Key Points
- Samsara CEO Sanjit Biswas sold 66,560 shares at an average $41.44, worth about $2.76 million, leaving him with 89,900 shares; the sale reduced his ownership by 42.54%.
- The sale was made under a pre-arranged Rule 10b5-1 trading plan. Biswas also reported several other stock sales in recent weeks.
- Samsara’s latest quarterly results beat estimates, with EPS of $0.20 versus $0.16 expected and revenue up 29.9% year over year; analysts’ consensus rating is “Moderate Buy.”
Samsara Inc. (NYSE:IOT - Get Free Report) CEO Sanjit Biswas sold 66,560 shares of Samsara stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $41.44, for a total transaction of $2,758,246.40. Following the completion of the sale, the chief executive officer owned 89,900 shares of the company's stock, valued at $3,725,456. This represents a 42.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sanjit Biswas also recently made the following trade(s):
- On Wednesday, November 11th, Sanjit Biswas sold 74,489 shares of Samsara stock. The shares were sold at an average price of $42.05, for a total transaction of $3,132,262.45.
- On Tuesday, November 10th, Sanjit Biswas sold 93,969 shares of Samsara stock. The shares were sold at an average price of $41.39, for a total transaction of $3,889,376.91.
- On Tuesday, October 27th, Sanjit Biswas sold 114,813 shares of Samsara stock. The stock was sold at an average price of $43.38, for a total transaction of $4,980,587.94.
- On Thursday, October 29th, Sanjit Biswas sold 40,875 shares of Samsara stock. The stock was sold at an average price of $41.57, for a total transaction of $1,699,173.75.
- On Wednesday, October 28th, Sanjit Biswas sold 108,212 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total transaction of $4,649,869.64.
- On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The stock was sold at an average price of $42.27, for a total transaction of $2,764,542.54.
- On Wednesday, October 14th, Sanjit Biswas sold 103,110 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total transaction of $4,241,945.40.
- On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The shares were sold at an average price of $41.87, for a total transaction of $3,993,895.56.
- On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The shares were sold at an average price of $38.81, for a total value of $820,016.49.
- On Wednesday, September 30th, Sanjit Biswas sold 84,369 shares of Samsara stock. The shares were sold at an average price of $38.40, for a total value of $3,239,769.60.
Samsara Stock Performance
Shares of IOT stock traded up $0.06 on Friday, reaching $41.38. The stock had a trading volume of 2,568,004 shares, compared to its average volume of 3,664,249. The stock has a market cap of $24.23 billion, a P/E ratio of 258.62, a price-to-earnings-growth ratio of 10.15 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 company has a 50 day simple moving average of $40.96 and a 200 day simple moving average of $34.75.
Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $508.44 million during 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%. Samsara's revenue was up 29.9% compared to the same quarter last year. During the same quarter 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. On average, equities research analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have issued reports on IOT shares. TD Cowen boosted their price target on Samsara from $48.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, September 4th. BTIG Research increased their price objective on shares of Samsara from $45.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, September 4th. Jefferies Financial Group assumed coverage on shares of Samsara in a research note on Sunday, October 4th. They issued a "buy" rating and a $50.00 price objective on the stock. Wall Street Zen raised shares of Samsara from a "hold" rating to a "buy" rating in a report on Saturday, September 12th. Finally, BMO Capital Markets upped their target price on shares of Samsara from $44.00 to $54.00 and gave the company an "outperform" rating in a report on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.68.
Read Our Latest Stock Analysis on Samsara
Key Headlines Impacting Samsara
These are some of the IOT headlines that stood out recently:
- Positive Sentiment: Samsara launched what it describes as an industry-first 360-degree camera designed for open-cab equipment. The launch could broaden its equipment-monitoring offerings and appeal to customers operating in additional work environments. Samsara launches 360-degree camera article
- Negative Sentiment: CEO Sanjit Biswas and insider John Bicket reported selling shares in transactions from Nov. 10–12, totaling roughly 470,000 shares based on the reported amounts. The sales could concern investors, though both were executed under pre-arranged Rule 10b5-1 plans, tempering the signal. John Bicket SEC filing Sanjit Biswas SEC filing
Institutional Trading of Samsara
A number of hedge funds and other institutional investors have recently bought and sold shares of IOT. Wellington Management Group LLP increased its position in Samsara by 9.6% in the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company's stock worth $302,494,000 after buying an additional 813,922 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Samsara by 26.0% in the third quarter. Pictet Asset Management Holding SA now owns 2,660,574 shares of the company's stock worth $101,448,000 after buying an additional 548,698 shares during the period. Spyglass Capital Management LLC lifted its position in shares of Samsara by 4.7% during the 2nd quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company's stock valued at $100,068,000 after buying an additional 139,009 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Samsara by 14.8% during the 3rd quarter. Voya Investment Management LLC now owns 2,533,060 shares of the company's stock valued at $96,586,000 after buying an additional 326,692 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Samsara by 41.5% during the 1st quarter. Bank of America Corp DE now owns 2,710,202 shares of the company's stock valued at $85,886,000 after buying an additional 794,255 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.
Samsara Company Profile
(
Get Free Report)
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.
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