Dominic Phillips Sells 17,909 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 17,909 shares of Samsara stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $44.25, for a total value of $792,473.25. Following the completion of the sale, the insider directly owned 1,019,363 shares in the company, valued at $45,106,812.75. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dominic Phillips also recently made the following trade(s):

• On Friday, September 4th, Dominic Phillips sold 11,710 shares of Samsara stock. The shares were sold at an average price of $44.25, for a total value of $518,167.50.
• On Monday, August 3rd, Dominic Phillips sold 17,908 shares of Samsara stock. The shares were sold at an average price of $37.62, for a total value of $673,698.96.
• On Monday, August 3rd, Dominic Phillips sold 11,710 shares of Samsara stock. The stock was sold at an average price of $37.62, for a total value of $440,530.20.
• On Wednesday, July 1st, Dominic Phillips sold 17,909 shares of Samsara stock. The stock was sold at an average price of $33.32, for a total value of $596,727.88.
• On Wednesday, July 1st, Dominic Phillips sold 12,065 shares of Samsara stock. The shares were sold at an average price of $33.32, for a total value of $402,005.80.

Samsara Trading Down 3.6%

IOT traded down $1.45 during trading hours on Wednesday, hitting $38.70. The company’s stock had a trading volume of 10,757,017 shares, compared to its average volume of 7,024,384. The business’s 50-day moving average price is $38.08 and its 200-day moving average price is $33.45. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47. The stock has a market cap of $22.55 billion, a price-to-earnings ratio of 241.88, a P/E/G ratio of 9.03 and a beta of 1.35.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.27%. The business had revenue of $508.44 million during the quarter, compared to analyst estimates of $483.29 million. During the same quarter last year, the business earned $0.12 earnings per share. Samsara’s quarterly revenue was up 29.9% compared to the same quarter last year. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. On average, analysts forecast that Samsara Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Jefferies Financial Group raised Samsara to a “buy” rating in a research note on Thursday, June 11th. Wells Fargo & Company lifted their target price on Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Morgan Stanley increased their price target on Samsara from $43.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, September 4th. Royal Bank Of Canada raised their price target on Samsara from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Finally, Evercore reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Samsara in a research note on Friday, September 4th. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.44.

Institutional Investors Weigh In On Samsara

Several hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC boosted its holdings in Samsara by 347.6% during the 2nd quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock valued at $2,339,000 after acquiring an additional 56,016 shares during the period. Engineers Gate Manager LP purchased a new stake in Samsara in the second quarter worth $671,000. RFG Advisory LLC lifted its position in shares of Samsara by 1.9% during the second quarter. RFG Advisory LLC now owns 111,482 shares of the company’s stock worth $3,615,000 after purchasing an additional 2,117 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Samsara by 63.1% during the second quarter. IFP Advisors Inc now owns 3,589 shares of the company’s stock valued at $116,000 after purchasing an additional 1,389 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Samsara by 6.8% during the second quarter. Arizona State Retirement System now owns 100,349 shares of the company’s stock valued at $3,254,000 after purchasing an additional 6,356 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Company Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.