Insider Selling: Samsara (NYSE:IOT) Insider Sells 104,534 Shares of Stock

Key Points

• Samsara insider John Bicket sold 104,534 shares on May 26 at an average price of $31.10, totaling about $3.25 million. The transaction was made under a pre-arranged Rule 10b5-1 plan.
• Bicket has made several other recent sales of Samsara stock, sharply reducing his holdings. After the latest sale, he owned just 4,600 shares, a 95.78% decrease in ownership.
• Samsara’s shares were trading around $31.62, while the company recently beat quarterly earnings and revenue estimates. Analysts remain generally positive, with a consensus Moderate Buy rating and an average price target of $46.18.

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 104,534 shares of Samsara stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $31.10, for a total transaction of $3,251,007.40. Following the completion of the transaction, the insider directly owned 4,600 shares in the company, valued at $143,060. The trade was a 95.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, May 28th, John Bicket sold 30,345 shares of Samsara stock. The shares were sold at an average price of $31.20, for a total transaction of $946,764.00.
• On Wednesday, May 27th, John Bicket sold 129,021 shares of Samsara stock. The shares were sold at an average price of $30.02, for a total transaction of $3,873,210.42.
• On Wednesday, May 13th, John Bicket sold 95,673 shares of Samsara stock. The shares were sold at an average price of $27.47, for a total transaction of $2,628,137.31.
• On Tuesday, May 12th, John Bicket sold 168,227 shares of Samsara stock. The shares were sold at an average price of $28.58, for a total transaction of $4,807,927.66.
• On Thursday, April 30th, John Bicket sold 72,816 shares of Samsara stock. The shares were sold at an average price of $28.49, for a total transaction of $2,074,527.84.
• On Wednesday, April 29th, John Bicket sold 87,227 shares of Samsara stock. The shares were sold at an average price of $29.05, for a total transaction of $2,533,944.35.
• On Tuesday, April 28th, John Bicket sold 103,857 shares of Samsara stock. The shares were sold at an average price of $29.50, for a total transaction of $3,063,781.50.
• On Wednesday, April 15th, John Bicket sold 96,690 shares of Samsara stock. The shares were sold at an average price of $27.98, for a total transaction of $2,705,386.20.
• On Tuesday, April 14th, John Bicket sold 167,210 shares of Samsara stock. The stock was sold at an average price of $26.60, for a total transaction of $4,447,786.00.
• On Thursday, April 2nd, John Bicket sold 10,009 shares of Samsara stock. The stock was sold at an average price of $30.96, for a total transaction of $309,878.64.

Samsara Price Performance

Shares of NYSE IOT traded up $2.15 during trading on Thursday, hitting $31.62. 5,038,315 shares of the company were exchanged, compared to its average volume of 7,313,529. The company has a market cap of $18.36 billion, a price-to-earnings ratio of -1,580.31, a PEG ratio of 9.27 and a beta of 1.29. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $48.40. The firm's fifty day moving average price is $30.29 and its 200 day moving average price is $32.58.

Samsara (NYSE:IOT - Get Free Report) last issued its earnings results on Thursday, March 5th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. The company had revenue of $444.30 million for the quarter, compared to analyst estimates of $422.29 million. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.72%. The business's revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. On average, research analysts forecast that Samsara Inc. will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Evolutionary Tree Capital Management LLC acquired a new position in Samsara in the 1st quarter valued at about $1,340,000. Bank of America Corp DE raised its stake in Samsara by 41.5% in the 1st quarter. Bank of America Corp DE now owns 2,710,202 shares of the company's stock valued at $85,886,000 after purchasing an additional 794,255 shares during the last quarter. Cim LLC raised its stake in Samsara by 1.3% in the 1st quarter. Cim LLC now owns 34,505 shares of the company's stock valued at $1,093,000 after purchasing an additional 455 shares during the last quarter. Spyglass Capital Management LLC raised its stake in Samsara by 25.5% in the 1st quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company's stock valued at $93,379,000 after purchasing an additional 599,651 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Samsara by 36.5% in the 1st quarter. Sunbelt Securities Inc. now owns 11,400 shares of the company's stock valued at $361,000 after purchasing an additional 3,050 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 recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, March 6th. Royal Bank Of Canada boosted their price objective on shares of Samsara from $35.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, March 6th. Piper Sandler reiterated an "overweight" rating and issued a $39.00 price objective (up from $37.00) on shares of Samsara in a research report on Friday, March 6th. The Goldman Sachs Group set a $45.00 price objective on shares of Samsara in a research report on Monday, March 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Samsara from $43.00 to $46.00 and gave the stock an "overweight" rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $46.18.

Samsara Company Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.

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