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Dominic Phillips, Executive Vice President and Chief Financial Officer of Samsara Inc. (NYSE:IOT), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Phillips sold a total of 21,157 shares of Class A Common Stock on April 1, 2025, realizing approximately $811,728. The shares were sold at prices ranging from $38.0923 to $38.5975 each. The transaction comes as Samsara, currently valued at $22.09 billion, demonstrates strong revenue growth of 33% and impressive gross margins of 76%.
Following these transactions, Phillips now directly owns 638,642 shares of Samsara’s Class A Common Stock. Additionally, there are 1,102,884 shares held indirectly through the Phillips Family Trust. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with recent price volatility and a -15% return over the past six months. The sales were conducted under a Rule 10b5-1 trading plan, which allows executives to set up a predetermined plan to sell stocks, providing a way to avoid potential accusations of insider trading. For deeper insights into Samsara’s valuation and 12 additional ProTips, visit InvestingPro.
In other recent news, Samsara Inc. reported robust financial results, highlighting a 36% adjusted growth in the fourth quarter and a revenue beat of approximately 3.5%, driven by significant deal-making with both new and existing customers. The company projects a 23-24% growth for fiscal year 2026, aligning with market expectations. Samsara’s annual recurring revenue increased by 32.3% year-over-year, surpassing the consensus estimate, although the net new ARR growth showed a slight slowdown. Piper Sandler upgraded Samsara’s stock rating from Neutral to Overweight, setting a price target of $50, citing the company’s potential to maintain over 20% growth and its insulation from market volatility. Meanwhile, TD Cowen reduced its price target to $51 but maintained a Buy rating, emphasizing Samsara’s strategic customer engagements and consistent financial performance. RBC Capital also adjusted its price target to $54, maintaining an Outperform rating, and noted the company’s strong growth in the enterprise sector. Truist Securities lowered its price target to $42 while keeping a Hold rating, expressing caution about future comparisons despite acknowledging Samsara’s strong performance. Additionally, Samsara announced a strategic partnership with Hyundai (OTC:HYMTF) Translead to enhance trailer safety and operational efficiency for North American fleets.
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