Samsara (NYSE:IOT) CEO Sells $820,016.49 in Stock

Key Points

• Samsara CEO Sanjit Biswas sold 21,129 shares for approximately $820,016 at an average price of $38.81 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct stake by 2.35% to 877,835 shares.
• The sale follows several other sizable disposals by Biswas, including more than $9.2 million in shares sold on September 29 and 30.
• Samsara shares traded at $40.04, while the company recently beat quarterly earnings and revenue expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $52.05.

Samsara Inc. (NYSE:IOT - Get Free Report) CEO Sanjit Biswas sold 21,129 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $38.81, for a total value of $820,016.49. Following the transaction, the chief executive officer directly owned 877,835 shares in the company, valued at $34,068,776.35. The trade was a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 stock was 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 transaction of $3,717,575.26.
• On Tuesday, August 18th, Sanjit Biswas sold 135,455 shares of Samsara stock. The shares were sold at an average price of $39.99, for a total transaction 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 transaction 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 transaction 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 transaction of $4,580,748.18.
• On Wednesday, July 22nd, Sanjit Biswas sold 61,283 shares of Samsara stock. The shares were 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 stock was sold at an average price of $36.81, for a total transaction of $7,458,331.77.

Samsara Stock Performance

Samsara stock traded up $1.91 during mid-day trading on Thursday, reaching $40.04. 4,529,759 shares of the company were exchanged, compared to its average volume of 7,544,066. The business has a fifty day moving average of $38.94 and a 200 day moving average of $34.54. The firm has a market cap of $23.45 billion, a P/E ratio of 346.64, a PEG ratio of 9.36 and a beta of 1.35. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47.

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, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $483.29 million. During the same quarter last year, the firm earned $0.12 EPS. The business's revenue for the quarter 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. Sell-side analysts predict that Samsara Inc. will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IOT. Royal Bank Of Canada lifted their target price on Samsara from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, September 4th. Wolfe Research reissued an "outperform" rating on shares of Samsara in a research report on Thursday, June 11th. Evercore restated an "outperform" rating and issued a $55.00 price target on shares of Samsara in a report on Friday, September 4th. Truist Financial lifted their price objective on shares of Samsara from $38.00 to $48.00 and gave the stock a "hold" rating in a research report on Friday, September 4th. Finally, TD Cowen boosted their price objective on shares of Samsara from $48.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday, September 4th. One investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company 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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