John Bicket Sells 129,021 Shares of Samsara (NYSE:IOT) Stock

Key Points

• Insider sale: Samsara insider John Bicket sold 129,021 shares on May 27 at an average price of $30.02, totaling about $3.87 million. The sale cut his direct ownership by 85.26% and was made under a pre-arranged Rule 10b5-1 plan.
• Recent selling trend: Bicket has been actively selling Samsara shares over the past month, with multiple transactions totaling hundreds of thousands of shares. His recent trades suggest a sustained reduction in his stake rather than a one-off sale.
• Company/stock context: Samsara shares rose to $31.62 on Thursday, and the company recently beat quarterly EPS and revenue estimates with 28.3% year-over-year revenue growth. Analysts remain generally positive, with a consensus rating of Moderate Buy and an average target price of $46.18.

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 129,021 shares of Samsara stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $30.02, for a total value of $3,873,210.42. Following the completion of the transaction, the insider directly owned 22,300 shares in the company, valued at approximately $669,446. This represents a 85.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 value of $946,764.00.
• On Tuesday, May 26th, John Bicket sold 104,534 shares of Samsara stock. The shares were sold at an average price of $31.10, for a total value of $3,251,007.40.
• 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 value 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 value 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 value 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 value 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 value 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 value of $2,705,386.20.
• On Tuesday, April 14th, John Bicket sold 167,210 shares of Samsara stock. The shares were sold at an average price of $26.60, for a total value of $4,447,786.00.
• On Thursday, April 2nd, John Bicket sold 10,009 shares of Samsara stock. The shares were sold at an average price of $30.96, for a total value of $309,878.64.

Samsara Stock Performance

Shares of NYSE IOT traded up $2.15 during midday trading on Thursday, hitting $31.62. 5,038,315 shares of the stock traded hands, compared to its average volume of 7,313,529. The company has a market cap of $18.36 billion, a PE ratio of -1,580.31, a P/E/G ratio of 9.27 and a beta of 1.29. Samsara Inc. has a one year low of $23.38 and a one year high of $48.40. The business has a 50 day moving average price of $30.29 and a two-hundred day moving average price of $32.58.

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

Hedge Funds Weigh In On Samsara

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. grew its holdings in Samsara by 19.8% during the 3rd quarter. Bessemer Group Inc. now owns 1,728,322 shares of the company's stock worth $64,379,000 after acquiring an additional 286,193 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Samsara by 227.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,122 shares of the company's stock valued at $2,426,000 after purchasing an additional 45,204 shares during the period. Westfield Capital Management Co. LP lifted its stake in shares of Samsara by 7.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,801,787 shares of the company's stock worth $141,617,000 after acquiring an additional 252,681 shares during the period. American Century Companies Inc. raised its stake in shares of Samsara by 13.7% in the 3rd quarter. American Century Companies Inc. now owns 1,786,790 shares of the company's stock worth $66,558,000 after buying an additional 214,793 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in Samsara by 184.2% during the third quarter. OneDigital Investment Advisors LLC now owns 180,153 shares of the company's stock valued at $6,711,000 after buying an additional 116,767 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IOT has been the topic of a number of recent research reports. Piper Sandler reissued an "overweight" rating and set a $39.00 price objective (up from $37.00) on shares of Samsara in a report on Friday, March 6th. BTIG Research decreased their target price on Samsara from $55.00 to $45.00 and set a "buy" rating on the stock in a research note on Friday, March 6th. KeyCorp upped their target price on Samsara from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, March 6th. TD Cowen restated a "buy" rating on shares of Samsara in a research note on Friday, May 22nd. Finally, UBS Group restated a "buy" rating and issued a $48.00 target price on shares of Samsara in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.