Sanjit Biswas Sells 160,000 Shares of Samsara (NYSE:IOT) Stock

Key Points

• Sanjit Biswas, an insider at Samsara Inc., sold 160,000 shares of the company on October 7th, totaling $6.14 million and resulting in an 81.63% decrease in his ownership.
• Samsara's stock was down 0.6% to $40.03, with recent trading volume at 4,073,429 shares and a market capitalization of $22.96 billion.
• The company reported a 30.4% revenue increase year-over-year during its last earnings report, with an EPS of $0.12, beating expectations.

Samsara Inc. (NYSE:IOT - Get Free Report) insider Sanjit Biswas sold 160,000 shares of Samsara stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $38.36, for a total value of $6,137,600.00. Following the sale, the insider owned 36,000 shares of the company's stock, valued at approximately $1,380,960. This trade represents a 81.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Sanjit Biswas also recently made the following trade(s):

• On Wednesday, September 24th, Sanjit Biswas sold 26,590 shares of Samsara stock. The shares were sold at an average price of $37.60, for a total value of $999,784.00.
• On Tuesday, September 23rd, Sanjit Biswas sold 133,410 shares of Samsara stock. The stock was sold at an average price of $38.97, for a total transaction of $5,198,987.70.
• On Wednesday, September 3rd, Sanjit Biswas sold 30,145 shares of Samsara stock. The shares were sold at an average price of $35.57, for a total transaction of $1,072,257.65.
• On Tuesday, September 2nd, Sanjit Biswas sold 129,855 shares of Samsara stock. The shares were sold at an average price of $35.37, for a total transaction of $4,592,971.35.
• On Wednesday, August 20th, Sanjit Biswas sold 57,177 shares of Samsara stock. The shares were sold at an average price of $32.58, for a total value of $1,862,826.66.
• On Tuesday, August 19th, Sanjit Biswas sold 102,823 shares of Samsara stock. The stock was sold at an average price of $33.44, for a total value of $3,438,401.12.
• On Wednesday, August 6th, Sanjit Biswas sold 27,602 shares of Samsara stock. The stock was sold at an average price of $36.20, for a total value of $999,192.40.
• On Tuesday, August 5th, Sanjit Biswas sold 132,398 shares of Samsara stock. The stock was sold at an average price of $36.23, for a total value of $4,796,779.54.
• On Wednesday, July 23rd, Sanjit Biswas sold 35,842 shares of Samsara stock. The stock was sold at an average price of $38.63, for a total value of $1,384,576.46.
• On Tuesday, July 22nd, Sanjit Biswas sold 124,158 shares of Samsara stock. The shares were sold at an average price of $37.88, for a total value of $4,703,105.04.

Samsara Stock Down 0.6%

Shares of IOT traded down $0.26 during midday trading on Thursday, reaching $40.03. The company had a trading volume of 4,073,429 shares, compared to its average volume of 5,081,463. The stock has a market cap of $22.96 billion, a PE ratio of -250.18 and a beta of 1.60. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90. The firm has a 50 day simple moving average of $36.82 and a 200-day simple moving average of $39.25.

Samsara (NYSE:IOT - Get Free Report) last announced its earnings results on Thursday, September 4th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The company 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%.Samsara's revenue for the quarter was up 30.4% on a year-over-year basis. During the same period last year, the business posted $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, sell-side analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Samsara

A number of large investors have recently bought and sold shares of the stock. Keystone Financial Group Inc. increased its position in Samsara by 300.0% in the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after buying an additional 450 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Samsara during the second quarter worth about $28,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Samsara in the second quarter valued at approximately $40,000. AlphaQuest LLC increased its stake in Samsara by 519.6% during the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company's stock worth $40,000 after acquiring an additional 873 shares during the period. Finally, CWM LLC lifted its holdings in Samsara by 385.3% during the 1st quarter. CWM LLC now owns 1,053 shares of the company's stock worth $40,000 after buying an additional 836 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on IOT. Weiss Ratings reiterated a "sell (d-)" rating on shares of Samsara in a research note on Wednesday. Truist Financial boosted their target price on Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a research report on Friday, September 5th. BMO Capital Markets cut their price target on Samsara from $54.00 to $47.00 and set an "outperform" rating for the company in a report on Friday, September 5th. Evercore ISI set a $50.00 price target on Samsara and gave the stock an "outperform" rating in a report on Wednesday, October 1st. Finally, Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.08.

Samsara Company Profile

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.

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