Insider Selling: Samsara (NYSE:IOT) CEO Sells 61,283 Shares

Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas sold 61,283 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $33.87, for a total value of $2,075,655.21. Following the completion of the transaction, the chief executive officer owned 1,351,671 shares of the company’s stock, valued at $45,781,096.77. This trade represents a 4.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, July 21st, Sanjit Biswas sold 202,617 shares of Samsara stock. The stock was sold at an average price of $36.81, for a total transaction of $7,458,331.77.
• On Wednesday, July 8th, Sanjit Biswas sold 19,095 shares of Samsara stock. The shares were sold at an average price of $35.09, for a total transaction of $670,043.55.
• On Tuesday, July 7th, Sanjit Biswas sold 244,805 shares of Samsara stock. The shares were sold at an average price of $36.77, for a total transaction of $9,001,479.85.
• On Thursday, May 28th, Sanjit Biswas sold 31,081 shares of Samsara stock. The stock was sold at an average price of $31.21, for a total transaction of $970,038.01.
• On Wednesday, May 27th, Sanjit Biswas sold 128,159 shares of Samsara stock. The stock was sold at an average price of $30.03, for a total transaction of $3,848,614.77.
• On Tuesday, May 26th, Sanjit Biswas sold 104,660 shares of Samsara stock. The shares were sold at an average price of $31.10, for a total value of $3,254,926.00.
• On Wednesday, May 13th, Sanjit Biswas sold 95,628 shares of Samsara stock. The stock was sold at an average price of $27.47, for a total value of $2,626,901.16.
• On Tuesday, May 12th, Sanjit Biswas sold 168,272 shares of Samsara stock. The stock was sold at an average price of $28.58, for a total value of $4,809,213.76.
• On Thursday, April 30th, Sanjit Biswas sold 72,958 shares of Samsara stock. The shares were sold at an average price of $28.49, for a total value of $2,078,573.42.
• On Wednesday, April 29th, Sanjit Biswas sold 87,067 shares of Samsara stock. The stock was sold at an average price of $29.05, for a total value of $2,529,296.35.

Samsara Stock Up 5.4%

Shares of NYSE IOT traded up $1.90 during midday trading on Tuesday, reaching $37.24. 1,381,163 shares of the stock were exchanged, compared to its average volume of 7,106,801. The firm has a market cap of $21.70 billion, a price-to-earnings ratio of 373.34, a PEG ratio of 7.43 and a beta of 1.35. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The firm has a 50-day simple moving average of $33.87 and a two-hundred day simple moving average of $31.42.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The firm had revenue of $478.84 million during the quarter, compared to analyst estimates of $455.21 million. During the same period in the previous year, the firm earned $0.11 EPS. The business’s quarterly 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. Research analysts expect that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Samsara

Hedge funds have recently modified their holdings of the business. Acumen Wealth Advisors LLC purchased a new position in Samsara in the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Samsara by 312.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after acquiring an additional 669 shares during the last quarter. AlphaCentric Advisors LLC acquired a new position in shares of Samsara during the 4th quarter valued at about $36,000. IFP Advisors Inc grew its holdings in shares of Samsara by 194.4% in the third quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock valued at $47,000 after purchasing an additional 828 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Samsara during the fourth quarter worth about $52,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IOT has been the topic of several recent analyst reports. Jefferies Financial Group raised shares of Samsara to a “buy” rating in a research note on Thursday, June 11th. Guggenheim initiated coverage on Samsara in a report on Wednesday, July 22nd. They issued a “buy” rating and a $45.00 price target for the company. Wells Fargo & Company raised their price objective on Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Morgan Stanley set a $43.00 price objective on Samsara in a research report on Tuesday, July 21st. Finally, BTIG Research reaffirmed a “buy” rating and set a $45.00 target price on shares of Samsara in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Samsara currently has an average rating of “Moderate Buy” and a consensus target price of $45.33.

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.