Insider Selling: Samsara (NYSE:IOT) CAO Sells $30,638.30 in Stock

Samsara Inc. (NYSE:IOT) CAO Benjamin Kirchhoff sold 770 shares of the company’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of $39.79, for a total value of $30,638.30. Following the sale, the chief accounting officer owned 148,151 shares of the company’s stock, valued at $5,894,928.29. This trade represents a 0.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Benjamin Louis Kirchhoff also recently made the following trade(s):

• On Thursday, October 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The shares were sold at an average price of $40.40, for a total value of $87,466.00.
• On Friday, September 18th, Benjamin Kirchhoff sold 770 shares of Samsara stock. The shares were sold at an average price of $40.42, for a total value of $31,123.40.
• On Tuesday, September 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The shares were sold at an average price of $42.55, for a total value of $92,120.75.

Samsara Price Performance

IOT opened at $44.94 on Friday. The company has a market capitalization of $26.32 billion, a price-to-earnings ratio of 280.86, a P/E/G ratio of 10.75 and a beta of 1.35. The firm’s fifty day moving average price is $40.23 and its two-hundred day moving average price is $35.65. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. The firm had revenue of $508.44 million during the quarter, compared to analyst estimates of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 EPS. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. As a group, equities analysts anticipate that Samsara Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. TD Cowen boosted their target price on Samsara from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. BNP Paribas Exane upped their target price on Samsara from $40.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, September 4th. Weiss Ratings raised Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Finally, Jefferies Financial Group initiated coverage on Samsara in a research report on Sunday, October 4th. They set a “buy” rating and a $50.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Markowski Investments purchased a new stake in Samsara during the second quarter valued at about $37,000. Parkside Financial Bank & Trust boosted its position in Samsara by 91.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after purchasing an additional 656 shares during the period. Anchor Investment Management LLC bought a new position in Samsara during the second quarter worth about $46,000. Westwind Capital purchased a new position in shares of Samsara in the third quarter worth about $64,000. Finally, CX Institutional purchased a new position in shares of Samsara in the second quarter worth about $64,000. 96.02% of the stock is owned by institutional investors.

About Samsara

Samsara, Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its Samsara Connected Operations Cloud combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, facilities and frontline operations.

The company’s products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.