Insider Selling: Samsara (NYSE:IOT) Insider Sells 26,590 Shares of Stock

Key Points

• Sanjit Biswas, an insider at Samsara Inc. (NYSE:IOT), sold 26,590 shares of stock on September 24th for a total value of approximately $999,784, reducing his holdings by 3.76% to 679,952 shares.
• Following the insider selling, Samsara's stock price increased by 4.3% to $38.52 during mid-day trading, with a market cap of $22.10 billion.
• Samsara reported $0.12 earnings per share for its recent quarter, surpassing analysts' expectations, with revenue growth of 30.4% year-over-year.

Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 26,590 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $37.60, for a total value of $999,784.00. Following the completion of the transaction, the insider owned 679,952 shares of the company's stock, valued at approximately $25,566,195.20. This trade represents a 3.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 transaction 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 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 transaction of $1,862,826.66.
• On Tuesday, August 19th, Sanjit Biswas sold 102,823 shares of Samsara stock. The stock was sold at an average price of $33.44, for a total value 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 value of $4,796,779.54.
• On Wednesday, July 23rd, Sanjit Biswas sold 35,842 shares of Samsara stock. The shares were sold at an average price of $38.63, for a total value 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 value of $1,791,936.48.

Samsara Stock Up 4.3%

NYSE:IOT traded up $1.58 during mid-day trading on Thursday, hitting $38.52. 7,163,409 shares of the company traded hands, compared to its average volume of 7,230,092. The stock's fifty day moving average price is $36.83 and its 200-day moving average price is $39.23. Samsara Inc. has a one year low of $31.40 and a one year high of $61.90. The firm has a market cap of $22.10 billion, a price-to-earnings ratio of -240.76 and a beta of 1.61.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Samsara from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Truist Financial raised their target price on shares of Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a report on Friday, September 5th. Evercore ISI set a $45.00 price objective on shares of Samsara in a report on Wednesday, June 25th. Royal Bank Of Canada lifted their price objective on Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, September 5th. Finally, Piper Sandler boosted their price target on Samsara from $47.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.38.

Hedge Funds Weigh In On Samsara

Several hedge funds have recently modified their holdings of the stock. Jennison Associates LLC increased its holdings in Samsara by 1,881.8% in the 1st quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock worth $450,881,000 after buying an additional 11,169,571 shares during the period. Vanguard Group Inc. grew its position in Samsara by 18.3% during the 2nd quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company's stock worth $1,106,012,000 after purchasing an additional 4,307,755 shares during the period. Norges Bank acquired a new stake in Samsara during the second quarter worth about $134,950,000. State Street Corp grew its holdings in Samsara by 107.8% during the second quarter. State Street Corp now owns 5,611,956 shares of the company's stock worth $223,244,000 after acquiring an additional 2,910,916 shares during the period. Finally, Sands Capital Management LLC grew its holdings in Samsara by 17.2% during the second quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company's stock worth $766,808,000 after acquiring an additional 2,833,049 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

Samsara Company Profile

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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