John Bicket Sells 170,000 Shares of Samsara (NYSE:IOT) Stock

Key Points

• Insider John Bicket sold 170,000 shares of Samsara stock on October 7th for a total of $6.52 million, significantly reducing his ownership position by 82.52%.
• Samsara Inc. reported a quarterly revenue of $391.48 million, exceeding analysts' estimates and marking a 30.4% year-over-year increase, alongside an EPS of $0.12.
• Analyst sentiments towards Samsara have been mixed, with ratings ranging from buy to sell, while the stock currently holds an average rating of "Moderate Buy" with a price target of $50.08.

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 170,000 shares of Samsara stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $38.35, for a total value of $6,519,500.00. Following the completion of the transaction, the insider owned 36,000 shares in the company, valued at $1,380,600. This represents a 82.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, September 24th, John Bicket sold 36,579 shares of Samsara stock. The stock was sold at an average price of $37.50, for a total value of $1,371,712.50.
• On Tuesday, September 23rd, John Bicket sold 133,421 shares of Samsara stock. The shares were 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 stock was 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 shares were sold at an average price of $36.23, for a total value of $4,795,692.64.
• On Wednesday, July 23rd, John Bicket sold 45,952 shares of Samsara stock. The stock was sold at an average price of $38.67, for a total value of $1,776,963.84.
• On Tuesday, July 22nd, John Bicket sold 124,048 shares of Samsara stock. The shares were sold at an average price of $37.88, for a total transaction of $4,698,938.24.

Samsara Price Performance

Shares of IOT stock traded down $0.26 during midday trading on Thursday, reaching $40.03. 4,073,429 shares of the company traded hands, compared to its average volume of 5,081,463. The firm's 50 day simple moving average is $36.82 and its two-hundred day simple moving average is $39.25. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90. The firm has a market cap of $22.96 billion, a PE ratio of -250.18 and a beta of 1.60.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings data 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 return on equity of 7.53% and a negative net margin of 6.16%.The business had revenue of $391.48 million during the quarter, compared to the consensus estimate of $372.22 million. During the same period in the prior year, the firm posted $0.05 EPS. The business's revenue for the quarter 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 anticipate that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IOT has been the topic of several analyst reports. Craig Hallum upgraded shares of Samsara from a "hold" rating to a "buy" rating and raised their price target for the company from $42.00 to $48.00 in a research note on Friday, September 5th. BMO Capital Markets lowered their price objective on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. Evercore ISI set a $50.00 target price on shares of Samsara and gave the stock an "outperform" rating in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Samsara in a research note on Wednesday. Finally, Wall Street Zen lowered shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $50.08.

Hedge Funds Weigh In On Samsara

Several large investors have recently modified their holdings of IOT. Vident Advisory LLC boosted its position in Samsara by 66.2% during the 1st quarter. Vident Advisory LLC now owns 14,282 shares of the company's stock worth $547,000 after buying an additional 5,691 shares during the period. Teacher Retirement System of Texas bought a new stake in Samsara during the 1st quarter valued at $1,457,000. Ontario Teachers Pension Plan Board boosted its holdings in Samsara by 213.4% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,121 shares of the company's stock worth $733,000 after acquiring an additional 13,020 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in shares of Samsara in the 1st quarter worth about $357,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Samsara by 18.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,229,773 shares of the company's stock worth $85,467,000 after buying an additional 352,829 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

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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