Samsara Inc. (NYSE:IOT – Get Free Report) insider John Bicket sold 113,664 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $43.38, for a total transaction of $4,930,744.32. Following the completion of the sale, the insider owned 30,400 shares in the company, valued at $1,318,752. The trade was a 78.90% decrease in their ownership of the stock. The transaction was disclosed in a filing 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.
John Bicket also recently made the following trade(s):
- On Thursday, October 29th, John Bicket sold 42,507 shares of Samsara stock. The stock was sold at an average price of $41.58, for a total transaction of $1,767,441.06.
- On Wednesday, October 28th, John Bicket sold 107,729 shares of Samsara stock. The stock was sold at an average price of $42.97, for a total transaction of $4,629,115.13.
- On Thursday, October 15th, John Bicket sold 65,209 shares of Samsara stock. The shares were sold at an average price of $42.27, for a total value of $2,756,384.43.
- On Wednesday, October 14th, John Bicket sold 103,206 shares of Samsara stock. The shares were sold at an average price of $41.14, for a total value of $4,245,894.84.
- On Tuesday, October 13th, John Bicket sold 95,485 shares of Samsara stock. The stock was sold at an average price of $41.87, for a total value of $3,997,956.95.
- On Thursday, October 1st, John Bicket sold 20,523 shares of Samsara stock. The stock was sold at an average price of $38.83, for a total value of $796,908.09.
- On Wednesday, September 30th, John Bicket sold 84,950 shares of Samsara stock. The stock was sold at an average price of $38.40, for a total transaction of $3,262,080.00.
- On Tuesday, September 29th, John Bicket sold 158,427 shares of Samsara stock. The stock was sold at an average price of $37.73, for a total transaction of $5,977,450.71.
- On Thursday, August 20th, John Bicket sold 34,557 shares of Samsara stock. The stock was sold at an average price of $39.44, for a total value of $1,362,928.08.
- On Wednesday, August 19th, John Bicket sold 93,365 shares of Samsara stock. The shares were sold at an average price of $39.93, for a total value of $3,728,064.45.
Samsara Trading Down 3.5%
Samsara stock traded down $1.50 during trading hours on Thursday, reaching $41.51. 4,524,182 shares of the company were exchanged, compared to its average volume of 6,644,581. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47. The stock has a 50-day moving average of $40.48 and a 200 day moving average of $34.22. The firm has a market cap of $24.31 billion, a price-to-earnings ratio of 259.41, a PEG ratio of 11.03 and a beta of 1.35.
Samsara (NYSE:IOT – Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $508.44 million during the quarter, compared to analysts’ expectations of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. Samsara’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the previous year, the company earned $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. As a group, research analysts forecast that Samsara Inc. will post 0.13 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on IOT. BTIG Research raised their price objective on Samsara from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Wells Fargo & Company upped their target price on shares of Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Piper Sandler reiterated a “neutral” rating and set a $46.00 target price (up from $40.00) on shares of Samsara in a report on Friday, September 4th. Guggenheim raised their price target on shares of Samsara from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Finally, Weiss Ratings raised shares of Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.68.
View Our Latest Analysis on Samsara
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Markowski Investments acquired a new position in shares of Samsara during the second quarter worth $37,000. Parkside Financial Bank & Trust increased its position in Samsara by 91.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock valued at $45,000 after purchasing an additional 656 shares during the period. Anchor Investment Management LLC bought a new position in Samsara during the second quarter worth $46,000. Westwind Capital acquired a new position in shares of Samsara in the 3rd quarter valued at about $64,000. Finally, CX Institutional bought a new position in shares of Samsara during the 2nd quarter worth approximately $64,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.
Samsara Company Profile
Samsara, Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its Samsara Connected Operations Cloud combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, facilities and frontline operations.
The company’s products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.
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