Samsara (NYSE:IOT) Insider Sells $697,874.76 in Stock

Key Points

• Insider sale: Samsara insider Dominic Phillips sold 17,908 shares for approximately $697,875 under a pre-arranged Rule 10b5-1 plan, reducing his position by 1.70% to 1,036,149 shares.
• Strong financial results: Samsara reported quarterly EPS of $0.20 versus the $0.16 consensus estimate, while revenue rose 29.9% year over year to $508.44 million.
• Market outlook: Shares traded at $42.46, and analysts maintained a “Moderate Buy” consensus with an average price target of $51.68; institutional investors own 96.02% of the stock.

Samsara Inc. (NYSE:IOT - Get Free Report) insider Dominic Phillips sold 17,908 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $38.97, for a total transaction of $697,874.76. Following the completion of the transaction, the insider directly owned 1,036,149 shares of the company's stock, valued at $40,378,726.53. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dominic Phillips also recently made the following trade(s):

• On Thursday, October 1st, Dominic Phillips sold 12,064 shares of Samsara stock. The shares were sold at an average price of $38.97, for a total value of $470,134.08.
• On Friday, September 4th, Dominic Phillips sold 17,909 shares of Samsara stock. The shares were sold at an average price of $44.25, for a total value of $792,473.25.
• On Friday, September 4th, Dominic Phillips sold 11,710 shares of Samsara stock. The shares were sold at an average price of $44.25, for a total value of $518,167.50.
• On Monday, August 3rd, Dominic Phillips sold 17,908 shares of Samsara stock. The shares were sold at an average price of $37.62, for a total value of $673,698.96.
• On Monday, August 3rd, Dominic Phillips sold 11,710 shares of Samsara stock. The stock was sold at an average price of $37.62, for a total value of $440,530.20.

Samsara Stock Performance

Shares of NYSE IOT traded up $1.34 during midday trading on Monday, reaching $42.46. 8,075,499 shares of the company traded hands, compared to its average volume of 6,915,373. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47. The stock's 50-day simple moving average is $39.27 and its 200-day simple moving average is $34.66. The firm has a market cap of $24.86 billion, a PE ratio of 265.37, a PEG ratio of 10.10 and a beta of 1.35.

Samsara (NYSE:IOT - Get Free Report) last posted its 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. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The firm's quarterly revenue was up 29.9% compared to the same quarter last year. 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, equities research analysts expect that Samsara Inc. will post 0.13 EPS for the current year.

Hedge Funds Weigh In On Samsara

Several hedge funds have recently added to or reduced their stakes in the company. USS Investment Management Ltd bought a new position in Samsara in the first quarter valued at approximately $28,232,000. Spyglass Capital Management LLC raised its position in shares of Samsara by 25.5% during the 1st quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company's stock valued at $93,379,000 after acquiring an additional 599,651 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Samsara in the 2nd quarter valued at $4,860,000. Fieldview Capital Management LLC acquired a new position in shares of Samsara in the 4th quarter valued at $1,604,000. Finally, Brown Advisory Inc. boosted its position in shares of Samsara by 42.1% in the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company's stock worth $397,536,000 after purchasing an additional 3,322,023 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IOT. Guggenheim lifted their target price on shares of Samsara from $45.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, September 4th. Truist Financial raised their target price on Samsara from $38.00 to $48.00 and gave the company a "hold" rating in a research note on Friday, September 4th. Jefferies Financial Group assumed coverage on shares of Samsara in a research report on Sunday. They set a "buy" rating and a $50.00 price target on the stock. TD Cowen raised their price objective on shares of Samsara from $48.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, September 4th. Finally, Evercore reaffirmed an "outperform" rating and issued a $55.00 target price on shares of Samsara in a research note on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.68.

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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