Key Points
- Director Jonathan Chadwick sold 10,000 Samsara shares at an average price of $42.09, generating $420,900. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 16.22% to 51,666 shares.
- Samsara reported quarterly EPS of $0.20, exceeding the $0.16 consensus estimate, while revenue rose 29.9% year over year to $508.44 million. The stock opened at $40.00, with a market capitalization of approximately $23.31 billion.
- Analysts maintain a generally favorable view, with a consensus “Moderate Buy” rating and an average price target of $52.05; several firms recently raised their targets to between $55 and $58.
Samsara Inc. (NYSE:IOT - Get Free Report) CAO Benjamin Kirchhoff sold 2,165 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $42.55, for a total value of $92,120.75. Following the sale, the chief accounting officer owned 151,856 shares of the company's stock, valued at $6,461,472.80. This trade represents a 1.41% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Benjamin Louis Kirchhoff also recently made the following trade(s):
- On Monday, July 20th, Benjamin Kirchhoff sold 960 shares of Samsara stock. The shares were sold at an average price of $37.70, for a total value of $36,192.00.
Samsara Price Performance
IOT opened at $40.00 on Friday. The business's 50-day moving average is $38.62 and its two-hundred day moving average is $34.09. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47. The firm has a market capitalization of $23.31 billion, a PE ratio of 250.01, a price-to-earnings-growth ratio of 10.01 and a beta of 1.35.
Samsara (NYSE:IOT - Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. The business 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 firm's revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, sell-side analysts expect that Samsara Inc. will post 0.13 EPS for the current year.
Hedge Funds Weigh In On Samsara
Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its stake in Samsara by 58.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company's stock worth $421,079,000 after purchasing an additional 4,401,082 shares in the last quarter. Brown Advisory Inc. increased its stake in Samsara by 42.1% during 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 in the last quarter. Wellington Management Group LLP increased its stake in Samsara by 9.6% during the 2nd quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company's stock valued at $302,494,000 after purchasing an additional 813,922 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Samsara by 17.8% in the fourth quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company's stock worth $219,035,000 after buying an additional 935,855 shares during the last quarter. Finally, Bamco Inc. NY raised its holdings in shares of Samsara by 21.9% in the fourth quarter. Bamco Inc. NY now owns 4,120,031 shares of the company's stock worth $146,055,000 after buying an additional 741,200 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.
Wall Street Analyst Weigh In
IOT has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Samsara from $43.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Friday, September 4th. JPMorgan Chase & Co. lifted their price target on shares of Samsara from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Friday, September 4th. Cantor Fitzgerald assumed coverage on shares of Samsara in a report on Monday. They issued an "overweight" rating and a $45.00 price target on the stock. TD Cowen upped their price target on Samsara from $48.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, September 4th. Finally, Wall Street Zen upgraded Samsara from a "hold" rating to a "buy" rating in a report on Saturday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $52.05.
Check Out Our Latest Stock Analysis on IOT
Samsara Company Profile
(
Get Free Report)
Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.
The company's products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.
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