Samsara (NYSE:IOT) Insider Dominic Phillips Sells 46,253 Shares

Key Points

• Dominic Phillips, an insider at Samsara, sold $1,810,804.95 worth of stock, reducing his holdings by 6.34% to 683,425 shares.
• Samsara reported $0.12 earnings per share for the last quarter, exceeding expectations, with revenue of $391.48 million, up 30.4% year-over-year.
• Recent analyst ratings have seen BMO Capital Markets reducing its price target to $47.00 while Morgan Stanley raised it to $53.00, indicating a mixed outlook for the stock.

Samsara Inc. (NYSE:IOT - Get Free Report) insider Dominic Phillips sold 46,253 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $39.15, for a total transaction of $1,810,804.95. Following the transaction, the insider owned 683,425 shares of the company's stock, valued at approximately $26,756,088.75. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 shares were sold at an average price of $41.59, for a total transaction of $740,010.87.

Samsara Price Performance

NYSE IOT traded up $0.24 during mid-day trading on Friday, reaching $40.21. 5,937,081 shares of the stock were exchanged, compared to its average volume of 7,536,008. Samsara Inc. has a one year low of $31.40 and a one year high of $61.90. The stock has a market cap of $22.89 billion, a P/E ratio of -251.31 and a beta of 1.61. The stock has a 50 day simple moving average of $36.79 and a 200-day simple moving average of $39.21.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. The business had revenue of $391.48 million for 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%. The firm's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. Sell-side analysts anticipate that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IOT. Keystone Financial Group Inc. lifted its stake in Samsara by 300.0% in the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock valued at $25,000 after purchasing an additional 450 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Samsara during the second quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Samsara during the first quarter valued at about $31,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Samsara during the fourth quarter worth about $38,000. Finally, CWM LLC boosted its holdings in shares of Samsara by 385.3% during the first quarter. CWM LLC now owns 1,053 shares of the company's stock worth $40,000 after purchasing an additional 836 shares during the period. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IOT. Evercore ISI set a $45.00 price target on shares of Samsara in a research report on Wednesday, June 25th. Royal Bank Of Canada lifted their target price on shares of Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Wells Fargo & Company lifted their price objective on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. BMO Capital Markets cut their target price on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating for the company in a research note on Friday, September 5th. Finally, Zacks Research lowered shares of Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Samsara currently has a consensus 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.