Samsara (IOT) CEO Biswas Sanjit Sells $2.8M of Stock

Sanjit Biswas, the Chief Executive Officer of Samsara Inc. (NYSE: IOT), sold 65,402 shares on October 15, 2026, for approximately $2.76 million. This sale was part of a planned trading strategy, which is common among executives to manage their stock holdings responsibly.

Inside Sanjit Biswas's Trade

Biswas's sale was executed at a price of $42.27 per share. This transaction reflects his ongoing management of his investment in the company, which has shown strong revenue growth in recent quarters.

Other Institutional Activity in Samsara

Several other institutional investors have been active in Samsara. Baillie Gifford & Co reduced its stake by 1,167,781 shares, now holding 56,358,374 shares valued at about $2.23 billion. In contrast, Price (T. Rowe) Associates Inc. increased its holdings by 12,098,129 shares, totaling 48,692,589 shares worth approximately $1.93 billion. FMR, LLC also grew its position by 2,631,862 shares, bringing its total to 26,406,588 shares valued at about $1.04 billion. BlackRock Inc. added 1,473,867 shares, holding 23,805,185 shares worth about $942 million. Lastly, Vanguard Portfolio Management LLC increased its stake by 811,789 shares, totaling 17,724,063 shares valued at around $701 million.

Samsara Inc. Stock Down 2.4%

As of October 16, 2026, Samsara shares traded recently around $41.58, which is above the 50-day moving average by about 4.1% and well above the 200-day moving average by 23.0%. However, the stock is about 12.4% below its 52-week high of $47.47. This performance may influence investor sentiment as the company continues to grow.

Recent Earnings

Samsara reported trailing twelve-month revenue of about $1.85 billion, reflecting a year-over-year growth rate of 29.9%. The company has a net margin of 4.9% and a return on equity of 6.4%. The next earnings report is scheduled for December 3, 2026.

Insider Buying and Selling at Samsara Inc.

On October 14, 2026, John Bicket, the Executive Vice President and Chief Technology Officer, sold 103,206 shares for about $4.25 million at an average price of $41.14. On the same day as Biswas's sale, Bicket sold an additional 65,209 shares for approximately $2.76 million at a price of $42.27. Both trades were executed under a planned trading strategy.

Analysts Set New Price Targets

On September 4, 2026, BNP Paribas maintained an 'Outperform' rating with a price target of $55.00, while Piper Sandler reiterated a 'Neutral' rating with a target of $46.00. Truist Securities also maintained a 'Hold' rating with a target of $48.00. Cantor Fitzgerald initiated coverage with an 'Overweight' rating and a target of $45.00, and Jefferies initiated a 'Buy' rating with a target of $50.00. The consensus rating remains a 'buy' with a mean target price of $52.07 from 24 analysts.

About Samsara Inc.

Samsara Inc. provides a connected operations platform that links physical operations data with its software solutions. The company serves various industries by helping them gain insights from their IoT devices and connected assets. This insider transaction comes at a time when Samsara is experiencing significant growth in revenue and market interest.

Bottom Line

Investors should watch for Samsara's next earnings report on December 3, 2026, to gain further insight into the company's performance. Given the recent insider sales, it may be worth monitoring how these trades reflect on investor sentiment and stock performance in the coming weeks.