Samsara (NYSE:IOT) Shares Gap Down on Insider Selling

Samsara Inc. (NYSE:IOT - Get Free Report)'s stock price gapped down before the market opened on Friday after an insider sold shares in the company. The stock had previously closed at $41.88, but opened at $39.00. Samsara shares last traded at $37.64, with a volume of 1,243,579 shares changing hands.

• Top IoT Stocks: Why Samsara and Digi Are Thriving in 2025

Specifically, insider Sanjit Biswas sold 145,392 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $44.27, for a total transaction of $6,436,503.84. Following the completion of the sale, the insider now directly owns 120,000 shares of the company's stock, valued at $5,312,400. This represents a 54.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

IOT has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Samsara from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Loop Capital boosted their target price on shares of Samsara from $46.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Truist Financial upped their price target on Samsara from $40.00 to $50.00 and gave the company a "hold" rating in a research report on Monday, November 18th. Raymond James started coverage on shares of Samsara in a research report on Wednesday, February 26th. They issued a "market perform" rating for the company. Finally, StockNews.com raised shares of Samsara from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Samsara presently has a consensus rating of "Hold" and an average target price of $51.07.

• Samsara Gains on IoT Trends Despite Stock Dip

Get Our Latest Stock Report on IOT

Samsara Price Performance

The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of -78.69 and a beta of 1.63. The firm's fifty day moving average price is $49.21 and its 200-day moving average price is $48.29.

Institutional Trading of Samsara

• Samsara's Surging Momentum Following Earnings Beat

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in Samsara by 77.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company's stock worth $91,000 after acquiring an additional 821 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Samsara by 2.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 78,287 shares of the company's stock worth $3,767,000 after purchasing an additional 2,114 shares during the period. Baillie Gifford & Co. grew its stake in shares of Samsara by 23.4% in the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company's stock worth $1,628,592,000 after purchasing an additional 6,411,178 shares during the last quarter. Rakuten Securities Inc. raised its position in Samsara by 100.4% during the 3rd quarter. Rakuten Securities Inc. now owns 46,903 shares of the company's stock worth $2,257,000 after purchasing an additional 23,495 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Samsara by 4.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 376,283 shares of the company's stock worth $18,107,000 after acquiring an additional 16,528 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.

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