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

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 company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $39.15, for a total value of $1,810,804.95. Following the completion of the sale, the insider directly owned 683,425 shares of the company's stock, valued at approximately $26,756,088.75. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 value of $740,010.87.

Samsara Price Performance

Shares of NYSE IOT traded up $0.24 during mid-day trading on Friday, hitting $40.21. The company had a trading volume of 5,937,081 shares, compared to its average volume of 7,533,881. Samsara Inc. has a one year low of $31.40 and a one year high of $61.90. The firm has a 50-day simple moving average of $36.79 and a two-hundred day simple moving average of $39.21.

Samsara (NYSE:IOT - Get Free Report) last issued its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. The business had revenue of $391.48 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. 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. As a group, sell-side analysts predict that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on IOT shares. Truist Financial lifted their price objective on shares of Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a research note on Friday, September 5th. Craig Hallum upgraded Samsara from a "hold" rating to a "buy" rating and raised their price target for the stock from $42.00 to $48.00 in a research report on Friday, September 5th. Wall Street Zen cut shares of Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. BMO Capital Markets reduced their price target on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research report on Friday, September 5th. Finally, Evercore ISI set a $45.00 target price on Samsara in a research note on Wednesday, June 25th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $49.38.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Keystone Financial Group Inc. grew its holdings in Samsara by 300.0% during the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after acquiring an additional 450 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Samsara during the second quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Samsara during the first quarter worth $31,000. Fourth Dimension Wealth LLC bought a new stake in shares of Samsara in the fourth quarter worth $38,000. Finally, Family Legacy Financial Solutions LLC acquired a new stake in Samsara in the second quarter valued at $40,000. Institutional investors own 96.02% of the company's stock.

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.