Samsara (NYSE:IOT) Shares Gap Down on Insider Selling

Key Points

• Samsara Inc. shares gapped down from a previous close of $41.53 to open at $40.00, and last traded at $39.34 with a volume of over 2.5 million shares.
• Analysts have mixed ratings on Samsara, with a consensus target price of $49.38, as firms such as Morgan Stanley and Craig Hallum issued upgrades while BMO Capital Markets and Zacks Research lowered their price targets.
• The company reported a 30.4% increase in quarterly revenue year-over-year, reaching $391.48 million, and exceeded earnings per share estimates by $0.05 for the most recent quarter.

Shares of Samsara Inc. (NYSE:IOT - Get Free Report) gapped down before the market opened on Tuesday following insider selling activity. The stock had previously closed at $41.53, but opened at $40.00. Samsara shares last traded at $39.34, with a volume of 2,573,461 shares traded.

Specifically, insider Dominic Phillips sold 17,793 shares of the company's 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 transaction, the insider directly owned 793,735 shares of the company's stock, valued at approximately $33,011,438.65. The trade was a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Bicket sold 40,320 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $35.61, for a total value of $1,435,795.20. Following the sale, the insider owned 984,347 shares of the company's stock, valued at $35,052,596.67. The trade was a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In other Samsara news, insider John Bicket sold 129,680 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $35.37, for a total transaction of $4,586,781.60. Following the completion of the sale, the insider directly owned 48,000 shares in the company, valued at approximately $1,697,760. This trade represents a 72.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IOT. Zacks Research downgraded Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Wells Fargo & Company boosted their price target on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Evercore ISI set a $45.00 price target on Samsara in a research report on Wednesday, June 25th. Wall Street Zen cut Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Truist Financial boosted their price target on Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a research report on Friday, September 5th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.38.

Samsara Trading Down 1.0%

The firm has a market cap of $21.81 billion, a price-to-earnings ratio of -239.39 and a beta of 1.61. The firm has a 50-day moving average of $36.67 and a two-hundred day moving average of $39.43.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $372.22 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The firm's revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS. 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, equities analysts anticipate that Samsara Inc. will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Samsara

Several large investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its holdings in Samsara by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock valued at $1,352,186,000 after acquiring 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 grew its stake in shares of Samsara by 17.2% in the 2nd quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company's stock valued at $766,808,000 after purchasing an additional 2,833,049 shares during the period. Jennison Associates LLC grew its stake in shares of 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 purchasing an additional 11,169,571 shares during the period. Finally, State Street Corp grew its stake 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 valued at $223,244,000 after purchasing an additional 2,910,916 shares during the period. Institutional investors and hedge funds 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.