Insider Selling: Samsara (NYSE:IOT) Insider Sells 160,000 Shares of Stock

Key Points

• Sanjit Biswas, an insider at Samsara, sold 160,000 shares of the company's stock on October 21, resulting in an 84.21% decrease in his ownership of the stock.
• Samsara's stock price increased by 1.4% on the trading day following the insider sale, reaching $38.68.
• Recent analysts' reports led to increased target prices for Samsara, with Royal Bank of Canada raising their target from $44 to $46 and Evercore ISI setting a target price of $50.

Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 160,000 shares of Samsara stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $38.63, for a total transaction of $6,180,800.00. Following the sale, the insider owned 30,000 shares of the company's stock, valued at approximately $1,158,900. This trade represents a 84.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, October 7th, Sanjit Biswas sold 160,000 shares of Samsara stock. The shares were sold at an average price of $38.36, for a total transaction of $6,137,600.00.
• 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 transaction of $999,784.00.
• On Tuesday, September 23rd, Sanjit Biswas sold 133,410 shares of Samsara stock. The stock was sold at an average price of $38.97, for a total value of $5,198,987.70.
• On Wednesday, September 3rd, Sanjit Biswas sold 30,145 shares of Samsara stock. The shares were sold at an average price of $35.57, for a total value of $1,072,257.65.
• On Tuesday, September 2nd, Sanjit Biswas sold 129,855 shares of Samsara stock. The stock was 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 transaction 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 shares were 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 shares were sold at an average price of $36.23, for a total transaction of $4,796,779.54.

Samsara Trading Up 1.4%

Shares of NYSE IOT traded up $0.54 on Thursday, reaching $38.68. 1,685,020 shares of the company traded hands, compared to its average volume of 4,986,416. Samsara Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $61.90. The stock has a market capitalization of $22.19 billion, a PE ratio of -241.73 and a beta of 1.60. The company has a 50 day moving average of $37.37 and a 200 day moving average of $39.17.

Samsara (NYSE:IOT - Get Free Report) last issued its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The firm had revenue of $391.48 million for the quarter, compared to analysts' expectations of $372.22 million. During the same quarter last year, the firm earned $0.05 earnings per share. The firm's revenue for the quarter was up 30.4% compared to the same quarter last year. 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 expect that Samsara Inc. will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank Of Canada lifted their target price on Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, September 5th. Evercore ISI set a $50.00 target price on Samsara and gave the stock an "outperform" rating in a research report on Wednesday, October 1st. Truist Financial lifted their target price on Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a research report on Friday, September 5th. Piper Sandler lifted their target price on Samsara from $47.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Finally, BMO Capital Markets dropped their target price on Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research report on Friday, September 5th. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Samsara currently has an average rating of "Hold" and an average target price of $49.55.

Hedge Funds Weigh In On Samsara

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its stake in Samsara by 12.0% in the third quarter. SG Americas Securities LLC now owns 16,903 shares of the company's stock valued at $630,000 after acquiring an additional 1,808 shares during the period. Moran Wealth Management LLC acquired a new position in Samsara in the third quarter valued at approximately $348,000. Park Avenue Securities LLC boosted its stake in Samsara by 127.1% in the third quarter. Park Avenue Securities LLC now owns 17,817 shares of the company's stock valued at $664,000 after acquiring an additional 9,972 shares during the period. KLP Kapitalforvaltning AS boosted its stake in Samsara by 0.3% in the third quarter. KLP Kapitalforvaltning AS now owns 113,900 shares of the company's stock valued at $4,243,000 after acquiring an additional 300 shares during the period. Finally, Vishria Bird Financial Group LLC boosted its position in shares of Samsara by 61.5% during the third quarter. Vishria Bird Financial Group LLC now owns 25,122 shares of the company's stock worth $936,000 after buying an additional 9,570 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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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