Samsara (NYSE:IOT) Stock: Insider John Bicket Sells 103,206 Shares

Key Points

• Insider sale: Samsara insider John Bicket sold 103,206 shares for approximately $4.25 million at an average price of $41.14, reducing his direct ownership by 36.38% to 180,500 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Stock performance and valuation: Samsara shares rose 4.4% to $42.61, with a market capitalization of roughly $24.95 billion. The stock trades at a notably high trailing P/E ratio of about 371 and has ranged from $23.38 to $47.47 over the past year.
• Business and analyst outlook: Samsara beat quarterly earnings and revenue estimates, reporting $0.20 EPS 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.

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 103,206 shares of the firm's stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $41.14, for a total value of $4,245,894.84. Following the sale, the insider directly owned 180,500 shares in the company, valued at approximately $7,425,770. This represents a 36.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 15th, John Bicket sold 65,209 shares of Samsara stock. The shares were sold at an average price of $42.27, for a total value of $2,756,384.43.
• 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 value 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 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 shares were sold at an average price of $37.73, for a total transaction 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 transaction of $1,362,928.08.
• On Wednesday, August 19th, John Bicket sold 93,365 shares of Samsara stock. The stock was sold at an average price of $39.93, for a total transaction of $3,728,064.45.
• On Tuesday, August 18th, John Bicket sold 135,978 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total transaction 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 transaction 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 transaction of $3,364,732.56.

Samsara Trading Up 4.4%

IOT traded up $1.81 during trading on Thursday, hitting $42.61. 3,214,883 shares of the company traded hands, compared to its average volume of 4,813,616. The company has a market cap of $24.95 billion, a PE ratio of 370.91, a P/E/G ratio of 10.02 and a beta of 1.35. The stock's 50-day simple moving average is $39.89 and its two-hundred day simple moving average is $35.14. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Markowski Investments acquired a new stake in shares of Samsara in the 2nd quarter worth $37,000. Parkside Financial Bank & Trust grew its stake in Samsara by 91.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company's stock worth $45,000 after buying an additional 656 shares during the last quarter. Anchor Investment Management LLC purchased a new position in Samsara during the 2nd quarter worth $46,000. CX Institutional acquired a new position in Samsara during the 2nd quarter valued at about $64,000. Finally, Westwind Capital acquired a new position in Samsara during the 3rd quarter valued at about $64,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on IOT. BMO Capital Markets lifted their price target on shares of Samsara from $44.00 to $54.00 and gave the stock an "outperform" rating in a research note on Friday, September 4th. Guggenheim upped their target price on Samsara from $45.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, September 4th. Bank of America increased their price target on Samsara from $47.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, September 4th. BTIG Research raised their price target on Samsara from $45.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, September 4th. Finally, KeyCorp boosted their price objective on Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Samsara currently 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 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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