Insider Selling: Samsara (NYSE:IOT) Insider Sells 133,410 Shares of Stock

Key Points

• Sanjit Biswas, an insider at Samsara Inc. (NYSE:IOT), sold a total of 133,410 shares on September 23rd for approximately $5.2 million, significantly reducing his ownership by 76.06%.
• Samsara's stock price rose by 4.3%, reaching $38.52 after a trading volume of over 7 million shares, while the company retains a market capitalization of $22.10 billion.
• The stock has a consensus rating of "Moderate Buy" with analysts suggesting a price target averaging $49.38, indicating positive sentiment despite recent insider selling.

Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 133,410 shares of Samsara stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $38.97, for a total transaction of $5,198,987.70. Following the sale, the insider owned 42,000 shares of the company's stock, valued at approximately $1,636,740. The trade was a 76.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, September 24th, Sanjit Biswas sold 26,590 shares of Samsara stock. The stock was sold at an average price of $37.60, for a total value of $999,784.00.
• On Wednesday, September 3rd, Sanjit Biswas sold 30,145 shares of Samsara stock. The stock was sold at an average price of $35.57, for a total transaction of $1,072,257.65.
• On Tuesday, September 2nd, Sanjit Biswas sold 129,855 shares of Samsara stock. The shares were sold at an average price of $35.37, for a total value of $4,592,971.35.
• On Wednesday, August 20th, Sanjit Biswas sold 57,177 shares of Samsara stock. The shares were sold at an average price of $32.58, for a total value of $1,862,826.66.
• On Tuesday, August 19th, Sanjit Biswas sold 102,823 shares of Samsara stock. The shares were sold at an average price of $33.44, for a total transaction of $3,438,401.12.
• On Wednesday, August 6th, Sanjit Biswas sold 27,602 shares of Samsara stock. The stock was sold at an average price of $36.20, for a total transaction of $999,192.40.
• On Tuesday, August 5th, Sanjit Biswas sold 132,398 shares of Samsara stock. The stock was sold at an average price of $36.23, for a total transaction of $4,796,779.54.
• On Wednesday, July 23rd, Sanjit Biswas sold 35,842 shares of Samsara stock. The stock was sold at an average price of $38.63, for a total transaction of $1,384,576.46.
• On Tuesday, July 22nd, Sanjit Biswas sold 124,158 shares of Samsara stock. The shares were sold at an average price of $37.88, for a total value of $4,703,105.04.
• On Wednesday, July 9th, Sanjit Biswas sold 45,736 shares of Samsara stock. The shares were sold at an average price of $39.18, for a total transaction of $1,791,936.48.

Samsara Stock Up 4.3%

Shares of Samsara stock traded up $1.58 on Thursday, reaching $38.52. The company's stock had a trading volume of 7,163,409 shares, compared to its average volume of 7,230,092. The company has a market capitalization of $22.10 billion, a price-to-earnings ratio of -240.76 and a beta of 1.61. The firm's fifty day simple moving average is $36.83 and its two-hundred day simple moving average is $39.23. Samsara Inc. has a 52 week low of $31.40 and a 52 week high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The business had revenue of $391.48 million during the quarter, compared to the consensus estimate of $372.22 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The firm's revenue was up 30.4% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. As a group, research analysts predict that Samsara Inc. will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Samsara

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its position in shares of Samsara by 7.1% during the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock valued at $1,352,186,000 after acquiring an additional 2,348,101 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Samsara by 18.3% during the 2nd quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company's stock valued at $1,106,012,000 after acquiring an additional 4,307,755 shares during the last quarter. Sands Capital Management LLC lifted its position in Samsara by 17.2% during the second quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company's stock valued at $766,808,000 after purchasing an additional 2,833,049 shares during the last quarter. Jennison Associates LLC lifted its position in Samsara by 1,881.8% during the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock valued at $450,881,000 after purchasing an additional 11,169,571 shares during the last quarter. Finally, State Street Corp lifted its position in Samsara by 107.8% during the second quarter. State Street Corp now owns 5,611,956 shares of the company's stock valued at $223,244,000 after purchasing an additional 2,910,916 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

IOT has been the subject of a number of recent research reports. Truist Financial boosted their price target on Samsara from $35.00 to $39.00 and gave the company a "hold" rating in a report on Friday, September 5th. Craig Hallum upgraded Samsara from a "hold" rating to a "buy" rating and boosted their price objective for the company from $42.00 to $48.00 in a research note on Friday, September 5th. Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada upped their price target on shares of Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Finally, Evercore ISI set a $45.00 price target on shares of Samsara in a research report on Wednesday, June 25th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, Samsara has a consensus rating of "Moderate Buy" and an average target price of $49.38.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.

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