Samsara (NYSE:IOT) CEO Sells $1,699,173.75 in Stock

Key Points

• Samsara CEO Sanjit Biswas sold 40,875 shares at an average price of $41.57, generating approximately $1.70 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by 8.13% to 461,835 shares.
• Samsara reported quarterly earnings of $0.20 per share, exceeding estimates by $0.04, while revenue rose 29.9% year over year to $508.44 million.
• The stock traded at $41.51, with analysts maintaining a consensus “Moderate Buy” rating and an average price target of $51.68; institutional investors own approximately 96.02% of the company.

Samsara Inc. (NYSE:IOT - Get Free Report) CEO Sanjit Biswas sold 40,875 shares of the company's stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $41.57, for a total transaction of $1,699,173.75. Following the completion of the sale, the chief executive officer directly owned 461,835 shares in the company, valued at $19,198,480.95. This trade represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanjit Biswas also recently made the following trade(s):

• On Tuesday, October 27th, Sanjit Biswas sold 114,813 shares of Samsara stock. The shares were sold at an average price of $43.38, for a total transaction of $4,980,587.94.
• On Wednesday, October 28th, Sanjit Biswas sold 108,212 shares of Samsara stock. The shares were sold at an average price of $42.97, for a total value of $4,649,869.64.
• On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The shares were sold at an average price of $42.27, for a total transaction of $2,764,542.54.
• On Wednesday, October 14th, Sanjit Biswas sold 103,110 shares of Samsara stock. The stock was sold at an average price of $41.14, for a total value of $4,241,945.40.
• On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total value of $3,993,895.56.
• On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The shares were sold at an average price of $38.81, for a total value of $820,016.49.
• On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The shares were sold at an average price of $38.40, for a total value of $3,239,769.60.
• 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 value 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 transaction of $3,717,575.26.

Samsara Price Performance

NYSE IOT traded down $1.50 during trading hours on Thursday, hitting $41.51. 4,524,182 shares of the company's stock traded hands, compared to its average volume of 6,644,581. The company has a market capitalization of $24.31 billion, a PE ratio of 259.41, a PEG ratio of 11.03 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 firm's 50-day moving average is $40.48 and its 200-day moving average is $34.22.

Samsara (NYSE:IOT - Get Free Report) last released its 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 business had revenue of $508.44 million for 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 was up 29.9% on a year-over-year basis. During the same period last year, the company 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. Equities research analysts predict that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Samsara from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Friday, September 4th. Jefferies Financial Group assumed coverage on Samsara in a report on Sunday, October 4th. They issued a "buy" rating and a $50.00 price objective on the stock. 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. BMO Capital Markets lifted their target price on Samsara from $44.00 to $54.00 and gave the company an "outperform" rating in a research report on Friday, September 4th. Finally, BNP Paribas Exane increased their price target on Samsara from $40.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $51.68.

Institutional Inflows and Outflows

Several 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 worth $302,494,000 after purchasing an additional 813,922 shares during the last quarter. Spyglass Capital Management LLC lifted its holdings in shares of Samsara by 4.7% in the 2nd quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company's stock valued at $100,068,000 after purchasing an additional 139,009 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Samsara by 41.5% in the 1st quarter. Bank of America Corp DE now owns 2,710,202 shares of the company's stock valued at $85,886,000 after purchasing an additional 794,255 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Samsara by 3.3% in the 1st quarter. Bessemer Group Inc. now owns 1,675,509 shares of the company's stock valued at $53,097,000 after purchasing an additional 53,576 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Samsara by 64.3% in the 1st quarter. First Trust Advisors LP now owns 1,494,291 shares of the company's stock valued at $47,354,000 after purchasing an additional 584,854 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

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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