Insider Selling: Samsara (NYSE:IOT) Insider Sells 170,000 Shares of Stock

Key Points

• John Bicket, an insider at Samsara, sold 170,000 shares of stock on October 21st at an average price of $38.66, significantly reducing his ownership by 85%.
• Samsara's recent quarterly earnings report showed earnings per share of $0.12, exceeding estimates, with a 30.4% increase in revenue year-over-year.
• Approximately 96.02% of Samsara's stock is owned by institutional investors, highlighting strong market confidence in the company.

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 170,000 shares of Samsara stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $38.66, for a total value of $6,572,200.00. Following the sale, the insider owned 30,000 shares in the company, valued at $1,159,800. This represents a 85.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Bicket also recently made the following trade(s):

• On Tuesday, October 7th, John Bicket sold 170,000 shares of Samsara stock. The stock was sold at an average price of $38.35, for a total value of $6,519,500.00.
• On Wednesday, September 24th, John Bicket sold 36,579 shares of Samsara stock. The shares were sold at an average price of $37.50, for a total transaction of $1,371,712.50.
• On Tuesday, September 23rd, John Bicket sold 133,421 shares of Samsara stock. The stock was sold at an average price of $38.97, for a total value of $5,199,416.37.
• On Wednesday, September 3rd, John Bicket sold 40,320 shares of Samsara stock. The stock was sold at an average price of $35.61, for a total value of $1,435,795.20.
• On Tuesday, September 2nd, John Bicket sold 129,680 shares of Samsara stock. The stock was sold at an average price of $35.37, for a total value of $4,586,781.60.
• On Wednesday, August 20th, John Bicket sold 67,349 shares of Samsara stock. The shares were sold at an average price of $32.64, for a total value of $2,198,271.36.
• On Tuesday, August 19th, John Bicket sold 102,651 shares of Samsara stock. The shares were sold at an average price of $33.44, for a total value of $3,432,649.44.
• On Wednesday, August 6th, John Bicket sold 37,632 shares of Samsara stock. The stock was sold at an average price of $36.15, for a total value of $1,360,396.80.
• On Tuesday, August 5th, John Bicket sold 132,368 shares of Samsara stock. The stock was sold at an average price of $36.23, for a total value of $4,795,692.64.

Samsara Stock Performance

IOT stock traded up $0.54 on Thursday, hitting $38.68. 1,685,020 shares of the company's stock were exchanged, compared to its average volume of 4,986,416. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90. The stock has a market cap of $22.19 billion, a P/E ratio of -241.73 and a beta of 1.60. The firm has a 50 day moving average price of $37.37 and a two-hundred day moving average price of $39.17.

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

Institutional Investors Weigh In On Samsara

Institutional investors and hedge funds have recently bought and sold shares of the business. Jennison Associates LLC increased its stake in shares of Samsara by 1,881.8% in 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 period. Vanguard Group Inc. increased its stake in shares of Samsara by 18.3% in the second quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company's stock valued at $1,106,012,000 after purchasing an additional 4,307,755 shares during the period. Norges Bank acquired a new stake in shares of Samsara in the second quarter valued at approximately $134,950,000. State Street Corp increased its stake in shares of Samsara by 107.8% in 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 period. Finally, Sands Capital Management LLC increased its stake in shares of Samsara by 17.2% in 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 period. Institutional investors and hedge funds own 96.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on IOT shares. Zacks Research lowered Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Craig Hallum upgraded Samsara from a "hold" rating to a "buy" rating and boosted their price target for the company from $42.00 to $48.00 in a report on Friday, September 5th. Evercore ISI set a $50.00 price target on shares of Samsara and gave the stock an "outperform" rating in a research report on Wednesday, October 1st. Truist Financial boosted their price objective on shares of Samsara from $35.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, September 5th. Finally, BMO Capital Markets decreased their price target on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating for the company in a research report on Friday, September 5th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $49.55.

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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