Marc Andreessen Sells 613,660 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 613,660 shares of Samsara stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $32.27, for a total value of $19,802,808.20. Following the transaction, the director directly owned 2,256,487 shares in the company, valued at approximately $72,816,835.49. The trade was a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Samsara Trading Up 4.1%

Shares of IOT opened at $33.57 on Friday. The business’s 50-day moving average price is $30.85 and its 200 day moving average price is $32.35. The stock has a market capitalization of $19.50 billion, a P/E ratio of 335.76, a P/E/G ratio of 7.86 and a beta of 1.34. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $478.84 million for the quarter, compared to analysts’ expectations of $455.21 million. Samsara had a return on equity of 2.00% and a net margin of 3.32%.Samsara’s revenue was up 30.5% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. 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 predict that Samsara Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

IOT has been the topic of a number of analyst reports. Evercore reissued an “outperform” rating on shares of Samsara in a research note on Friday, March 6th. TD Cowen reissued a “buy” rating on shares of Samsara in a research note on Friday, May 22nd. Jefferies Financial Group raised Samsara to a “buy” rating in a research note on Thursday. BMO Capital Markets lifted their price target on Samsara from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Finally, BTIG Research reissued a “buy” rating and issued a $45.00 price target on shares of Samsara in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.53.

Institutional Investors Weigh In On Samsara

Institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. lifted its holdings in shares of Samsara by 15.0% during the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock valued at $1,689,565,000 after buying an additional 6,208,553 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Samsara by 58.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after buying an additional 4,401,082 shares during the last quarter. Norges Bank acquired a new stake in shares of Samsara during the 4th quarter valued at about $127,415,000. Vanguard Group Inc. lifted its holdings in shares of Samsara by 11.5% during the 4th quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after buying an additional 3,417,849 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of Samsara by 42.1% during the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after buying an additional 3,322,023 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.