Key Points
- Samsara CAO Benjamin Kirchhoff sold 770 shares at an average price of $39.79, generating $30,638.30. The transaction, conducted under a Rule 10b5-1 plan, reduced his holdings by 0.52% to 148,151 shares.
- Samsara recently exceeded quarterly expectations, reporting $0.20 earnings per share versus a $0.16 consensus estimate and $508.44 million in revenue, up 29.9% year over year.
- Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $51.68, while the stock recently traded at $43.21 and has a market capitalization of approximately $25.3 billion.
Samsara Inc. (NYSE:IOT - Get Free Report) CAO Benjamin Kirchhoff sold 770 shares of the firm's stock in a transaction on Monday, October 19th. The stock was sold at an average price of $39.79, for a total value of $30,638.30. Following the completion of the sale, the chief accounting officer directly owned 148,151 shares of the company's stock, valued at $5,894,928.29. The trade was a 0.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Thursday, October 15th, Benjamin Kirchhoff sold 2,165 shares of Samsara stock. The stock was sold at an average price of $40.40, for a total value of $87,466.00.
- On Friday, September 18th, Benjamin Kirchhoff sold 770 shares of Samsara stock. The shares were sold at an average price of $40.42, for a total value of $31,123.40.
- 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 value of $92,120.75.
Samsara Stock Performance
Samsara stock opened at $43.21 on Thursday. The stock has a 50-day moving average of $40.08 and a two-hundred day moving average of $35.51. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The stock has a market cap of $25.30 billion, a PE ratio of 270.04, a price-to-earnings-growth ratio of 10.41 and a beta of 1.35.
Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The business had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. During the same quarter last year, the company earned $0.12 earnings per share. The company's quarterly revenue was up 29.9% on a year-over-year basis. 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 predict that Samsara Inc. will post 0.13 EPS for the current fiscal year.
Institutional Trading of Samsara
Several large investors have recently added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new position in shares of Samsara in the third quarter valued at about $202,000. Capstone Capital Management Ltd purchased a new position in shares of Samsara in the third quarter worth about $386,000. Diversify Advisory Services LLC raised its stake in shares of Samsara by 58.2% in the third quarter. Diversify Advisory Services LLC now owns 68,450 shares of the company's stock worth $2,610,000 after purchasing an additional 25,182 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Samsara by 54.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,817 shares of the company's stock worth $1,671,000 after purchasing an additional 15,393 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of Samsara by 157.0% during the third quarter. IFP Advisors Inc now owns 9,224 shares of the company's stock worth $352,000 after purchasing an additional 5,635 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on IOT shares. Morgan Stanley increased their price objective on shares of Samsara from $43.00 to $49.00 and gave the company an "equal weight" rating in a research report on Friday, September 4th. Royal Bank Of Canada boosted their target price on shares of Samsara from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. BNP Paribas Exane upped their price target on shares of Samsara from $40.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, September 4th. BMO Capital Markets raised their price target on shares of Samsara from $44.00 to $54.00 and gave the stock an "outperform" rating in a report on Friday, September 4th. Finally, Truist Financial lifted their price objective on shares of Samsara from $38.00 to $48.00 and gave the stock a "hold" rating in a research note on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Samsara currently has an average rating of "Moderate Buy" and a consensus target price of $51.68.
Read Our Latest Analysis on Samsara
Samsara Company Profile
(
Get Free Report)
Samsara, Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its Samsara Connected Operations Cloud combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, facilities and frontline operations.
The company's products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.
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