Key Points
- Samsara CAO Benjamin Kirchhoff sold 770 shares at an average price of $40.42, worth $31,123.40, under a pre-arranged Rule 10b5-1 plan. He retained 151,086 shares, and has also sold shares in two earlier transactions.
- Samsara’s stock opened at $38.10 after declining 3.7%, with a market capitalization of $22.31 billion. In its latest quarter, the company beat earnings and revenue estimates, reporting $0.20 EPS and $508.44 million in revenue, up 29.9% year over year.
- Analysts maintain a bullish outlook: the consensus rating is “Moderate Buy” with a $52.05 price target, while several firms recently raised their targets to between $49 and $55. Institutional investors own approximately 96% of the company.
Samsara Inc. (NYSE:IOT - Get Free Report) CAO Benjamin Kirchhoff sold 770 shares of the company's stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $40.42, for a total value of $31,123.40. Following the transaction, the chief accounting officer directly owned 151,086 shares in the company, valued at $6,106,896.12. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a 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.
Benjamin Louis Kirchhoff also recently made the following trade(s):
- On Tuesday, September 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The shares were sold at an average price of $42.55, for a total transaction of $92,120.75.
- 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 transaction of $36,192.00.
Samsara Trading Down 3.7%
NYSE:IOT opened at $38.10 on Tuesday. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The company has a market cap of $22.31 billion, a PE ratio of 238.12, a P/E/G ratio of 9.71 and a beta of 1.35. The company's 50 day moving average is $38.70 and its two-hundred day moving average is $34.23.
Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (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 analysts' expectations of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business's quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter last 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, analysts expect that Samsara Inc. will post 0.13 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Anchor Investment Management LLC acquired a new position in Samsara in the second quarter valued at approximately $46,000. Tidal Investments LLC raised its stake in Samsara by 347.6% during the 2nd quarter. Tidal Investments LLC now owns 72,129 shares of the company's stock worth $2,339,000 after acquiring an additional 56,016 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Samsara during the 2nd quarter worth $671,000. RFG Advisory LLC lifted its position in Samsara by 1.9% in the second quarter. RFG Advisory LLC now owns 111,482 shares of the company's stock valued at $3,615,000 after acquiring an additional 2,117 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Samsara by 63.1% in the second quarter. IFP Advisors Inc now owns 3,589 shares of the company's stock valued at $116,000 after acquiring an additional 1,389 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. BTIG Research raised their target price on Samsara from $45.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, September 4th. Bank of America lifted their price target on Samsara from $47.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, September 4th. BMO Capital Markets upped their price objective on shares of Samsara from $44.00 to $54.00 and gave the company an "outperform" rating in a research note on Friday, September 4th. Morgan Stanley lifted their price target on Samsara from $43.00 to $49.00 and gave the stock an "equal weight" rating in a report on Friday, September 4th. Finally, Wall Street Zen raised shares of Samsara from a "hold" rating to a "buy" rating in a research report on Saturday, September 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.05.
Check Out Our Latest Research Report 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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