Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Samsara Inc. (NYSE: IOT), a technology company with impressive 30% year-over-year revenue growth and strong gross margins of 77%, saw its Executive Vice President and Chief Financial Officer Dominic Phillips sell 17,793 shares of Class A Common Stock on September 5, 2025, according to a recent SEC filing. The sales, executed under a pre-arranged 10b5-1 trading plan, fetched a total of $740,074.
The shares were sold in multiple transactions within a price range of $39.32 to $42.67. Specifically, 200 shares were sold at a weighted average price of $39.41, 6,291 shares at $41.0378, 9,902 shares at $41.8606 and 1,400 shares at $42.5143.
Following the reported transactions, Phillips directly owns 793,735 shares of Samsara Inc. Class A Common Stock. He also indirectly owns 1,061,816 shares through The Phillips Family Trust. For deeper insights into insider trading patterns and 10+ additional ProTips, check out the comprehensive research available on InvestingPro.
In other recent news, Samsara Inc. has reported strong financial performance that has led to several adjustments in stock price targets by various firms. The company exceeded its revenue and operating margin guidance, with annual recurring revenue (ARR) growing by 29.8% year-over-year to $1.640 billion, surpassing the consensus estimate of $1.624 billion. Morgan Stanley raised its price target for Samsara to $53, highlighting the company’s accelerated growth. Truist Securities increased its target to $39, noting the company’s double-digit ARR growth. Piper Sandler also raised its target to $48, citing re-acceleration in Net New Annual Recurring Revenue (NNARR) that exceeded expectations. TD Cowen adjusted its target to $49, pointing to Samsara’s impressive rebound quarter after overcoming tariff-related disruptions. Additionally, William Blair reiterated an Outperform rating, attributing this to the company’s accelerated net new ARR momentum and sustained operating performance. These developments reflect a positive outlook from analysts regarding Samsara’s recent achievements.
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