Marc Andreessen Sells 575,000 Shares of Samsara (NYSE:IOT) Stock

Samsara Inc. (NYSE:IOT) Director Marc Andreessen sold 575,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $34.12, for a total transaction of $19,619,000.00. Following the completion of the sale, the director owned 3,370,147 shares in the company, valued at approximately $114,989,415.64. This trade represents a 14.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Samsara Stock Performance

Shares of Samsara stock opened at $32.16 on Friday. The firm has a market cap of $18.68 billion, a PE ratio of 321.63, a price-to-earnings-growth ratio of 7.63 and a beta of 1.34. The firm’s 50-day simple moving average is $30.82 and its 200-day simple moving average is $32.34. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business 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 company’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the prior 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, equities analysts predict that Samsara Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IOT has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $45.00 target price on shares of Samsara in a research note on Monday, March 2nd. KeyCorp upped their target price on shares of Samsara from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. UBS Group reiterated a “buy” rating and set a $48.00 price objective on shares of Samsara in a research note on Friday, March 6th. Evercore reiterated an “outperform” rating on shares of Samsara in a research note on Friday, March 6th. Finally, BMO Capital Markets increased their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.53.

Institutional Investors Weigh In On Samsara

Several large investors have recently made changes to their positions in the company. Evolutionary Tree Capital Management LLC bought a new position in shares of Samsara in the first quarter valued at approximately $1,340,000. Bank of America Corp DE boosted its holdings in shares of Samsara by 41.5% in the first quarter. Bank of America Corp DE now owns 2,710,202 shares of the company’s stock valued at $85,886,000 after acquiring an additional 794,255 shares in the last quarter. Cim LLC boosted its holdings 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 acquiring an additional 455 shares in the last quarter. Spyglass Capital Management LLC boosted its holdings in shares of Samsara by 25.5% in the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after acquiring an additional 599,651 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Samsara by 36.5% in the first quarter. Sunbelt Securities Inc. now owns 11,400 shares of the company’s stock valued at $361,000 after acquiring an additional 3,050 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.