Samsara (NYSE:IOT) Insider Sells $742,686.23 in Stock

Samsara Inc. (NYSE:IOT – Get Free Report) insider Dominic Phillips sold 17,909 shares of Samsara stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $41.47, for a total transaction of $742,686.23. Following the completion of the sale, the insider directly owned 1,006,530 shares in the company, valued at approximately $41,740,799.10. The trade was a 1.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dominic Phillips also recently made the following trade(s):

  • On Monday, November 2nd, Dominic Phillips sold 11,710 shares of Samsara stock. The stock was sold at an average price of $41.47, for a total transaction of $485,613.70.
  • On Thursday, October 1st, Dominic Phillips sold 17,908 shares of Samsara stock. The stock was sold at an average price of $38.97, for a total transaction of $697,874.76.
  • On Thursday, October 1st, Dominic Phillips sold 12,064 shares of Samsara stock. The shares were sold at an average price of $38.97, for a total transaction of $470,134.08.
  • On Friday, September 4th, Dominic Phillips sold 17,909 shares of Samsara stock. The shares were sold at an average price of $44.25, for a total transaction of $792,473.25.
  • On Friday, September 4th, Dominic Phillips sold 11,710 shares of Samsara stock. The shares were sold at an average price of $44.25, for a total value of $518,167.50.

Samsara Price Performance

NYSE IOT traded up $1.72 on Wednesday, hitting $42.83. 4,041,128 shares of the company’s stock were exchanged, compared to its average volume of 6,593,125. The firm’s 50-day moving average price is $40.64 and its two-hundred day moving average price is $34.38. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The firm has a market cap of $25.08 billion, a price-to-earnings ratio of 267.69, a P/E/G ratio of 10.29 and a beta of 1.33.

Samsara (NYSE:IOT – Get Free Report) last issued 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 business had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, research analysts predict that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Samsara

A number of institutional investors and hedge funds have recently modified their holdings of IOT. Apollon Wealth Management LLC grew its holdings in shares of Samsara by 0.7% during the third quarter. Apollon Wealth Management LLC now owns 34,924 shares of the company’s stock worth $1,332,000 after buying an additional 257 shares in the last quarter. Cim LLC raised its position in shares of Samsara by 1.3% in the first quarter. Cim LLC now owns 34,505 shares of the company’s stock valued at $1,093,000 after buying an additional 455 shares during the last quarter. Lido Advisors LLC raised its position in shares of Samsara by 1.4% in the first quarter. Lido Advisors LLC now owns 40,044 shares of the company’s stock valued at $1,269,000 after buying an additional 534 shares during the last quarter. Moran Wealth Management LLC lifted its stake in shares of Samsara by 7.3% during the first quarter. Moran Wealth Management LLC now owns 8,291 shares of the company’s stock valued at $263,000 after buying an additional 562 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Samsara by 22.4% during the third quarter. GAMMA Investing LLC now owns 3,502 shares of the company’s stock valued at $134,000 after buying an additional 640 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IOT. Wells Fargo & Company raised their target price on Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Bank of America upped their price target on shares of Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. BNP Paribas Exane upped their price target on shares of Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Morgan Stanley increased their price target on shares of Samsara from $43.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, September 4th. Finally, Weiss Ratings upgraded shares of Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a research note 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.68.

View Our Latest Report on IOT

Samsara Company Profile

(Get Free Report)

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.

See Also

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

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