Samsara (NYSE:IOT) CEO Sells $4,241,945.40 in Stock

by · The Cerbat Gem

Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 103,110 shares of the business’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $41.14, for a total value of $4,241,945.40. Following the transaction, the chief executive officer owned 180,500 shares in the company, valued at approximately $7,425,770. This represents a 36.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanjit Biswas also recently made the following trade(s):

  • On Thursday, October 15th, Sanjit Biswas sold 65,402 shares of Samsara stock. The shares were sold at an average price of $42.27, for a total value of $2,764,542.54.
  • On Tuesday, October 13th, Sanjit Biswas sold 95,388 shares of Samsara stock. The stock was sold at an average price of $41.87, for a total value of $3,993,895.56.
  • On Thursday, October 1st, Sanjit Biswas sold 21,129 shares of Samsara stock. The stock was 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 stock was sold at an average price of $38.40, for a total value of $3,239,769.60.
  • On Tuesday, September 29th, Sanjit Biswas sold 158,402 shares of Samsara stock. The stock was sold at an average price of $37.74, for a total value of $5,978,091.48.
  • On Thursday, August 20th, Sanjit Biswas sold 35,366 shares of Samsara stock. The shares were sold at an average price of $39.43, for a total value of $1,394,481.38.
  • On Wednesday, August 19th, Sanjit Biswas sold 93,079 shares of Samsara stock. The shares were sold at an average price of $39.94, for a total value of $3,717,575.26.
  • On Tuesday, August 18th, Sanjit Biswas sold 135,455 shares of Samsara stock. The shares were sold at an average price of $39.99, for a total value of $5,416,845.45.
  • On Thursday, August 6th, Sanjit Biswas sold 57,090 shares of Samsara stock. The shares were sold at an average price of $37.89, for a total value of $2,163,140.10.
  • On Wednesday, August 5th, Sanjit Biswas sold 87,333 shares of Samsara stock. The stock was sold at an average price of $38.64, for a total value of $3,374,547.12.

Samsara Stock Performance

IOT stock traded up $1.81 on Thursday, reaching $42.61. The company’s stock had a trading volume of 3,214,883 shares, compared to its average volume of 4,813,616. The firm has a market cap of $24.95 billion, a PE ratio of 266.32, a PEG ratio of 10.02 and a beta of 1.35. The business has a fifty day simple moving average of $39.89 and a two-hundred day simple moving average of $35.14. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47.

Samsara (NYSE:IOT – Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $508.44 million for 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 company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 EPS. 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, research analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Truist Financial boosted their price target on shares of Samsara from $38.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, September 4th. Royal Bank Of Canada increased their price target on shares of Samsara from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. KeyCorp raised their price objective on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Finally, Bank of America raised their price objective on shares of Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Samsara has a consensus rating of “Moderate Buy” and an average price target of $51.68.

View Our Latest Research Report on Samsara

Hedge Funds Weigh In On Samsara

Institutional investors have recently added to or reduced their stakes in the company. Markowski Investments bought a new stake in shares of Samsara during the 2nd quarter valued at $37,000. Parkside Financial Bank & Trust grew its position in shares of Samsara by 91.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after buying an additional 656 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of Samsara in the 2nd quarter worth about $46,000. Westwind Capital bought a new position in shares of Samsara in the 3rd quarter worth about $64,000. Finally, CX Institutional bought a new position in shares of Samsara in the 2nd quarter worth about $64,000. Institutional investors own 96.02% of the company’s stock.

About Samsara

(Get Free Report)

Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.

Further Reading