Functional Brands closes $8 million private placement and completes Nasdaq listing
Samsara Inc. NASDAQ:IOT Executive Vice President and CFO Dominic Phillips, disposed of 8,457 shares of Class A Common Stock on September 10, 2025, for a total value of $322,571. The shares were sold at a weighted average price of $38.1425, with individual sales prices ranging from $37.74 to $38.53. The transaction comes as the company maintains impressive gross profit margins of 77% and shows strong analyst support, with 16 analysts recently revising earnings estimates upward according to InvestingPro data.
Following the transaction, Phillips directly owns 777,181 shares of Samsara Inc. Class A Common Stock. This number reflects the transfer of 8,097 shares to The Phillips Family Trust. Phillips also indirectly owns 1,069,913 shares through The Phillips Family Trust. While the stock has experienced an 8% decline over the past week, InvestingPro analysis reveals the company’s solid financial health with a current ratio of 1.5 and moderate debt levels.
The sales were executed to cover tax withholding obligations related to the settlement of restricted stock units (RSUs). For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks including Samsara Inc.
In other recent news, Samsara Inc. reported strong earnings that exceeded expectations, highlighting significant growth in its annual recurring revenue (ARR). The company achieved a 29.8% year-over-year ARR increase to $1.640 billion, surpassing consensus estimates of $1.624 billion. This robust performance led several financial firms to adjust their price targets for Samsara. Morgan Stanley raised its price target to $53, citing the company’s accelerated growth. Truist Securities increased its target to $39, acknowledging the company’s better-than-expected revenue and operating margin. Piper Sandler also raised its target to $48, noting the re-acceleration in Net New Annual Recurring Revenue (NNARR). Additionally, TD Cowen set a new price target of $49, highlighting Samsara’s rebound after earlier disruptions. William Blair reiterated an Outperform rating, pointing to the company’s sustained operating performance and momentum in net new ARR.
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