Samsara (NYSE:IOT) CEO Sells $5,416,845.45 in Stock

Key Points

• CEO Sanjit Biswas sold 135,455 Samsara shares for approximately $5.42 million under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 68.53% to 62,200 shares. The sale was part of a broader series of insider sales.
• Samsara shares fell 0.7% to $38.93, giving the company a market capitalization of about $22.68 billion. The stock trades at a very high P/E ratio of 389.34 and remains below its 12-month high of $47.47.
• The company recently beat quarterly earnings and revenue expectations, reporting $0.17 EPS and $478.84 million in revenue, up 30.5% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $46.39.

Samsara Inc. (NYSE:IOT - Get Free Report) CEO Sanjit Biswas sold 135,455 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $39.99, for a total value of $5,416,845.45. Following the transaction, the chief executive officer directly owned 62,200 shares in the company, valued at $2,487,378. This trade represents a 68.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Sanjit Biswas sold 35,366 shares of Samsara stock. The shares were sold at an average price of $39.43, for a total value of $1,394,481.38.
• On Wednesday, August 19th, Sanjit Biswas sold 93,079 shares of Samsara stock. The stock was sold at an average price of $39.94, for a total transaction of $3,717,575.26.
• On Thursday, August 6th, Sanjit Biswas sold 57,090 shares of Samsara stock. The stock was sold at an average price of $37.89, for a total transaction of $2,163,140.10.
• On Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The shares were sold at an average price of $38.64, for a total value of $3,374,547.12.
• On Tuesday, August 4th, Sanjit Biswas sold 119,477 shares of Samsara stock. The shares were sold at an average price of $38.34, for a total transaction of $4,580,748.18.
• On Wednesday, July 22nd, Sanjit Biswas sold 61,283 shares of Samsara stock. The stock was sold at an average price of $33.87, for a total value of $2,075,655.21.
• On Tuesday, July 21st, Sanjit Biswas sold 202,617 shares of Samsara stock. The shares were sold at an average price of $36.81, for a total value of $7,458,331.77.
• On Wednesday, July 8th, Sanjit Biswas sold 19,095 shares of Samsara stock. The shares were sold at an average price of $35.09, for a total value of $670,043.55.
• On Tuesday, July 7th, Sanjit Biswas sold 244,805 shares of Samsara stock. The stock was sold at an average price of $36.77, for a total value of $9,001,479.85.
• On Thursday, May 28th, Sanjit Biswas sold 31,081 shares of Samsara stock. The shares were sold at an average price of $31.21, for a total value of $970,038.01.

Samsara Stock Down 0.7%

Shares of NYSE:IOT traded down $0.27 on Thursday, reaching $38.93. The company had a trading volume of 5,690,708 shares, compared to its average volume of 6,916,050. The stock has a market capitalization of $22.68 billion, a P/E ratio of 389.34, a P/E/G ratio of 8.89 and a beta of 1.34. The stock has a 50-day moving average price of $35.84 and a 200 day moving average price of $32.14. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. The business had revenue of $478.84 million for the quarter, compared to the consensus estimate of $455.21 million. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The firm's revenue was up 30.5% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, sell-side analysts predict that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Samsara

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC bought a new position in shares of Samsara during the 4th quarter worth approximately $13,464,000. Royal Bank of Canada raised its stake in Samsara by 100.3% in the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company's stock valued at $3,686,000 after acquiring an additional 48,135 shares during the period. Jones Financial Companies Lllp raised its stake in Samsara by 2,444.6% in the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company's stock valued at $682,000 after acquiring an additional 17,088 shares during the period. Empowered Funds LLC lifted its holdings in Samsara by 3.4% during the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company's stock valued at $390,000 after purchasing an additional 335 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Samsara by 142.4% during the 2nd quarter. Marshall Wace LLP now owns 68,860 shares of the company's stock valued at $2,739,000 after purchasing an additional 40,450 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Analysts Set New Price Targets

IOT has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Samsara from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Wells Fargo & Company boosted their target price on shares of Samsara from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, June 5th. KeyCorp reiterated an "overweight" rating on shares of Samsara in a research note on Friday, June 26th. Zacks Research downgraded shares of Samsara from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 5th. Finally, Piper Sandler lowered shares of Samsara from an "overweight" rating to a "neutral" rating and set a $40.00 price target on the stock. in a research report on Sunday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued 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 price target of $46.39.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source