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SAN FRANCISCO—John Bicket, the Executive Vice President and Chief Technology Officer of Samsara Inc. (NYSE:IOT), recently sold a significant portion of his holdings in the company. According to a recent filing with the Securities and Exchange Commission, Bicket sold shares totaling approximately $7.5 million on March 4 and March 5, 2025. The stock, currently trading at $41.88, has shown strong momentum with a 31% return over the past year, though InvestingPro analysis suggests the shares are currently overvalued.
The sales were conducted in two main tranches. The first set of transactions, amounting to approximately $6.05 million, saw shares sold at prices ranging from $43.62 to $45.19. The second tranche, totaling around $1.45 million, involved sales at prices between $43.59 and $45.18. These transactions were executed under a pre-arranged trading plan established on September 30, 2024.
Following these sales, Bicket’s remaining stake in Samsara stands at 815,559 shares. The sales were made through the Bicket Revocable Trust and the Bicket-Dobson Trust, over which Bicket holds investment power.
Samsara Inc., a technology company specializing in computer integrated systems design, is headquartered in San Francisco, California.
In other recent news, Samsara Inc. reported its fourth-quarter earnings, surpassing analysts’ expectations. The company posted an adjusted earnings per share of $0.11, exceeding the anticipated $0.07. Revenue for the quarter reached $346.3 million, which was above the consensus forecast of $335.35 million and marked a 25% increase from the previous year. However, the company’s guidance for the upcoming quarter and fiscal year 2026 did not meet investor expectations. Samsara anticipates first-quarter earnings per share between $0.05 and $0.06, aligning with analysts’ estimates, and revenue between $350 million and $352 million, which is close to the $351.3 million consensus. For fiscal year 2026, the company projects earnings per share of $0.32 to $0.34, above the $0.28 consensus, but its revenue guidance of $1.523 billion to $1.533 billion was slightly below the midpoint of analysts’ expectations of $1.528 billion. The company also reported an annual recurring revenue of $1.458 billion, up 32% year-over-year, with 2,506 customers generating over $100,000 in ARR. Despite the strong earnings, the guidance led to a negative investor reaction.
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