Marc Andreessen Sells 500,000 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 500,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $33.68, for a total value of $16,840,000.00. Following the transaction, the director directly owned 2,870,147 shares of the company’s stock, valued at $96,666,550.96. This trade represents a 14.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Samsara Stock Performance

Samsara stock opened at $33.57 on Friday. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The stock has a market capitalization of $19.50 billion, a P/E ratio of 335.76, a price-to-earnings-growth ratio of 7.86 and a beta of 1.34. The stock has a fifty day moving average of $30.85 and a 200-day moving average of $32.35.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The company had revenue of $478.84 million during the quarter, compared to analysts’ expectations of $455.21 million. During the same quarter in the previous year, the firm earned $0.11 EPS. Samsara’s revenue was up 30.5% on a year-over-year basis. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, research analysts forecast that Samsara Inc. will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On Samsara

A number of institutional investors and hedge funds have recently bought and sold shares of IOT. Acumen Wealth Advisors LLC acquired a new position in Samsara in the 4th quarter worth about $28,000. Caitong International Asset Management Co. Ltd increased its holdings in Samsara by 312.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after purchasing an additional 669 shares in the last quarter. AlphaCentric Advisors LLC acquired a new position in Samsara in the 4th quarter worth about $36,000. Optiver Holding B.V. increased its holdings in Samsara by 953.2% in the 3rd quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock worth $44,000 after purchasing an additional 1,058 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in Samsara by 194.4% in the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock worth $47,000 after purchasing an additional 828 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on IOT. BTIG Research reissued a “buy” rating and set a $45.00 price target on shares of Samsara in a report on Friday, June 5th. BMO Capital Markets boosted their price target on Samsara from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. UBS Group reissued a “buy” rating and set a $48.00 price target on shares of Samsara in a report on Friday, March 6th. Evercore reissued an “outperform” rating on shares of Samsara in a report on Friday, March 6th. Finally, Jefferies Financial Group raised Samsara to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.53.

Samsara Company Profile

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.