Samsara (NYSE:IOT) Stock: Insider Sanjit Biswas Sells 65,402 Shares

Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 65,402 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $42.27, for a total value of $2,764,542.54. Following the completion of the transaction, the chief executive officer directly owned 669,835 shares of the company’s stock, valued at approximately $28,313,925.45. The trade was a 8.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanjit Biswas also recently made the following trade(s):

  • On Wednesday, October 14th, Sanjit Biswas sold 103,110 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total value of $4,241,945.40.
  • On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total value of $3,993,895.56.
  • On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The shares were sold at an average price of $38.81, for a total value of $820,016.49.
  • On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total value of $3,239,769.60.
  • On Tuesday, September 29th, Sanjit Biswas sold 158,402 shares of Samsara stock. The shares were sold at an average price of $37.74, for a total value of $5,978,091.48.
  • On Thursday, August 20th, Sanjit Biswas sold 35,366 shares of Samsara stock. The shares were sold at an average price of $39.43, for a total value of $1,394,481.38.
  • On Wednesday, August 19th, Sanjit Biswas sold 93,079 shares of Samsara stock. The shares were sold at an average price of $39.94, for a total transaction of $3,717,575.26.
  • On Tuesday, August 18th, Sanjit Biswas sold 135,455 shares of Samsara stock. The stock was sold at an average price of $39.99, for a total transaction of $5,416,845.45.
  • On Thursday, August 6th, Sanjit Biswas sold 57,090 shares of Samsara stock. The stock was sold at an average price of $37.89, for a total transaction of $2,163,140.10.
  • On Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The stock was sold at an average price of $38.64, for a total transaction of $3,374,547.12.

Samsara Trading Up 4.4%

IOT traded up $1.81 during trading on Thursday, reaching $42.61. 3,214,883 shares of the company’s stock were exchanged, compared to its average volume of 4,813,616. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The firm has a fifty day moving average price of $39.89 and a two-hundred day moving average price of $35.14. The stock has a market capitalization of $24.95 billion, a PE ratio of 266.32, a price-to-earnings-growth ratio of 10.02 and a beta of 1.35.

Samsara (NYSE:IOT – Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The firm had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Sell-side analysts expect that Samsara Inc. will post 0.13 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on IOT shares. Morgan Stanley raised their target price on Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, September 4th. Craig Hallum reiterated a “buy” rating and issued a $54.00 price target on shares of Samsara in a research report on Friday, September 4th. Evercore reissued an “outperform” rating and issued a $55.00 price target on shares of Samsara in a research note on Friday, September 4th. Wells Fargo & Company increased their price target on Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Finally, BMO Capital Markets raised their price objective on Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Samsara currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.68.

Get Our Latest Research Report on IOT

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Markowski Investments acquired a new stake in Samsara during the second quarter worth approximately $37,000. Parkside Financial Bank & Trust lifted its stake in Samsara by 91.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock valued at $45,000 after buying an additional 656 shares during the period. Anchor Investment Management LLC acquired a new position in Samsara in the second quarter valued at approximately $46,000. CX Institutional bought a new position in Samsara during the second quarter worth $64,000. Finally, Westwind Capital acquired a new stake in shares of Samsara in the 3rd quarter valued at about $64,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Samsara Company Profile

(Get Free Report)

Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.

Recommended Stories

Insider Buying and Selling by Quarter for Samsara (NYSE:IOT)

Receive News & Ratings for Samsara Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Samsara and related companies with MarketBeat.com's FREE daily email newsletter.