Samsara (NYSE:IOT) Insider Sanjit Biswas Sells 31,081 Shares

Key Points

• Samsara insider Sanjit Biswas sold 31,081 shares on May 28 at an average price of $31.21, totaling about $970,038. The sale reduced his direct ownership by 9.19% and was executed under a pre-arranged Rule 10b5-1 plan.
• Biswas has also made several other recent sales, including large transactions on May 27 and May 26, indicating a broader pattern of insider selling over the past month.
• Samsara shares rose 7.3% to $31.62, while the company reported strong recent results with revenue up 28.3% year over year and earnings above analyst expectations. Analysts currently rate the stock Moderate Buy with an average price target of $46.18.

Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 31,081 shares of Samsara stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $31.21, for a total value of $970,038.01. Following the sale, the insider directly owned 307,056 shares in the company, valued at approximately $9,583,217.76. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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 Tuesday, May 26th, Sanjit Biswas sold 104,660 shares of Samsara stock. The stock was sold at an average price of $31.10, for a total transaction of $3,254,926.00.
• On Wednesday, May 13th, Sanjit Biswas sold 95,628 shares of Samsara stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 midday trading on Thursday, reaching $31.62. 5,038,315 shares of the company's stock were exchanged, 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 business has a 50-day simple moving average of $30.29 and a two-hundred day simple moving average of $32.58. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of -1,580.31, a price-to-earnings-growth ratio of 9.27 and a beta of 1.29.

Samsara (NYSE:IOT - Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $444.30 million during the quarter, compared to analysts' expectations of $422.29 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. Samsara's quarterly revenue was up 28.3% compared to the same quarter last year. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. As a group, research analysts anticipate that Samsara Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on IOT shares. Truist Financial cut their target price on shares of Samsara from $39.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, February 17th. BTIG Research cut their target price on shares of Samsara from $55.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Royal Bank Of Canada boosted their price objective on shares of Samsara from $35.00 to $41.00 and gave the stock an "outperform" rating 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. 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 assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Samsara currently has an average rating of "Moderate Buy" and an average target price of $46.18.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. raised its position in Samsara by 15.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company's stock worth $1,689,565,000 after purchasing an additional 6,208,553 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Samsara by 11.5% during the 4th quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company's stock valued at $1,174,620,000 after acquiring an additional 3,417,849 shares during the last quarter. Sands Capital Management LLC raised its position in shares of Samsara by 6.4% during the 3rd quarter. Sands Capital Management LLC now owns 20,518,332 shares of the company's stock valued at $764,308,000 after acquiring an additional 1,242,122 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Samsara by 58.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company's stock valued at $421,079,000 after acquiring an additional 4,401,082 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in shares of Samsara by 42.1% during the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company's stock valued at $397,536,000 after acquiring an additional 3,322,023 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

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.

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