Insider Selling: Samsara (NYSE:IOT) Director Sells 22,500 Shares of Stock

Key Points

• Jonathan Chadwick, Director of Samsara, sold 22,500 shares of the company's stock for a total of $884,025, a 33.90% decrease in his holdings, now valued at approximately $1.72 million.
• Samsara reported $0.12 EPS, exceeding analysts' expectations, with revenue growing 30.4% year-over-year to $391.48 million, and set FY 2026 guidance at 0.450-0.470 EPS.
• Analysts have mixed ratings for Samsara, with a consensus "Moderate Buy" rating and a price target average of $49.38, despite recent downgrades from some research firms.

Samsara Inc. (NYSE:IOT - Get Free Report) Director Jonathan Chadwick sold 22,500 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $39.29, for a total value of $884,025.00. Following the sale, the director owned 43,865 shares of the company's stock, valued at $1,723,455.85. This trade represents a 33.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Samsara Stock Up 0.6%

Shares of NYSE IOT traded up $0.24 during mid-day trading on Friday, reaching $40.21. 5,937,081 shares of the company were exchanged, compared to its average volume of 7,536,008. The stock has a market cap of $22.89 billion, a price-to-earnings ratio of -251.31 and a beta of 1.61. Samsara Inc. has a 1 year low of $31.40 and a 1 year high of $61.90. The firm has a 50-day moving average of $36.79 and a 200 day moving average of $39.24.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.12 EPS for the quarter, beating 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 company had revenue of $391.48 million during the quarter, compared to analysts' expectations of $372.22 million. During the same period last year, the business posted $0.05 earnings per share. The firm's revenue was up 30.4% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, equities analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On Samsara

A number of institutional investors have recently modified their holdings of IOT. Jennison Associates LLC grew its stake in Samsara by 1,881.8% during the 1st 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 in the last quarter. Vanguard Group Inc. lifted its holdings 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 buying an additional 4,307,755 shares during the last quarter. Norges Bank purchased a new stake in Samsara during the 2nd quarter worth about $134,950,000. State Street Corp lifted its holdings in Samsara by 107.8% during the 2nd quarter. State Street Corp now owns 5,611,956 shares of the company's stock worth $223,244,000 after buying an additional 2,910,916 shares during the last quarter. Finally, Sands Capital Management LLC lifted its holdings in shares of Samsara by 17.2% in the 2nd 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 last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IOT has been the topic of a number of research reports. Truist Financial increased their price objective on Samsara from $35.00 to $39.00 and gave the company a "hold" rating in a report on Friday, September 5th. Morgan Stanley raised their price objective on Samsara from $50.00 to $53.00 and gave the company an "equal weight" rating in a report on Monday, September 8th. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Wells Fargo & Company raised their price objective on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Finally, Piper Sandler raised their target price on Samsara from $47.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.38.

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.