 shares.
• Biswas has made multiple additional sales in recent months, including 21,129 shares on October 1 and 158,402 shares on September 29, alongside several August and July transactions.
• Samsara recently exceeded quarterly earnings and revenue expectations, with revenue rising 29.9% year over year. Analysts maintain a “Moderate Buy” consensus, with an average price target of $52.05 versus the stock’s reported price of $40.04.

Samsara Inc. (NYSE:IOT - Get Free Report) CEO Sanjit Biswas sold 84,369 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $38.40, for a total value of $3,239,769.60. Following the completion of the transaction, the chief executive officer directly owned 225,800 shares of the company's stock, valued at approximately $8,670,720. The trade was a 27.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 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 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 value of $3,717,575.26.
• On Tuesday, August 18th, Sanjit Biswas sold 135,455 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total value of $5,416,845.45.
• On Thursday, August 6th, Sanjit Biswas sold 57,090 shares of Samsara stock. The shares were sold at an average price of $37.89, for a total value of $2,163,140.10.
• On Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The stock was sold at an average price of $38.64, for a total value of $3,374,547.12.
• On Tuesday, August 4th, Sanjit Biswas sold 119,477 shares of Samsara stock. The shares were sold at an average price of $38.34, for a total value of $4,580,748.18.
• On Wednesday, July 22nd, Sanjit Biswas sold 61,283 shares of Samsara stock. The stock was sold at an average price of $33.87, for a total transaction of $2,075,655.21.
• On Tuesday, July 21st, Sanjit Biswas sold 202,617 shares of Samsara stock. The shares were sold at an average price of $36.81, for a total transaction of $7,458,331.77.

Samsara Stock Performance

Shares of NYSE IOT traded up $1.91 during trading on Thursday, reaching $40.04. The company had a trading volume of 4,529,759 shares, compared to its average volume of 7,544,066. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. 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. The business's 50 day moving average price is $38.94 and its 200-day moving average price is $34.54.

Samsara (NYSE:IOT - Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The company had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. During the same period in the prior year, the business earned $0.12 earnings per share. Samsara's quarterly revenue was up 29.9% on a year-over-year basis. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Equities analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Guggenheim increased their price objective on Samsara from $45.00 to $51.00 and gave the company a "buy" rating in a research report on Friday, September 4th. Truist Financial boosted their target price on Samsara from $38.00 to $48.00 and gave the stock a "hold" rating in a research report on Friday, September 4th. TD Cowen upped their price target on Samsara from $48.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, September 4th. Wells Fargo & Company raised their price target on Samsara from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, September 4th. Finally, Cantor Fitzgerald initiated coverage on Samsara in a research report on Monday, September 14th. They issued an "overweight" rating and a $45.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $52.05.

Hedge Funds Weigh In On Samsara

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cim LLC increased its holdings in Samsara by 1.3% in the first quarter. Cim LLC now owns 34,505 shares of the company's stock valued at $1,093,000 after purchasing an additional 455 shares during the last quarter. Lido Advisors LLC lifted its stake in Samsara by 1.4% in the first quarter. Lido Advisors LLC now owns 40,044 shares of the company's stock valued at $1,269,000 after buying an additional 534 shares during the period. Moran Wealth Management LLC boosted its holdings in Samsara by 7.3% during the first quarter. Moran Wealth Management LLC now owns 8,291 shares of the company's stock worth $263,000 after buying an additional 562 shares during the last quarter. TrueMark Investments LLC boosted its holdings in Samsara by 1.4% during the first quarter. TrueMark Investments LLC now owns 44,724 shares of the company's stock worth $1,417,000 after buying an additional 630 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of Samsara by 91.0% during 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 period. 96.02% of the stock is owned by institutional investors.

About Samsara

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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