Samsara (NYSE:IOT) Stock: Insider Sanjit Biswas Sells 103,110 Shares

Key Points

• CEO Sanjit Biswas sold 103,110 Samsara shares at an average price of $41.14, generating approximately $4.24 million. The transaction was made under a pre-arranged Rule 10b5-1 trading plan and reduced his direct ownership by 36.36% to 180,500 shares.
• Samsara shares rose 4.4% to $42.61, while the company reported quarterly revenue of $508.44 million and earnings of $0.20 per share, exceeding analyst expectations. Revenue increased 29.9% year over year.
• Analysts maintain a broadly positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $51.68; several firms recently raised their targets to between $53 and $55.

Samsara Inc. (NYSE:IOT - Get Free Report) CEO Sanjit Biswas sold 103,110 shares of Samsara stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $41.14, for a total transaction of $4,241,945.40. Following the sale, the chief executive officer directly owned 180,500 shares of the company's stock, valued at $7,425,770. This represents a 36.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanjit Biswas also recently made the following trade(s):

• On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The stock was sold at an average price of $42.27, for a total value of $2,764,542.54.
• On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total value of $3,993,895.56.
• On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The shares were sold at an average price of $38.81, for a total value of $820,016.49.
• On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total value of $3,239,769.60.
• On Tuesday, September 29th, Sanjit Biswas sold 158,402 shares of Samsara stock. The stock was sold at an average price of $37.74, for a total value of $5,978,091.48.
• On Thursday, August 20th, Sanjit Biswas sold 35,366 shares of Samsara stock. The shares were sold at an average price of $39.43, for a total transaction of $1,394,481.38.
• On Wednesday, August 19th, Sanjit Biswas sold 93,079 shares of Samsara stock. The stock was sold at an average price of $39.94, for a total transaction of $3,717,575.26.
• On Tuesday, August 18th, Sanjit Biswas sold 135,455 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total transaction of $5,416,845.45.
• On Thursday, August 6th, Sanjit Biswas sold 57,090 shares of Samsara stock. The stock was sold at an average price of $37.89, for a total transaction of $2,163,140.10.
• On Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The stock was sold at an average price of $38.64, for a total transaction of $3,374,547.12.

Samsara Stock Up 4.4%

Shares of Samsara stock traded up $1.81 during trading on Thursday, reaching $42.61. The company's stock had a trading volume of 3,214,883 shares, compared to its average volume of 4,813,616. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47. The company has a market cap of $24.95 billion, a price-to-earnings ratio of 266.32, a PEG ratio of 10.02 and a beta of 1.35. The firm's 50-day moving average is $39.89 and its two-hundred day moving average is $35.14.

Samsara (NYSE:IOT - Get Free Report) last issued its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $508.44 million for the quarter, compared to analysts' expectations of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The firm's revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, equities research analysts anticipate that Samsara Inc. will post 0.13 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IOT. Truist Financial raised their price objective on Samsara from $38.00 to $48.00 and gave the company a "hold" rating in a research note on Friday, September 4th. Piper Sandler reissued a "neutral" rating and issued a $46.00 target price (up from $40.00) on shares of Samsara in a research note on Friday, September 4th. Royal Bank Of Canada increased their target price on Samsara from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, September 4th. Craig Hallum restated a "buy" rating and set a $54.00 target price on shares of Samsara in a report on Friday, September 4th. Finally, TD Cowen raised 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. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $51.68.

Institutional Investors Weigh In On Samsara

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Seelaus Asset Management LLC boosted its position in Samsara by 15.3% during the 3rd quarter. Seelaus Asset Management LLC now owns 18,909 shares of the company's stock valued at $721,000 after buying an additional 2,514 shares during the period. Avior Wealth Management LLC grew its holdings in Samsara by 12.8% in the 3rd quarter. Avior Wealth Management LLC now owns 18,005 shares of the company's stock worth $687,000 after acquiring an additional 2,049 shares during the last quarter. GK Wealth Management LLC purchased a new position in shares of Samsara in the third quarter valued at about $104,000. Wedmont Private Capital purchased a new position in shares of Samsara in the third quarter valued at about $206,000. Finally, Post Resch Tallon Group Inc. purchased a new position in shares of Samsara in the third quarter valued at about $303,000. 96.02% of the stock is currently owned by institutional investors.

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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