Samsara (NYSE:IOT) Stock: Insider Sanjit Biswas Sells 108,212 Shares

Key Points

• CEO Sanjit Biswas sold 108,212 Samsara shares at an average price of $42.97, generating approximately $4.65 million. The Rule 10b5-1 transaction reduced his direct ownership by 44.46% to 135,200 shares.
• Samsara shares fell 3.5% to $41.51, while the company traded at a market capitalization of approximately $24.31 billion and a very high P/E ratio of 259.41.
• The company recently exceeded quarterly earnings and revenue expectations, with revenue rising 29.9% year over year. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $51.68.

Samsara Inc. (NYSE:IOT - Get Free Report) CEO Sanjit Biswas sold 108,212 shares of the stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $42.97, for a total value of $4,649,869.64. Following the completion of the transaction, the chief executive officer directly owned 135,200 shares in the company, valued at $5,809,544. This represents a 44.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 Tuesday, October 27th, Sanjit Biswas sold 114,813 shares of Samsara stock. The shares were sold at an average price of $43.38, for a total transaction of $4,980,587.94.
• On Thursday, October 29th, Sanjit Biswas sold 40,875 shares of Samsara stock. The shares were sold at an average price of $41.57, for a total value of $1,699,173.75.
• 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 transaction of $2,764,542.54.
• On Wednesday, October 14th, Sanjit Biswas sold 103,110 shares of Samsara stock. The stock was sold at an average price of $41.14, for a total value of $4,241,945.40.
• 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 transaction 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 transaction 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 shares were 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 stock was sold at an average price of $39.43, for a total value 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 value of $3,717,575.26.

Samsara Stock Down 3.5%

IOT stock traded down $1.50 during mid-day trading on Thursday, hitting $41.51. 4,524,182 shares of the company were exchanged, compared to its average volume of 6,644,581. The firm has a market capitalization of $24.31 billion, a P/E ratio of 259.41, a PEG ratio of 11.03 and a beta of 1.35. The business has a fifty day simple moving average of $40.48 and a 200-day simple moving average of $34.22. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 EPS 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 firm had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. During the same period in the prior year, the business posted $0.12 EPS. The business's revenue for the quarter 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. Research analysts predict that Samsara Inc. will post 0.13 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IOT. Wall Street Zen raised Samsara from a "hold" rating to a "buy" rating in a research note on Saturday, September 12th. Craig Hallum reaffirmed a "buy" rating and issued a $54.00 target price on shares of Samsara in a research report on Friday, September 4th. Evercore reiterated an "outperform" rating and set a $55.00 price target on shares of Samsara in a research note on Friday, September 4th. Morgan Stanley increased their price target on shares of Samsara from $43.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, September 4th. Finally, Truist Financial lifted their price objective on shares of Samsara from $38.00 to $48.00 and gave the company a "hold" rating in a report on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $51.68.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Markowski Investments purchased a new stake in Samsara during the second quarter worth approximately $37,000. Parkside Financial Bank & Trust raised its holdings in Samsara by 91.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company's stock worth $45,000 after purchasing an additional 656 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Samsara during the 2nd quarter worth approximately $46,000. Westwind Capital acquired a new position in shares of Samsara in the 3rd quarter valued at $64,000. Finally, CX Institutional acquired a new position in shares of Samsara in the 2nd quarter valued at $64,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

About Samsara

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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