Samsara (NYSE:IOT) Insider John Bicket Sells 42,507 Shares of Stock

Key Points

• Insider John Bicket sold 42,507 Samsara shares at an average price of $41.58, generating approximately $1.77 million. The Rule 10b5-1 transaction reduced his position by 7.04%, leaving him with 561,398 shares.
• Samsara shares fell 3.5% to $41.51, despite the company recently exceeding quarterly earnings and revenue expectations. Revenue rose 29.9% year over year to $508.44 million.
• Wall Street remains broadly positive, with analysts assigning the stock a “Moderate Buy” consensus rating and an average price target of $51.68; institutional investors own 96.02% of the shares.

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 42,507 shares of Samsara stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $41.58, for a total value of $1,767,441.06. Following the sale, the insider directly owned 561,398 shares in the company, valued at approximately $23,342,928.84. This trade represents a 7.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, October 28th, John Bicket sold 107,729 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total value of $4,629,115.13.
• On Tuesday, October 27th, John Bicket sold 113,664 shares of Samsara stock. The shares were sold at an average price of $43.38, for a total value of $4,930,744.32.
• On Thursday, October 15th, John Bicket sold 65,209 shares of Samsara stock. The stock was sold at an average price of $42.27, for a total value of $2,756,384.43.
• On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The shares were 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 shares were 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 value 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 value 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 stock was sold at an average price of $39.44, for a total transaction 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 transaction of $3,728,064.45.

Samsara Trading Down 3.5%

Shares of NYSE IOT traded down $1.50 during midday trading on Thursday, reaching $41.51. The company's stock had a trading volume of 4,524,182 shares, compared to its average volume of 6,644,581. The company has a market cap of $24.31 billion, a price-to-earnings ratio of 259.41, a price-to-earnings-growth ratio of 11.03 and a beta of 1.35. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The company has a 50 day moving average price of $40.48 and a 200 day moving average price of $34.22.

Samsara (NYSE:IOT - Get Free Report) last issued 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 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 period in the previous year, the firm posted $0.12 EPS. The company'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. Research analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Samsara

Several institutional investors and hedge funds have recently added to or reduced their stakes in IOT. USS Investment Management Ltd bought a new position in Samsara in the 1st quarter worth $28,232,000. Spyglass Capital Management LLC grew its position in shares of Samsara by 25.5% in the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company's stock valued at $93,379,000 after purchasing an additional 599,651 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Samsara in the second quarter worth about $4,860,000. Tidal Investments LLC increased its stake in shares of Samsara by 347.6% in the second quarter. Tidal Investments LLC now owns 72,129 shares of the company's stock worth $2,339,000 after purchasing an additional 56,016 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Samsara by 226.3% during the 1st quarter. Fifth Third Bancorp now owns 54,335 shares of the company's stock worth $1,722,000 after purchasing an additional 37,683 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on IOT shares. BTIG Research lifted their price objective on shares of Samsara from $45.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, September 4th. Bank of America increased their target price on Samsara from $47.00 to $55.00 and gave the company a "buy" rating in a report on Friday, September 4th. BMO Capital Markets raised their target price on Samsara from $44.00 to $54.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. Guggenheim raised their target price on Samsara from $45.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, September 4th. Finally, Weiss Ratings upgraded Samsara from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. Two investment 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $51.68.

Samsara Company Profile

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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