Samsara (NYSE:IOT) Director Sells 10,000 Shares

Samsara Inc. (NYSE:IOTGet Free Report) Director Jonathan Chadwick sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $42.09, for a total transaction of $420,900.00. Following the sale, the director owned 51,666 shares of the company’s stock, valued at approximately $2,174,621.94. This represents a 16.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Samsara Price Performance

IOT traded down $0.66 on Thursday, reaching $40.00. 3,605,598 shares of the company traded hands, compared to its average volume of 7,541,922. The company has a market cap of $23.31 billion, a price-to-earnings ratio of 369.64, a PEG ratio of 10.01 and a beta of 1.35. The stock’s 50 day moving average price is $38.56 and its 200-day moving average price is $34.01. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47.

Samsara (NYSE:IOTGet Free Report) last released its earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $508.44 million during 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 revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior 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, equities research analysts forecast that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Samsara

Several institutional investors have recently bought and sold shares of IOT. Markowski Investments bought a new stake in shares of Samsara during the 2nd quarter worth about $37,000. Parkside Financial Bank & Trust raised its stake 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 valued at $45,000 after acquiring an additional 656 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Samsara in the 2nd quarter valued at approximately $46,000. CX Institutional bought a new position in shares of Samsara in the 2nd quarter valued at approximately $64,000. Finally, Leonteq Securities AG acquired a new stake in Samsara in the 4th quarter worth approximately $76,000. 96.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IOT. BMO Capital Markets increased their price objective on Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. BNP Paribas Exane raised their price target on Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Jefferies Financial Group upgraded Samsara to a “buy” rating in a report on Thursday, June 11th. Wells Fargo & Company boosted their price target on Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Finally, Piper Sandler restated a “neutral” rating and issued a $46.00 price objective (up from $40.00) on shares of Samsara in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Samsara presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.05.

Check Out Our Latest Stock Analysis on Samsara

Samsara Company Profile

(Get Free Report)

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company’s products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.

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Insider Buying and Selling by Quarter for Samsara (NYSE:IOT)

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