Insider Selling: Samsara (NYSE:IOT) Insider Sells $5,437,760.22 in Stock

Samsara Inc. (NYSE:IOT) insider John Bicket sold 135,978 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $39.99, for a total transaction of $5,437,760.22. Following the completion of the sale, the insider owned 62,200 shares of the company’s stock, valued at approximately $2,487,378. The trade was a 68.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The shares were sold at an average price of $39.44, for a total value of $1,362,928.08.
• On Wednesday, August 19th, John Bicket sold 93,365 shares of Samsara stock. The stock was sold at an average price of $39.93, for a total transaction of $3,728,064.45.
• On Thursday, August 6th, John Bicket sold 57,267 shares of Samsara stock. The shares were sold at an average price of $37.89, for a total transaction of $2,169,846.63.
• On Wednesday, August 5th, John Bicket sold 87,079 shares of Samsara stock. The shares were sold at an average price of $38.64, for a total transaction of $3,364,732.56.
• On Tuesday, August 4th, John Bicket sold 119,554 shares of Samsara stock. The shares were sold at an average price of $38.34, for a total value of $4,583,700.36.
• On Wednesday, July 22nd, John Bicket sold 61,352 shares of Samsara stock. The shares were sold at an average price of $33.87, for a total transaction of $2,077,992.24.
• On Tuesday, July 21st, John Bicket sold 202,548 shares of Samsara stock. The shares were sold at an average price of $36.81, for a total transaction of $7,455,791.88.
• On Wednesday, July 8th, John Bicket sold 17,975 shares of Samsara stock. The shares were sold at an average price of $35.11, for a total transaction of $631,102.25.
• On Tuesday, July 7th, John Bicket sold 245,925 shares of Samsara stock. The shares were sold at an average price of $36.77, for a total value of $9,042,662.25.
• On Thursday, May 28th, John Bicket sold 30,345 shares of Samsara stock. The stock was sold at an average price of $31.20, for a total value of $946,764.00.

Samsara Stock Down 0.7%

NYSE:IOT traded down $0.27 during mid-day trading on Thursday, reaching $38.93. 5,690,708 shares of the company were exchanged, compared to its average volume of 6,916,050. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47. The company has a fifty day moving average of $35.84 and a 200 day moving average of $32.14. The stock has a market cap of $22.68 billion, a PE ratio of 389.34, a PEG ratio of 8.89 and a beta of 1.34.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $478.84 million for the quarter, compared to analyst estimates of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. Samsara’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, equities research analysts anticipate that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Institutional Trading of Samsara

A number of institutional investors have recently modified their holdings of IOT. Goldman Sachs Group Inc. boosted its stake in shares of Samsara by 58.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock worth $421,079,000 after buying an additional 4,401,082 shares during the last quarter. Norges Bank bought a new stake in Samsara during the fourth quarter worth about $127,415,000. Vanguard Group Inc. boosted its position in Samsara by 11.5% during the fourth quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after purchasing an additional 3,417,849 shares during the last quarter. Brown Advisory Inc. grew its stake in Samsara by 42.1% in the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after purchasing an additional 3,322,023 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Samsara by 97.1% during the 4th quarter. Wellington Management Group LLP now owns 6,269,398 shares of the company’s stock worth $222,250,000 after purchasing an additional 3,088,299 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IOT has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price target on Samsara from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Jefferies Financial Group raised Samsara to a “buy” rating in a research note on Thursday, June 11th. Guggenheim began coverage on Samsara in a report on Wednesday, July 22nd. They set a “buy” rating and a $45.00 target price on the stock. Zacks Research lowered Samsara from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.39.

About Samsara

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.