Samsara (NYSE:IOT) CEO Sanjit Biswas Sells 108,212 Shares of Company Stock

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 108,212 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $42.97, for a total transaction of $4,649,869.64. Following the completion of the sale, the chief executive officer directly owned 135,200 shares in the company, valued at approximately $5,809,544. This trade represents a 44.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, October 27th, Sanjit Biswas sold 114,813 shares of Samsara stock. The stock was sold at an average price of $43.38, for a total transaction of $4,980,587.94.
• On Thursday, October 29th, Sanjit Biswas sold 40,875 shares of Samsara stock. The stock was sold at an average price of $41.57, for a total transaction of $1,699,173.75.
• On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The shares were sold at an average price of $42.27, for a total transaction of $2,764,542.54.
• On Wednesday, October 14th, Sanjit Biswas sold 103,110 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total transaction of $4,241,945.40.
• On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total transaction of $3,993,895.56.
• On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The shares were sold at an average price of $38.81, for a total transaction of $820,016.49.
• On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total value of $3,239,769.60.
• On Tuesday, September 29th, Sanjit Biswas sold 158,402 shares of Samsara stock. The stock was sold at an average price of $37.74, for a total value of $5,978,091.48.
• On Thursday, August 20th, Sanjit Biswas sold 35,366 shares of Samsara stock. The shares were sold at an average price of $39.43, for a total value of $1,394,481.38.
• On Wednesday, August 19th, Sanjit Biswas sold 93,079 shares of Samsara stock. The shares were sold at an average price of $39.94, for a total value of $3,717,575.26.

Samsara Stock Performance

NYSE:IOT opened at $41.51 on Friday. The business’s fifty day moving average is $40.53 and its 200 day moving average is $34.26. The firm has a market cap of $24.31 billion, a price-to-earnings ratio of 259.41, a PEG ratio of 10.56 and a beta of 1.35. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. The business had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The firm’s revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the company earned $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. Equities analysts predict that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Analyst Ratings Changes

IOT has been the subject of several recent analyst reports. TD Cowen boosted their price objective on shares of Samsara from $48.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Wall Street Zen upgraded shares of Samsara from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. Wells Fargo & Company increased their target price on shares of Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Bank of America raised their price target on shares of Samsara from $47.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 4th. Finally, Craig Hallum restated a “buy” rating and set a $54.00 price target on shares of Samsara in a research report on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $51.68.

Trending Headlines about Samsara

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Analysts remain broadly constructive following Samsara’s latest earnings beat, with several firms raising price targets to between $48 and $55. The average price target is $51.68, compared with the stock’s recent trading range. Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
• Positive Sentiment: Institutional investors have been adding to positions, including Wellington Management, Bank of America, First Trust Advisors and others. Institutions and hedge funds own approximately 96% of the shares, providing an indication of strong professional-investor interest. Samsara Shows What Happens When Fundamentals Beat Fear
• Neutral Sentiment: Samsara and Together for Safer Roads launched a fleet-safety program for community food banks. The initiative supports the company’s brand and social-impact profile but is unlikely to materially affect near-term financial results. Together for Safer Roads and Samsara launch US fleet safety program for community food banks
• Negative Sentiment: CEO Sanjit Biswas sold roughly 264,000 shares across October 27–29, while insider John Bicket sold a similar amount. Another insider, Adam Eltoukhy, sold 7,306 shares. The combined sales were worth roughly $23 million, creating a notable supply and confidence overhang, even though they were scheduled trades rather than necessarily discretionary sales.

Institutional Trading of Samsara

Institutional investors and hedge funds have recently modified their holdings of the business. Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of Samsara by 5.9% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 21,278 shares of the company’s stock worth $811,000 after purchasing an additional 1,186 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Samsara by 99.7% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,178 shares of the company’s stock worth $426,000 after purchasing an additional 5,580 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Samsara by 5.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 666,778 shares of the company’s stock worth $25,424,000 after purchasing an additional 32,122 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Samsara in the third quarter valued at approximately $312,000. Finally, Vise Technologies Inc. raised its stake in Samsara by 19.7% in the third quarter. Vise Technologies Inc. now owns 7,940 shares of the company’s stock valued at $303,000 after purchasing an additional 1,306 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara Company Profile

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.