Samsara Inc. (NYSE:IOT – Get Free Report) CEO Sanjit Biswas sold 202,617 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $36.81, for a total value of $7,458,331.77. Following the completion of the sale, the chief executive officer directly owned 83,400 shares of the company’s stock, valued at $3,069,954. The trade was a 70.84% decrease in their position. The transaction 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.
Sanjit Biswas also recently made the following trade(s):
- On Wednesday, July 22nd, Sanjit Biswas sold 61,283 shares of Samsara stock. The shares were sold at an average price of $33.87, for a total transaction of $2,075,655.21.
- On Wednesday, July 8th, Sanjit Biswas sold 19,095 shares of Samsara stock. The stock was sold at an average price of $35.09, for a total transaction of $670,043.55.
- On Tuesday, July 7th, Sanjit Biswas sold 244,805 shares of Samsara stock. The shares were sold at an average price of $36.77, for a total value of $9,001,479.85.
- On Thursday, May 28th, Sanjit Biswas sold 31,081 shares of Samsara stock. The shares were sold at an average price of $31.21, for a total value of $970,038.01.
- On Wednesday, May 27th, Sanjit Biswas sold 128,159 shares of Samsara stock. The stock was sold at an average price of $30.03, for a total transaction of $3,848,614.77.
- On Tuesday, May 26th, Sanjit Biswas sold 104,660 shares of Samsara stock. The stock was sold at an average price of $31.10, for a total transaction of $3,254,926.00.
- On Wednesday, May 13th, Sanjit Biswas sold 95,628 shares of Samsara stock. The shares were sold at an average price of $27.47, for a total value of $2,626,901.16.
- On Tuesday, May 12th, Sanjit Biswas sold 168,272 shares of Samsara stock. The stock was sold at an average price of $28.58, for a total value of $4,809,213.76.
- On Thursday, April 30th, Sanjit Biswas sold 72,958 shares of Samsara stock. The shares were sold at an average price of $28.49, for a total value of $2,078,573.42.
- On Wednesday, April 29th, Sanjit Biswas sold 87,067 shares of Samsara stock. The shares were sold at an average price of $29.05, for a total value of $2,529,296.35.
Samsara Trading Up 3.5%
Samsara stock opened at $38.82 on Thursday. The firm has a market cap of $22.62 billion, a PE ratio of 388.21, a P/E/G ratio of 8.42 and a beta of 1.35. The stock’s 50 day simple moving average is $34.18 and its two-hundred day simple moving average is $31.46. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47.
Key Stories Impacting Samsara
Here are the key news stories impacting Samsara this week:
- Positive Sentiment: Technical signals turned bullish: Samsara recently reclaimed its 50-day moving average of approximately $34.01 and crossed above its 200-day moving average near $31.43. These widely followed levels may attract momentum investors and support the recent advance. Samsara reclaimed the 50-day moving average Samsara crossed the 200-day moving average
- Positive Sentiment: Fundamentals continue to support the story: Samsara’s latest quarterly results exceeded estimates, with revenue of $478.84 million, up 30.5% year over year, and earnings per share of $0.17 versus the $0.13 consensus. Analysts maintain a “Moderate Buy” consensus and an average price target of $45.33, above the recent trading range.
- Neutral Sentiment: Institutional ownership is substantial: Major investors including Baillie Gifford, Vanguard, Goldman Sachs, Brown Advisory and State Street increased their positions in the latest reported quarter. Institutions collectively own about 96% of IOT shares, which can provide support but may also contribute to volatility if large holders adjust positions.
- Negative Sentiment: Executives reported sizable sales: CEO Sanjit Biswas and insider John Bicket each sold roughly $9.5 million of shares in July 21 transactions, substantially reducing their individual holdings. Both also sold approximately 61,000 shares the following day. Chief Accounting Officer Benjamin Kirchhoff sold $36,192 of stock, while Adam Eltoukhy sold $127,672. All reported transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their value as signals of current management sentiment, but the volume of selling could weigh on investor confidence. Biswas sale filing Bicket and Eltoukhy sale filings
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Acumen Wealth Advisors LLC acquired a new position in shares of Samsara during the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of Samsara by 312.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after acquiring an additional 669 shares in the last quarter. AlphaCentric Advisors LLC purchased a new stake in shares of Samsara during the 4th quarter worth approximately $36,000. IFP Advisors Inc lifted its position in Samsara by 194.4% in the third quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock valued at $47,000 after acquiring an additional 828 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Samsara during the fourth quarter worth about $52,000. 96.02% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have commented on IOT. TD Cowen reissued a “buy” rating and set a $45.00 target price on shares of Samsara in a report on Thursday, June 25th. KeyCorp reissued an “overweight” rating on shares of Samsara in a research note on Friday, June 26th. Piper Sandler restated an “overweight” rating and issued a $40.00 target price (up from $39.00) on shares of Samsara in a report on Friday, June 5th. Guggenheim initiated coverage on shares of Samsara in a report on Wednesday, July 22nd. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Weiss Ratings raised Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.33.
Check Out Our Latest Stock Report on IOT
About Samsara
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.
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