Samsara (NYSE:IOT) Stock: Insider John Bicket Sells 74,271 Shares

Samsara Inc. (NYSE:IOT) insider John Bicket sold 74,271 shares of the firm’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 $3,123,095.55. Following the completion of the sale, the insider directly owned 95,501 shares of the company’s stock, valued at $4,015,817.05. This trade represents a 43.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Bicket also recently made the following trade(s):

• On Thursday, November 12th, John Bicket sold 66,895 shares of Samsara stock. The stock was sold at an average price of $41.45, for a total value of $2,772,797.75.
• On Tuesday, November 10th, John Bicket sold 93,862 shares of Samsara stock. The shares were sold at an average price of $41.39, for a total transaction of $3,884,948.18.
• On Thursday, October 29th, John Bicket sold 42,507 shares of Samsara stock. The shares were sold at an average price of $41.58, for a total transaction of $1,767,441.06.
• On Wednesday, October 28th, John Bicket sold 107,729 shares of Samsara stock. The shares were sold at an average price of $42.97, for a total transaction of $4,629,115.13.
• On Tuesday, October 27th, John Bicket sold 113,664 shares of Samsara stock. The shares were sold at an average price of $43.38, for a total transaction of $4,930,744.32.
• On Thursday, October 15th, John Bicket sold 65,209 shares of Samsara stock. The stock was sold at an average price of $42.27, for a total transaction of $2,756,384.43.
• On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The stock was sold at an average price of $41.14, for a total transaction of $4,245,894.84.
• On Tuesday, October 13th, John Bicket sold 95,485 shares of Samsara stock. The stock was sold at an average price of $41.87, for a total transaction of $3,997,956.95.
• On Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The stock was sold at an average price of $38.83, for a total transaction of $796,908.09.
• On Wednesday, September 30th, John Bicket sold 84,950 shares of Samsara stock. The shares were sold at an average price of $38.40, for a total transaction of $3,262,080.00.

Samsara Stock Up 0.1%

NYSE:IOT traded up $0.06 on Friday, hitting $41.38. The stock had a trading volume of 2,568,004 shares, compared to its average volume of 3,664,249. The company has a fifty day moving average price of $40.96 and a two-hundred day moving average price of $34.75. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47. The stock has a market cap of $24.23 billion, a price-to-earnings ratio of 258.62, a PEG ratio of 10.15 and a beta of 1.33.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 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 last year, the firm 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. As a group, analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current year.

Analysts Set New Price Targets

IOT has been the subject of several analyst reports. Weiss Ratings upgraded Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Royal Bank Of Canada raised their target price on Samsara from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Jefferies Financial Group began coverage on Samsara in a research report on Sunday, October 4th. They issued a “buy” rating and a $50.00 target price on the stock. Wells Fargo & Company upped their price target on Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Finally, BTIG Research upped their price target on Samsara from $45.00 to $54.00 and gave the company a “buy” rating in a research note 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 assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.68.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Spyglass Capital Management LLC boosted its stake in shares of Samsara by 25.5% in the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after purchasing an additional 599,651 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Samsara in the second quarter valued at approximately $4,860,000. Tidal Investments LLC increased its stake in Samsara by 347.6% during the 2nd quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock worth $2,339,000 after buying an additional 56,016 shares during the period. Fifth Third Bancorp increased its stake in Samsara by 226.3% during the 1st quarter. Fifth Third Bancorp now owns 54,335 shares of the company’s stock worth $1,722,000 after buying an additional 37,683 shares during the period. Finally, Congress Asset Management Co. increased its stake in Samsara by 3.5% during the 3rd quarter. Congress Asset Management Co. now owns 844,722 shares of the company’s stock worth $32,209,000 after buying an additional 28,507 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Samsara

Investors following IOT have been watching these headlines:

• Positive Sentiment: Samsara launched what it describes as an industry-first 360-degree camera designed for open-cab equipment. The launch could broaden its equipment-monitoring offerings and appeal to customers operating in additional work environments. Samsara launches 360-degree camera article
• Negative Sentiment: CEO Sanjit Biswas and insider John Bicket reported selling shares in transactions from Nov. 10–12, totaling roughly 470,000 shares based on the reported amounts. The sales could concern investors, though both were executed under pre-arranged Rule 10b5-1 plans, tempering the signal. John Bicket SEC filing Sanjit Biswas SEC filing

About Samsara

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.