Marc Andreessen Sells 567,827 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 567,827 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $34.09, for a total transaction of $19,357,222.43. Following the completion of the sale, the director owned 3,945,147 shares in the company, valued at $134,490,061.23. This represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Samsara Price Performance

NYSE IOT opened at $32.16 on Friday. The firm has a market capitalization of $18.68 billion, a price-to-earnings ratio of 321.63, a P/E/G ratio of 7.63 and a beta of 1.34. The company’s fifty day moving average is $30.82 and its two-hundred day moving average is $32.34. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47.

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

Institutional Trading of Samsara

Several institutional investors have recently made changes to their positions in IOT. Baillie Gifford & Co. boosted its position 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 acquiring an additional 6,208,553 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in 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 purchasing an additional 4,401,082 shares during the last quarter. Norges Bank bought a new position in Samsara during the 4th quarter valued at about $127,415,000. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 3,417,849 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in 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 purchasing an additional 3,322,023 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on IOT shares. Truist Financial decreased their price target on shares of Samsara from $39.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, February 17th. Royal Bank Of Canada raised their price target on shares of Samsara from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Jefferies Financial Group upgraded shares of Samsara to a “buy” rating in a research report on Thursday. The Goldman Sachs Group set a $45.00 price target on shares of Samsara in a research report on Monday, March 2nd. Finally, KeyCorp raised their price target on shares of Samsara from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Samsara presently has an average rating of “Moderate Buy” and an average price target of $46.53.

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.