Samsara (NYSE:IOT) Insider Sells $4,629,115.13 in Stock

Key Points

• Insider John Bicket sold 107,729 Samsara shares for approximately $4.63 million at an average price of $42.97, reducing his ownership by 44.35% to 135,200 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Bicket has made several additional stock sales in recent months, including more than $6.7 million in sales on October 27–29, indicating a broader pattern of insider selling.
• Samsara reported better-than-expected quarterly results, with $0.20 in earnings per share and $508.44 million in revenue, up 29.9% year over year. Analysts maintain a “Moderate Buy” consensus, with an average price target of $51.68 versus the reported share price of $41.51.

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 107,729 shares of Samsara stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $42.97, for a total value of $4,629,115.13. Following the completion of the sale, the insider owned 135,200 shares of the company's stock, valued at $5,809,544. The trade was a 44.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $41.58, for a total value of $1,767,441.06.
• On Tuesday, October 27th, John Bicket sold 113,664 shares of Samsara stock. The stock was 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 value 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 stock was 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 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 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 Performance

NYSE:IOT traded down $1.50 during mid-day trading 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 fifty day moving average of $40.48 and a 200 day moving average of $34.22. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The company 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 quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. The business had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The company's quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. On average, research analysts expect that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of Samsara

Several institutional investors have recently modified their holdings of IOT. Wellington Management Group LLP raised its position in shares of Samsara by 9.6% during the 2nd 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 raised its holdings in shares of Samsara by 4.7% during the second quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company's stock valued at $100,068,000 after acquiring an additional 139,009 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Samsara by 41.5% in the first quarter. Bank of America Corp DE now owns 2,710,202 shares of the company's stock valued at $85,886,000 after acquiring an additional 794,255 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Samsara by 3.3% in the first quarter. Bessemer Group Inc. now owns 1,675,509 shares of the company's stock worth $53,097,000 after acquiring an additional 53,576 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Samsara by 64.3% in the first quarter. First Trust Advisors LP now owns 1,494,291 shares of the company's stock worth $47,354,000 after acquiring an additional 584,854 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald initiated coverage on shares of Samsara in a research note on Monday, September 14th. They set an "overweight" rating and a $45.00 price objective for the company. Guggenheim raised their target price on Samsara from $45.00 to $51.00 and gave the stock a "buy" rating in a research note on Friday, September 4th. TD Cowen lifted their price target on Samsara from $48.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, September 4th. Craig Hallum restated a "buy" rating and issued a $54.00 price objective on shares of Samsara in a research note on Friday, September 4th. Finally, Royal Bank Of Canada lifted their target price on Samsara from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company 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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