Samsara (NYSE:IOT) Director Marc Andreessen Sells 500,000 Shares

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 500,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $33.68, for a total transaction of $16,840,000.00. Following the completion of the sale, the director directly owned 2,870,147 shares of the company’s stock, valued at $96,666,550.96. The trade was a 14.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Samsara Trading Up 4.1%

Shares of NYSE IOT opened at $33.57 on Friday. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of 335.76, a PEG ratio of 7.54 and a beta of 1.34. The firm has a 50-day moving average of $30.85 and a two-hundred day moving average of $32.35.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on IOT. Royal Bank Of Canada upped their price target on shares of Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, June 5th. BTIG Research reissued a “buy” rating and issued a $45.00 price target on shares of Samsara in a report on Friday, June 5th. Wells Fargo & Company boosted their price objective on Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Piper Sandler restated an “overweight” rating and set a $40.00 price objective (up from $39.00) on shares of Samsara in a report on Friday, June 5th. Finally, The Goldman Sachs Group set a $45.00 price objective on Samsara in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $46.53.

Hedge Funds Weigh In On Samsara

A number of large investors have recently made changes to their positions in the business. Baillie Gifford & Co. increased its holdings in shares of Samsara by 15.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock valued at $1,689,565,000 after purchasing an additional 6,208,553 shares during the period. Vanguard Group Inc. increased its holdings in shares of Samsara by 11.5% in the 4th 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 period. Sands Capital Management LLC increased 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 purchasing an additional 1,242,122 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Samsara by 58.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after purchasing an additional 4,401,082 shares during the period. Finally, Brown Advisory Inc. increased its holdings in shares of Samsara by 42.1% in the 4th 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 during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.