Samsara (NYSE:IOT) Stock: Insider Sanjit Biswas Sells 74,489 Shares

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 74,489 shares of the company’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $42.05, for a total value of $3,132,262.45. Following the completion of the sale, the chief executive officer owned 95,295 shares of the company’s stock, valued at $4,007,154.75. This represents a 43.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, November 12th, Sanjit Biswas sold 66,560 shares of Samsara stock. The stock was sold at an average price of $41.44, for a total value of $2,758,246.40.
• On Tuesday, November 10th, Sanjit Biswas sold 93,969 shares of Samsara stock. The shares were sold at an average price of $41.39, for a total value of $3,889,376.91.
• On Tuesday, October 27th, Sanjit Biswas sold 114,813 shares of Samsara stock. The shares were sold at an average price of $43.38, for a total value 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 Wednesday, October 28th, Sanjit Biswas sold 108,212 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total transaction of $4,649,869.64.
• On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The stock was 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 shares were sold at an average price of $38.40, for a total transaction of $3,239,769.60.

Samsara Stock Performance

NYSE:IOT traded up $0.06 during trading hours on Friday, reaching $41.38. The company’s stock had a trading volume of 2,568,004 shares, compared to its average volume of 6,484,647. The company has a market capitalization of $24.23 billion, a P/E ratio of 258.62, a price-to-earnings-growth ratio of 10.37 and a beta of 1.33. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47. The stock has a 50 day moving average price of $40.91 and a two-hundred day moving average price of $34.70.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $508.44 million during the quarter, compared to analyst estimates of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. Samsara’s revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. 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, analysts predict that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Samsara

Large investors have recently made changes to their positions in the business. Three Bridge Wealth Advisors LLC purchased a new stake in shares of Samsara during the 3rd quarter valued at $29,000. Markowski Investments acquired a new stake in shares of Samsara in the 2nd quarter worth $37,000. Parkside Financial Bank & Trust boosted its position in shares of Samsara by 91.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after purchasing an additional 656 shares in the last quarter. Capital Advisor Network LLC purchased a new position in Samsara during the 3rd quarter worth $45,000. Finally, Anchor Investment Management LLC purchased a new position in Samsara during the 2nd quarter worth $46,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. TD Cowen upped their price objective on Samsara from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Wells Fargo & Company lifted their target price on Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Evercore reiterated an “outperform” rating and issued a $55.00 target price on shares of Samsara in a research note on Friday, September 4th. Jefferies Financial Group started coverage on shares of Samsara in a report on Sunday, October 4th. They issued a “buy” rating and a $50.00 target price for the company. Finally, Royal Bank Of Canada increased their price target on shares of Samsara from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. 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 stock. According to data from MarketBeat.com, Samsara presently has an average rating of “Moderate Buy” and an average target price of $51.68.

Samsara Company Profile

Samsara Inc. is a technology company that provides a cloud-based platform for managing connected operations. Its platform combines Internet of Things (IoT) devices, software and data analytics to help organizations monitor vehicles, equipment, worksites and other physical assets. The company’s products include vehicle telematics, fleet management tools, AI-enabled dash cameras, equipment monitoring and software for routing, driver safety and operational workflows. Its customers span industries such as transportation, construction, field services, manufacturing and the public sector.