Insider Selling: Samsara (NYSE:IOT) Insider Sells 17,793 Shares of Stock

Key Points

• Insider Dominic Phillips sold 17,793 shares of Samsara stock on September 5 for approximately $740,010.87, decreasing his ownership by 2.19%, while retaining around 793,735 shares valued at approximately $33 million.
• Samsara's stock price recently fell by 6.9%, trading at $38.68, despite reporting a quarterly EPS of $0.12, beating analysts' expectations and showing a 30.4% year-over-year revenue increase.
• Analysts' price targets for Samsara vary, with estimates ranging from $46.00 to $53.00, reflecting a "Moderate Buy" consensus rating among analysts.

Samsara Inc. (NYSE:IOT - Get Free Report) insider Dominic Phillips sold 17,793 shares of Samsara stock in a transaction on Friday, September 5th. The stock was sold at an average price of $41.59, for a total transaction of $740,010.87. Following the completion of the sale, the insider owned 793,735 shares of the company's stock, valued at approximately $33,011,438.65. This trade represents a 2.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Monday, June 16th, Dominic Phillips sold 47,334 shares of Samsara stock. The shares were sold at an average price of $39.21, for a total value of $1,855,966.14.

Samsara Stock Down 1.0%

Shares of IOT stock traded down $0.39 during trading hours on Friday, reaching $38.30. 5,904,994 shares of the company's stock were exchanged, compared to its average volume of 6,752,099. The business has a fifty day moving average price of $36.67 and a 200-day moving average price of $39.50. The stock has a market capitalization of $21.81 billion, a P/E ratio of -239.39 and a beta of 1.61. Samsara Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The business had revenue of $391.48 million for the quarter, compared to analysts' expectations of $372.22 million. During the same period in the prior year, the firm earned $0.05 earnings per share. Samsara's revenue was up 30.4% compared to the same quarter last year. 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, research analysts expect that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Samsara

Several institutional investors and hedge funds have recently added to or reduced their stakes in IOT. Baillie Gifford & Co. lifted its position in Samsara by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock worth $1,352,186,000 after buying an additional 2,348,101 shares in the last quarter. Vanguard Group Inc. raised its holdings in Samsara by 18.3% in the 2nd quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company's stock valued at $1,106,012,000 after acquiring an additional 4,307,755 shares in the last quarter. Sands Capital Management LLC raised its position in Samsara by 17.2% in the second quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company's stock worth $766,808,000 after purchasing an additional 2,833,049 shares in the last quarter. Jennison Associates LLC boosted its stake in Samsara by 1,881.8% in the 1st quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock valued at $450,881,000 after buying an additional 11,169,571 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Samsara by 107.8% in the 2nd quarter. State Street Corp now owns 5,611,956 shares of the company's stock worth $223,244,000 after purchasing an additional 2,910,916 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IOT shares. Evercore ISI set a $45.00 price objective on shares of Samsara in a research note on Wednesday, June 25th. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Piper Sandler lifted their price target on Samsara from $47.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. BMO Capital Markets decreased their price target on Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. Finally, Truist Financial raised their target price on shares of Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a research report on Friday, September 5th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average 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.