John Bicket Sells 36,579 Shares of Samsara (NYSE:IOT) Stock

Key Points

• John Bicket, an insider at Samsara Inc. (NYSE:IOT), sold 36,579 shares for a total of $1,371,712.50, reducing his ownership by 3.89%.
• Samsara's stock has a market capitalization of $22.10 billion and recently traded up 4.3%, reaching $38.52 per share.
• Analysts have a consensus price target of $49.38 for Samsara stock, with several brokerages recently adjusting their ratings and price objectives.

Samsara Inc. (NYSE:IOT - Get Free Report) insider John Bicket sold 36,579 shares of the company's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $37.50, for a total value of $1,371,712.50. Following the completion of the transaction, the insider directly owned 903,173 shares in the company, valued at $33,868,987.50. This trade represents a 3.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction of $1,435,795.20.
• On Tuesday, September 2nd, John Bicket sold 129,680 shares of Samsara stock. The shares were sold at an average price of $35.37, for a total transaction of $4,586,781.60.
• On Wednesday, August 20th, John Bicket sold 67,349 shares of Samsara stock. The stock was sold at an average price of $32.64, for a total transaction 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 transaction 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 shares were sold at an average price of $38.67, for a total transaction of $1,776,963.84.
• On Tuesday, July 22nd, John Bicket sold 124,048 shares of Samsara stock. The stock was sold at an average price of $37.88, for a total transaction of $4,698,938.24.
• On Wednesday, July 9th, John Bicket sold 56,113 shares of Samsara stock. The stock was sold at an average price of $39.22, for a total value of $2,200,751.86.

Samsara Trading Up 4.3%

IOT stock traded up $1.58 during midday trading on Thursday, hitting $38.52. 7,163,409 shares of the company's stock were exchanged, compared to its average volume of 7,230,092. The business has a 50-day simple moving average of $36.83 and a two-hundred day simple moving average of $39.23. The stock has a market capitalization of $22.10 billion, a PE ratio of -240.76 and a beta of 1.61. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.12 earnings per share (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 firm had revenue of $391.48 million during the quarter, compared to the consensus estimate of $372.22 million. During the same period last year, the company earned $0.05 EPS. The company's quarterly revenue 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 expect that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Institutional Trading of Samsara

A number of hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its position in Samsara by 7.1% during the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock worth $1,352,186,000 after acquiring an additional 2,348,101 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Samsara by 18.3% during the second 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. Sands Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 2,833,049 shares during the period. Jennison Associates LLC lifted its holdings in shares of Samsara by 1,881.8% during the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock worth $450,881,000 after purchasing an additional 11,169,571 shares during the period. Finally, State Street Corp lifted its stake in shares of Samsara by 107.8% in the 2nd 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. 96.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IOT. 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 research note on Friday, September 5th. BMO Capital Markets dropped their target price on Samsara from $54.00 to $47.00 and set an "outperform" rating for the company in a research report on Friday, September 5th. Wells Fargo & Company lifted their price objective on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Evercore ISI set a $45.00 price objective on shares of Samsara in a report on Wednesday, June 25th. Finally, Craig Hallum upgraded shares of Samsara from a "hold" rating to a "buy" rating and lifted their price objective for the company from $42.00 to $48.00 in a report on Friday, September 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.38.

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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