Samsara (NYSE:IOT) Insider Dominic Phillips Sells 18,348 Shares

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 18,348 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $46.09, for a total value of $845,659.32. Following the completion of the transaction, the insider owned 683,425 shares in the company, valued at approximately $31,499,058.25. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, November 3rd, Dominic Phillips sold 18,348 shares of Samsara stock. The stock was sold at an average price of $40.39, for a total value of $741,075.72.
• On Wednesday, October 1st, Dominic Phillips sold 18,904 shares of Samsara stock. The shares were sold at an average price of $37.83, for a total transaction of $715,138.32.
• On Monday, September 15th, Dominic Phillips sold 46,253 shares of Samsara stock. The stock was sold at an average price of $39.15, for a total transaction of $1,810,804.95.
• On Wednesday, September 10th, Dominic Phillips sold 8,457 shares of Samsara stock. The shares were sold at an average price of $38.14, for a total transaction of $322,549.98.

Samsara Stock Down 3.3%

IOT stock traded down $1.49 during midday trading on Monday, reaching $43.73. The company’s stock had a trading volume of 9,022,799 shares, compared to its average volume of 4,980,813. The business’s 50-day simple moving average is $38.46 and its 200-day simple moving average is $38.71. Samsara Inc. has a 52 week low of $31.40 and a 52 week high of $61.90. The stock has a market cap of $25.09 billion, a PE ratio of -546.65 and a beta of 1.61.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Samsara had a negative return on equity of 3.61% and a negative net margin of 2.79%.The company had revenue of $415.98 million for the quarter, compared to the consensus estimate of $398.92 million. During the same quarter in the prior year, the business posted $0.07 EPS. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. As a group, equities analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Samsara from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company lifted their price objective on shares of Samsara from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank Of Canada upped their target price on shares of Samsara from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday. Bank of America lifted their price target on shares of Samsara from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley boosted their price target on shares of Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, September 8th. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $50.50.

Hedge Funds Weigh In On Samsara

A number of large investors have recently bought and sold shares of IOT. Vanguard Group Inc. raised its holdings in shares of Samsara by 6.9% in the third quarter. Vanguard Group Inc. now owns 29,716,700 shares of the company’s stock valued at $1,106,947,000 after purchasing an additional 1,913,474 shares during the last quarter. Sands Capital Management LLC grew its holdings in shares of Samsara by 6.4% in the 3rd quarter. Sands Capital Management LLC now owns 20,518,332 shares of the company’s stock valued at $764,308,000 after acquiring an additional 1,242,122 shares in the last quarter. State Street Corp grew its stake in shares of Samsara by 107.8% in the second quarter. State Street Corp now owns 5,611,956 shares of the company’s stock valued at $223,244,000 after buying an additional 2,910,916 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Samsara by 65.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,877,254 shares of the company’s stock valued at $193,387,000 after purchasing an additional 1,931,870 shares during the period. Finally, Invesco Ltd. grew its holdings in Samsara by 20.1% during the first quarter. Invesco Ltd. now owns 4,174,153 shares of the company’s stock worth $159,995,000 after purchasing an additional 697,208 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.