Samsara (NYSE:IOT) Insider Dominic Phillips Sells 18,904 Shares

Key Points

• Dominic Phillips, an insider at Samsara, sold 18,904 shares of the company's stock for a total of $715,138.32, which decreased his ownership by 2.69%.
• Samsara reported a 30.4% increase in revenue year-over-year with $391.48 million in revenue for the quarter, surpassing analyst expectations.
• The stock has been rated as a "Moderate Buy" by analysts, with an average price target of $49.77, reflecting positive market performance despite recent insider sales.

Samsara Inc. (NYSE:IOT - Get Free Report) insider Dominic Phillips sold 18,904 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $37.83, for a total transaction of $715,138.32. Following the sale, the insider owned 683,425 shares of the company's stock, valued at $25,853,967.75. This trade represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Dominic Phillips also recently made the following trade(s):

• On Monday, September 15th, Dominic Phillips sold 46,253 shares of Samsara stock. The stock was sold at an average price of $39.15, for a total transaction of $1,810,804.95.
• On Wednesday, September 10th, Dominic Phillips sold 8,457 shares of Samsara stock. The shares were sold at an average price of $38.14, for a total transaction of $322,549.98.
• On Friday, September 5th, Dominic Phillips sold 17,793 shares of Samsara stock. The stock was sold at an average price of $41.59, for a total transaction of $740,010.87.

Samsara Price Performance

NYSE IOT traded up $1.03 during trading on Thursday, reaching $39.16. 6,887,032 shares of the company's stock traded hands, compared to its average volume of 7,900,717. The firm has a market cap of $22.47 billion, a price-to-earnings ratio of -244.77 and a beta of 1.60. The company's 50 day simple moving average is $36.79 and its two-hundred day simple moving average is $39.25. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. The company had revenue of $391.48 million during the quarter, compared to analysts' expectations of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. Samsara's revenue for the quarter was up 30.4% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. Research analysts expect that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Samsara

Several hedge funds and other institutional investors have recently modified their holdings of IOT. Brighton Jones LLC bought a new position in shares of Samsara during the 4th quarter worth approximately $13,464,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Samsara in the 4th quarter valued at $1,100,000. Wealth Enhancement Advisory Services LLC raised its position in Samsara by 18.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,089 shares of the company's stock valued at $703,000 after purchasing an additional 2,539 shares during the last quarter. Wellington Management Group LLP raised its position in Samsara by 7.3% in the 4th quarter. Wellington Management Group LLP now owns 8,538 shares of the company's stock valued at $373,000 after purchasing an additional 579 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Samsara by 33,119.7% in the 1st quarter. GAMMA Investing LLC now owns 21,925 shares of the company's stock valued at $840,000 after purchasing an additional 21,859 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IOT. Piper Sandler upped their target price on shares of Samsara from $47.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Royal Bank Of Canada boosted their price target on Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Craig Hallum upgraded Samsara from a "hold" rating to a "buy" rating and boosted their price target for the company from $42.00 to $48.00 in a report on Friday, September 5th. Morgan Stanley upped their price objective on Samsara from $50.00 to $53.00 and gave the stock an "equal weight" rating in a research note on Monday, September 8th. Finally, Truist Financial raised their target price on Samsara from $35.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, September 5th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $49.77.

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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