Samsara (NYSE:IOT) Stock: Insider John Bicket Sells 93,862 Shares

Samsara Inc. (NYSE:IOT) insider John Bicket sold 93,862 shares of the firm’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $41.39, for a total transaction of $3,884,948.18. Following the completion of the transaction, the insider directly owned 19,800 shares in the company, valued at $819,522. This trade represents a 82.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Bicket also recently made the following trade(s):

• On Thursday, November 12th, John Bicket sold 66,895 shares of Samsara stock. The shares were sold at an average price of $41.45, for a total transaction of $2,772,797.75.
• On Wednesday, November 11th, John Bicket sold 74,271 shares of Samsara stock. The stock was sold at an average price of $42.05, for a total transaction of $3,123,095.55.
• On Thursday, October 29th, John Bicket sold 42,507 shares of Samsara stock. The stock was sold at an average price of $41.58, for a total transaction of $1,767,441.06.
• On Wednesday, October 28th, John Bicket sold 107,729 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total transaction of $4,629,115.13.
• On Tuesday, October 27th, John Bicket sold 113,664 shares of Samsara stock. The stock was sold at an average price of $43.38, for a total transaction of $4,930,744.32.
• On Thursday, October 15th, John Bicket sold 65,209 shares of Samsara stock. The shares were sold at an average price of $42.27, for a total transaction of $2,756,384.43.
• On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total transaction of $4,245,894.84.
• On Tuesday, October 13th, John Bicket sold 95,485 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total value of $3,997,956.95.
• On Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The stock was sold at an average price of $38.83, for a total value of $796,908.09.
• On Wednesday, September 30th, John Bicket sold 84,950 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total value of $3,262,080.00.

Samsara Stock Performance

Shares of Samsara stock traded up $0.06 on Friday, hitting $41.38. The company had a trading volume of 2,568,004 shares, compared to its average volume of 6,484,647. The stock has a market capitalization of $24.23 billion, a price-to-earnings ratio of 258.62, a P/E/G ratio of 10.37 and a beta of 1.33. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47. The stock has a 50 day moving average of $40.91 and a 200-day moving average of $34.70.

Samsara (NYSE:IOT) last posted 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. The company had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter last year, the company 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. Equities analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IOT has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Jefferies Financial Group assumed coverage on shares of Samsara in a report on Sunday, October 4th. They set a “buy” rating and a $50.00 price objective on the stock. Piper Sandler reiterated a “neutral” rating and issued a $46.00 target price (up from $40.00) on shares of Samsara in a research note on Friday, September 4th. Guggenheim increased their target price on shares of Samsara from $45.00 to $51.00 and gave the company a “buy” rating in a report on Friday, September 4th. Finally, BMO Capital Markets raised their price target on shares of Samsara from $44.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.68.

Hedge Funds Weigh In On Samsara

Institutional investors have recently modified their holdings of the business. Spyglass Capital Management LLC increased its position in shares of Samsara by 25.5% during the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after acquiring an additional 599,651 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Samsara in the second quarter worth $4,860,000. Tidal Investments LLC boosted its position in Samsara by 347.6% in the second quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock worth $2,339,000 after purchasing an additional 56,016 shares during the last quarter. Fifth Third Bancorp boosted its position in Samsara by 226.3% in the first quarter. Fifth Third Bancorp now owns 54,335 shares of the company’s stock worth $1,722,000 after purchasing an additional 37,683 shares during the last quarter. Finally, Congress Asset Management Co. grew its stake in Samsara by 3.5% in the 3rd quarter. Congress Asset Management Co. now owns 844,722 shares of the company’s stock valued at $32,209,000 after purchasing an additional 28,507 shares during the period. 96.02% of the stock is owned by institutional investors.

About Samsara

Samsara Inc. is a technology company that provides a cloud-based platform for managing connected operations. Its platform combines Internet of Things (IoT) devices, software and data analytics to help organizations monitor vehicles, equipment, worksites and other physical assets. The company’s products include vehicle telematics, fleet management tools, AI-enabled dash cameras, equipment monitoring and software for routing, driver safety and operational workflows. Its customers span industries such as transportation, construction, field services, manufacturing and the public sector.