Samsara (IOT) CEO Sanjit Biswas Sells 2,070,755 Shares

Sanjit Biswas, the CEO of Samsara Inc. (NYSE: IOT), made headlines by selling 2,070,755 shares of the company on June 16, 2026. This insider transaction did not involve a planned sale, and the shares were sold at a time when the stock was trading around $31.6.

Insider Buying and Selling at Samsara Inc.

On June 16, 2026, Sanjit Biswas, Samsara's CEO, offloaded 2,070,755 shares. This move was not part of a pre-planned trading program. On the same day, John Bicket, listed under "See Remarks," also made several transactions, both purchasing and selling shares.

Other Institutional Activity in Samsara Inc.

Among other institutional investors, Baillie Gifford & Co increased their holdings by 9,863,279 shares, bringing their total to 57,523,792 shares valued at about $1.82 billion. Price T Rowe Associates Inc. significantly boosted its position by 22,225,020 shares, ending with 36,595,047 shares worth approximately $1.16 billion. FMR LLC also added 7,578,434 shares to hold a total of 23,774,108 shares valued at $753.4 million. Conversely, BlackRock, Inc. reduced its stake by 2,721,609 shares, bringing its total down to 22,331,219 shares, valued at $707.7 million.

Samsara Inc. Stock Down 25.8%

Samsara Inc.'s stock is currently trading near $31.6. The company boasts a market capitalization of approximately $18.41 billion. It has a high P/E ratio of 316, reflecting significant growth expectations, and a forward P/E of 35.32. Samsara's beta is 1.339, indicating moderate volatility. The stock's 52-week range is between $23.38 and $47.47, with a 50-day moving average of $30.88 and a 200-day moving average of $34.09.

Recent Earnings

Samsara Inc. reported revenue of $1.73 billion, showing a growth rate of 30.5%. The company achieved a net margin of 3.32% and a return on equity of 4.36%. Its earnings per share stand at $0.10. Samsara is scheduled to announce its next earnings on September 3, 2026.

Analysts Set New Price Targets

On June 5, 2026, Piper Sandler reiterated its "buy" rating with a price target of $40. RBC Capital maintained its "buy" rating with a $42 target, while Wells Fargo kept its "buy" rating with a $50 target. Overall, the consensus among 19 analysts is a "buy" recommendation, with an average price target of $44.11.

About Samsara Inc.

Samsara Inc. is a technology company that specializes in connecting physical operations data through its Connected Operations Platform. The platform integrates data from IoT devices and other sources, providing applications for video-based safety, telematics, and site visibility. Headquartered in San Francisco, California, and led by CEO Sanjit Biswas, Samsara serves various industries, including transportation, construction, and logistics.

Bottom Line

Sanjit Biswas's recent sale of Samsara Inc. shares adds to the ongoing insider activity at the company. While the stock is trading at $31.6, analysts remain optimistic, maintaining "buy" ratings with targets reaching up to $50. As always, it's important to remember that insider sales and institutional activity are just pieces of the broader investment puzzle.