Samsara (NYSE:IOT) Insider Sanjit Biswas Sells 160,000 Shares

Samsara Inc. (NYSE:IOT) insider Sanjit Biswas sold 160,000 shares of the stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $38.63, for a total transaction of $6,180,800.00. Following the sale, the insider owned 30,000 shares of the company’s stock, valued at $1,158,900. This trade represents a 84.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, October 7th, Sanjit Biswas sold 160,000 shares of Samsara stock. The stock was sold at an average price of $38.36, for a total value of $6,137,600.00.
• On Wednesday, September 24th, Sanjit Biswas sold 26,590 shares of Samsara stock. The stock was sold at an average price of $37.60, for a total transaction of $999,784.00.
• On Tuesday, September 23rd, Sanjit Biswas sold 133,410 shares of Samsara stock. The stock was sold at an average price of $38.97, for a total value of $5,198,987.70.
• On Wednesday, September 3rd, Sanjit Biswas sold 30,145 shares of Samsara stock. The shares were sold at an average price of $35.57, for a total value of $1,072,257.65.
• On Tuesday, September 2nd, Sanjit Biswas sold 129,855 shares of Samsara stock. The shares were sold at an average price of $35.37, for a total transaction of $4,592,971.35.
• On Wednesday, August 20th, Sanjit Biswas sold 57,177 shares of Samsara stock. The shares were sold at an average price of $32.58, for a total transaction of $1,862,826.66.
• On Tuesday, August 19th, Sanjit Biswas sold 102,823 shares of Samsara stock. The shares were sold at an average price of $33.44, for a total value of $3,438,401.12.
• On Wednesday, August 6th, Sanjit Biswas sold 27,602 shares of Samsara stock. The shares were sold at an average price of $36.20, for a total transaction of $999,192.40.
• On Tuesday, August 5th, Sanjit Biswas sold 132,398 shares of Samsara stock. The stock was sold at an average price of $36.23, for a total value of $4,796,779.54.

Samsara Stock Performance

Shares of NYSE:IOT opened at $38.68 on Friday. The business’s fifty day moving average price is $37.49 and its two-hundred day moving average price is $39.21. The stock has a market cap of $22.19 billion, a PE ratio of -241.73 and a beta of 1.60. Samsara Inc. has a one year low of $31.40 and a one year high of $61.90.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $391.48 million during the quarter, compared to the consensus estimate of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. As a group, equities research analysts predict that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Samsara

Several institutional investors have recently bought and sold shares of the business. Vident Advisory LLC raised its stake in shares of Samsara by 66.2% in the 1st quarter. Vident Advisory LLC now owns 14,282 shares of the company’s stock valued at $547,000 after acquiring an additional 5,691 shares during the period. Teacher Retirement System of Texas acquired a new stake in Samsara in the 1st quarter valued at $1,457,000. Ontario Teachers Pension Plan Board raised its position in Samsara by 213.4% in the first quarter. Ontario Teachers Pension Plan Board now owns 19,121 shares of the company’s stock valued at $733,000 after purchasing an additional 13,020 shares during the period. Avantax Advisory Services Inc. acquired a new position in shares of Samsara during the first quarter worth about $357,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Samsara by 18.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,229,773 shares of the company’s stock worth $85,467,000 after buying an additional 352,829 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on IOT shares. Piper Sandler upped their target price on Samsara from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Craig Hallum raised shares of Samsara from a “hold” rating to a “buy” rating and raised their target price for the stock from $42.00 to $48.00 in a research report on Friday, September 5th. Evercore ISI set a $50.00 price target on shares of Samsara and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Wall Street Zen downgraded shares of Samsara from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, BMO Capital Markets lowered their price objective on shares of Samsara from $54.00 to $47.00 and set an “outperform” rating for the company in a research note on Friday, September 5th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $49.55.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.