Samsara (NYSE:IOT) Director Jonathan Chadwick Sells 10,000 Shares

Samsara Inc. (NYSE:IOT) Director Jonathan Chadwick sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $42.09, for a total transaction of $420,900.00. Following the transaction, the director owned 51,666 shares in the company, valued at $2,174,621.94. This represents a 16.22% decrease in their position. The transaction 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.

Samsara Stock Down 1.6%

IOT opened at $40.00 on Friday. The stock has a market capitalization of $23.31 billion, a price-to-earnings ratio of 250.01, a PEG ratio of 10.01 and a beta of 1.35. The firm has a 50 day moving average price of $38.62 and a 200-day moving average price of $34.09. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business had revenue of $508.44 million during the quarter, compared to analyst estimates of $483.29 million. During the same period in the previous year, the business earned $0.12 EPS. The company’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. As a group, analysts expect that Samsara Inc. will post 0.13 earnings per share for the current year.

Institutional Trading of Samsara

Several institutional investors have recently made changes to their positions in IOT. IFG Advisory LLC increased its holdings in shares of Samsara by 0.8% during the fourth quarter. IFG Advisory LLC now owns 44,814 shares of the company’s stock valued at $1,589,000 after acquiring an additional 372 shares in the last quarter. Cim LLC grew its holdings in shares of Samsara by 1.3% during the first quarter. Cim LLC now owns 34,505 shares of the company’s stock valued at $1,093,000 after buying an additional 455 shares during the last quarter. Lido Advisors LLC raised its stake in Samsara by 1.4% in the 1st quarter. Lido Advisors LLC now owns 40,044 shares of the company’s stock worth $1,269,000 after acquiring an additional 534 shares during the last quarter. Moran Wealth Management LLC raised its stake in Samsara by 7.3% in the 1st quarter. Moran Wealth Management LLC now owns 8,291 shares of the company’s stock worth $263,000 after acquiring an additional 562 shares during the last quarter. Finally, TrueMark Investments LLC lifted its position in Samsara by 1.4% during the 1st quarter. TrueMark Investments LLC now owns 44,724 shares of the company’s stock worth $1,417,000 after acquiring an additional 630 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Morgan Stanley boosted their price target on Samsara from $43.00 to $49.00 and gave the company an “equal weight” rating in a research note on Friday, September 4th. JPMorgan Chase & Co. increased their price objective on shares of Samsara from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. BMO Capital Markets raised their price objective on shares of Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Craig Hallum restated a “buy” rating and set a $54.00 target price on shares of Samsara in a research report on Friday, September 4th. Finally, Wells Fargo & Company upped their target price on shares of Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $52.05.

About Samsara

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company’s products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.