Samsara (NYSE:IOT) Insider John Bicket Sells 113,664 Shares of Stock

Key Points

• Insider sale: Samsara insider John Bicket sold 113,664 shares for approximately $4.93 million at an average price of $43.38, reducing his direct ownership by 78.9% to 30,400 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Continued selling activity: Bicket has made multiple additional Samsara sales in recent weeks, including more than 150,000 shares sold across October 28 and 29.
• Company and stock performance: Samsara shares recently traded at $41.51, down 3.5%, while the company reported quarterly revenue of $508.44 million and adjusted earnings of $0.20 per share, exceeding analyst estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $51.68.

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 113,664 shares of the firm's stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $43.38, for a total transaction of $4,930,744.32. Following the sale, the insider directly owned 30,400 shares of the company's stock, valued at $1,318,752. The trade was a 78.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Bicket also recently made the following trade(s):

• On Thursday, October 29th, John Bicket sold 42,507 shares of Samsara stock. The stock was sold at an average price of $41.58, for a total transaction of $1,767,441.06.
• On Wednesday, October 28th, John Bicket sold 107,729 shares of Samsara stock. The shares were sold at an average price of $42.97, for a total transaction of $4,629,115.13.
• On Thursday, October 15th, John Bicket sold 65,209 shares of Samsara stock. The shares were sold at an average price of $42.27, for a total transaction of $2,756,384.43.
• On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The stock was sold at an average price of $41.14, for a total transaction of $4,245,894.84.
• On Tuesday, October 13th, John Bicket sold 95,485 shares of Samsara stock. The stock was sold at an average price of $41.87, for a total transaction of $3,997,956.95.
• On Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The shares were sold at an average price of $38.83, for a total transaction of $796,908.09.
• On Wednesday, September 30th, John Bicket sold 84,950 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total transaction of $3,262,080.00.
• On Tuesday, September 29th, John Bicket sold 158,427 shares of Samsara stock. The stock was sold at an average price of $37.73, for a total value of $5,977,450.71.
• On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The shares were sold at an average price of $39.44, for a total value of $1,362,928.08.
• On Wednesday, August 19th, John Bicket sold 93,365 shares of Samsara stock. The shares were sold at an average price of $39.93, for a total value of $3,728,064.45.

Samsara Stock Down 3.5%

NYSE:IOT traded down $1.50 during trading hours on Thursday, reaching $41.51. 4,524,182 shares of the stock were exchanged, compared to its average volume of 6,644,581. The firm has a 50 day simple moving average of $40.48 and a 200-day simple moving average of $34.22. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The stock has a market capitalization of $24.31 billion, a P/E ratio of 259.41, a P/E/G ratio of 11.03 and a beta of 1.35.

Samsara (NYSE:IOT - Get Free Report) last issued its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping 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 company had revenue of $508.44 million during the quarter, compared to analyst estimates of $483.29 million. During the same quarter last year, the firm earned $0.12 EPS. The business's 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. As a group, analysts expect that Samsara Inc. will post 0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

IOT has been the topic of a number of research reports. Wall Street Zen raised shares of Samsara from a "hold" rating to a "buy" rating in a report on Saturday, September 12th. Truist Financial lifted their price target on shares of Samsara from $38.00 to $48.00 and gave the company a "hold" rating in a report on Friday, September 4th. Evercore reaffirmed an "outperform" rating and set a $55.00 price objective on shares of Samsara in a research report on Friday, September 4th. KeyCorp increased their price objective on shares of Samsara from $46.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, September 4th. Finally, Craig Hallum reissued a "buy" rating and issued a $54.00 target price on shares of Samsara in a report 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $51.68.

Institutional Trading of Samsara

Large investors have recently modified their holdings of the company. USS Investment Management Ltd bought a new stake in shares of Samsara in the 1st quarter worth $28,232,000. Spyglass Capital Management LLC boosted its stake in Samsara by 25.5% during the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company's stock valued at $93,379,000 after buying an additional 599,651 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Samsara during the second quarter valued at about $4,860,000. Tidal Investments LLC boosted its stake in Samsara by 347.6% during the second quarter. Tidal Investments LLC now owns 72,129 shares of the company's stock valued at $2,339,000 after buying an additional 56,016 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in Samsara by 226.3% during the first quarter. Fifth Third Bancorp now owns 54,335 shares of the company's stock worth $1,722,000 after acquiring an additional 37,683 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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