Samsara (NYSE:IOT) Insider Sanjit Biswas Sells 104,660 Shares

Key Points

• Samsara insider Sanjit Biswas sold 104,660 shares on May 26 at an average price of $31.10, totaling about $3.25 million. After the sale, he retained 4,600 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
• The article notes a series of additional recent insider sales by Biswas, with multiple large transactions in late April and May, signaling a substantial reduction in his position over a short period.
• Samsara shares rose 7.3% to $31.62, while the company reported better-than-expected quarterly results earlier this year and continues to receive mostly positive analyst coverage, with a consensus rating of Moderate Buy.

Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 104,660 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $31.10, for a total transaction of $3,254,926.00. Following the completion of the sale, the insider owned 4,600 shares in the company, valued at approximately $143,060. This trade represents a 95.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 28th, Sanjit Biswas sold 31,081 shares of Samsara stock. The stock was sold at an average price of $31.21, for a total transaction of $970,038.01.
• On Wednesday, May 27th, Sanjit Biswas sold 128,159 shares of Samsara stock. The stock was sold at an average price of $30.03, for a total transaction of $3,848,614.77.
• On Wednesday, May 13th, Sanjit Biswas sold 95,628 shares of Samsara stock. The shares were sold at an average price of $27.47, for a total transaction of $2,626,901.16.
• On Tuesday, May 12th, Sanjit Biswas sold 168,272 shares of Samsara stock. The shares were sold at an average price of $28.58, for a total transaction of $4,809,213.76.
• On Thursday, April 30th, Sanjit Biswas sold 72,958 shares of Samsara stock. The shares were sold at an average price of $28.49, for a total transaction of $2,078,573.42.
• On Wednesday, April 29th, Sanjit Biswas sold 87,067 shares of Samsara stock. The shares were sold at an average price of $29.05, for a total transaction of $2,529,296.35.
• On Tuesday, April 28th, Sanjit Biswas sold 103,875 shares of Samsara stock. The shares were sold at an average price of $29.50, for a total transaction of $3,064,312.50.
• On Wednesday, April 15th, Sanjit Biswas sold 96,562 shares of Samsara stock. The shares were sold at an average price of $27.98, for a total transaction of $2,701,804.76.
• On Tuesday, April 14th, Sanjit Biswas sold 167,338 shares of Samsara stock. The shares were sold at an average price of $26.60, for a total transaction of $4,451,190.80.
• On Thursday, April 2nd, Sanjit Biswas sold 10,381 shares of Samsara stock. The shares were sold at an average price of $30.97, for a total transaction of $321,499.57.

Samsara Stock Up 7.3%

IOT traded up $2.15 during trading on Thursday, hitting $31.62. The company's stock had a trading volume of 5,038,315 shares, compared to its average volume of 7,313,529. Samsara Inc. has a one year low of $23.38 and a one year high of $48.40. The firm has a market cap of $18.36 billion, a PE ratio of -1,580.31, a P/E/G ratio of 9.27 and a beta of 1.29. The business's 50 day simple moving average is $30.29 and its 200-day simple moving average is $32.58.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.72%. The business had revenue of $444.30 million for the quarter, compared to the consensus estimate of $422.29 million. During the same period last year, the firm earned $0.11 earnings per share. The company's quarterly revenue was up 28.3% on a year-over-year basis. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. Equities research analysts expect that Samsara Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on IOT. UBS Group reiterated a "buy" rating and issued a $48.00 price target on shares of Samsara in a research report on Friday, March 6th. Evercore restated an "outperform" rating on shares of Samsara in a research report on Friday, March 6th. KeyCorp raised their price objective on shares of Samsara from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, March 6th. Truist Financial decreased their price objective on shares of Samsara from $39.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, February 17th. Finally, TD Cowen restated a "buy" rating on shares of Samsara in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Samsara currently has an average rating of "Moderate Buy" and an average price target of $46.18.

Institutional Trading of Samsara

Several institutional investors and hedge funds have recently modified their holdings of IOT. Brighton Jones LLC bought a new stake in shares of Samsara during the 4th quarter valued at $13,464,000. Royal Bank of Canada raised its position in shares of Samsara by 100.3% during the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company's stock valued at $3,686,000 after purchasing an additional 48,135 shares during the period. Jones Financial Companies Lllp grew its stake in Samsara by 2,444.6% during the first 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 in the last quarter. Empowered Funds LLC increased its holdings in Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company's stock valued at $390,000 after acquiring an additional 335 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Samsara by 142.4% in the 2nd quarter. Marshall Wace LLP now owns 68,860 shares of the company's stock valued at $2,739,000 after acquiring an additional 40,450 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

About Samsara

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.

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