Samsara (NYSE:IOT) Insider John Bicket Sells 84,950 Shares of Company Stock

Key Points

• Insider sale: Samsara insider John Bicket sold 84,950 shares at an average price of $38.40, generating $3.26 million. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 27.34%.
• Stock performance and valuation: Samsara shares rose 5.0% to $40.04, with a market capitalization of $23.45 billion and a notably high P/E ratio of 346.64.
• Business results and outlook: Quarterly revenue increased 29.9% year over year to $508.44 million, while adjusted earnings of $0.20 per share exceeded estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $52.05.

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 84,950 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 transaction of $3,262,080.00. Following the transaction, the insider owned 225,800 shares in the company, valued at approximately $8,670,720. The trade was a 27.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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 Tuesday, September 29th, John Bicket sold 158,427 shares of Samsara stock. The shares were 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 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.
• On Tuesday, August 18th, John Bicket sold 135,978 shares of Samsara stock. The shares were sold at an average price of $39.99, for a total value of $5,437,760.22.
• On Thursday, August 6th, John Bicket sold 57,267 shares of Samsara stock. The stock was sold at an average price of $37.89, for a total value of $2,169,846.63.
• On Wednesday, August 5th, John Bicket sold 87,079 shares of Samsara stock. The stock was sold at an average price of $38.64, for a total value of $3,364,732.56.
• On Tuesday, August 4th, John Bicket sold 119,554 shares of Samsara stock. The shares were sold at an average price of $38.34, for a total value of $4,583,700.36.
• On Wednesday, July 22nd, John Bicket sold 61,352 shares of Samsara stock. The stock was sold at an average price of $33.87, for a total transaction of $2,077,992.24.
• On Tuesday, July 21st, John Bicket sold 202,548 shares of Samsara stock. The stock was sold at an average price of $36.81, for a total transaction of $7,455,791.88.

Samsara Trading Up 5.0%

IOT stock traded up $1.91 during mid-day trading on Thursday, hitting $40.04. The stock had a trading volume of 4,529,759 shares, compared to its average volume of 7,544,066. The firm has a fifty day simple moving average of $38.94 and a 200 day simple moving average of $34.54. The firm has a market capitalization of $23.45 billion, a P/E ratio of 346.64, a P/E/G ratio of 9.36 and a beta of 1.35. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly 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 company had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The firm's quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, equities analysts expect that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Samsara

A number of hedge funds have recently modified their holdings of IOT. Goldman Sachs Group Inc. lifted its holdings in Samsara by 58.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company's stock worth $421,079,000 after buying an additional 4,401,082 shares during the period. Brown Advisory Inc. boosted its position in shares of Samsara by 42.1% during the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company's stock valued at $397,536,000 after purchasing an additional 3,322,023 shares in the last quarter. Wellington Management Group LLP grew its stake in 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 period. Geode Capital Management LLC grew its stake in Samsara by 17.8% during the fourth quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company's stock worth $219,035,000 after purchasing an additional 935,855 shares during the period. Finally, Bamco Inc. NY increased its holdings in Samsara by 21.9% in the fourth quarter. Bamco Inc. NY now owns 4,120,031 shares of the company's stock worth $146,055,000 after purchasing an additional 741,200 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Samsara from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Friday, September 4th. Craig Hallum reaffirmed a "buy" rating and issued a $54.00 price objective on shares of Samsara in a research note on Friday, September 4th. Truist Financial lifted their target price on Samsara from $38.00 to $48.00 and gave the company a "hold" rating in a research report on Friday, September 4th. Weiss Ratings downgraded Samsara from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, September 9th. Finally, BTIG Research increased their target price on shares of Samsara from $45.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Samsara has an average rating of "Moderate Buy" and a consensus target price of $52.05.

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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