Samsara (NYSE:IOT) Stock Price Down 9.2% Following Insider Selling
by Amy Steele · The Cerbat GemSamsara Inc. (NYSE:IOT – Get Free Report) shares dropped 9.2% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $24.35 and last traded at $24.3310. Approximately 2,731,049 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 8,435,203 shares. The stock had previously closed at $26.79.
Specifically, insider Adam Eltoukhy sold 4,688 shares of Samsara stock in a transaction on Friday, February 20th. The shares were sold at an average price of $26.79, for a total value of $125,591.52. Following the transaction, the insider directly owned 246,675 shares of the company’s stock, valued at $6,608,423.25. The trade was a 1.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Bicket sold 263,900 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $25.87, for a total transaction of $6,827,093.00. Following the sale, the insider owned 57,600 shares of the company’s stock, valued at approximately $1,490,112. This represents a 82.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In other Samsara news, insider Sanjit Biswas sold 263,900 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $25.87, for a total transaction of $6,827,093.00. Following the transaction, the insider directly owned 57,600 shares of the company’s stock, valued at approximately $1,490,112. This trade represents a 82.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Analyst Upgrades and Downgrades
IOT has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Samsara in a research note on Thursday, January 22nd. JPMorgan Chase & Co. upped their price objective on Samsara from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. The Goldman Sachs Group began coverage on Samsara in a research report on Wednesday, February 11th. They set a “buy” rating and a $36.00 price objective for the company. BTIG Research assumed coverage on Samsara in a report on Tuesday, December 16th. They issued a “buy” rating and a $55.00 target price on the stock. Finally, BNP Paribas Exane upgraded Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.69.
Check Out Our Latest Stock Analysis on Samsara
Samsara Price Performance
The stock has a 50-day simple moving average of $32.17 and a 200 day simple moving average of $35.89. The company has a market capitalization of $14.26 billion, a PE ratio of -308.98 and a beta of 1.61.
Samsara (NYSE:IOT – Get Free Report) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11). Samsara had a negative net margin of 2.79% and a negative return on equity of 3.49%. The firm had revenue of $415.98 million during the quarter, compared to analysts’ expectations of $398.92 million. During the same quarter in the prior year, the business earned $0.07 EPS. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. As a group, research analysts predict that Samsara Inc. will post -0.3 EPS for the current fiscal year.
Institutional Trading of Samsara
Several large investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC acquired a new position in shares of Samsara during the 2nd quarter worth approximately $28,000. Acumen Wealth Advisors LLC purchased a new position in Samsara during the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its position in Samsara by 312.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after buying an additional 669 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Samsara by 6,078.6% in the third quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock worth $32,000 after acquiring an additional 851 shares during the last quarter. Finally, AlphaCentric Advisors LLC purchased a new stake in shares of Samsara in the fourth quarter valued at $36,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.
Samsara Company Profile
Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.
The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.