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Marc Andreessen, a director and significant shareholder of Samsara Inc. (NYSE:IOT), has recently sold a substantial portion of his holdings in the company, according to a recent SEC filing. On March 10, Andreessen sold shares amounting to a total of $10,014,473. The sale comes as Samsara, currently valued at $20.15 billion, has experienced significant volatility, with the stock declining over 17% in the past week.
The transactions involved the sale of Class A Common Stock in multiple tranches, with prices ranging between $34.06 and $34.62 per share. These sales were conducted through entities associated with Andreessen Horowitz, including the Andreessen Horowitz LSV Fund I, L.P. and the AH Parallel Fund V, L.P. According to InvestingPro data, the stock currently trades at $38.02, with impressive gross profit margins of 76% and strong revenue growth of 33% year-over-year.
Following these transactions, Andreessen continues to hold significant stakes in Samsara through various funds, maintaining a robust presence in the company’s shareholder base. InvestingPro analysis reveals additional insights about Samsara’s performance and valuation, with 12 exclusive ProTips available for subscribers, including detailed analysis of the company’s financial health and growth prospects.
In other recent news, Samsara Inc. reported strong financial results, with a 36% adjusted growth in the fourth quarter and a revenue beat of approximately 3.5%. The company’s Annual Recurring Revenue (ARR) increased by 33% in constant currency, reflecting robust performance across various metrics. Samsara’s fiscal year 2026 guidance suggests a 23-24% growth in constant currency, aligning with market expectations. In a strategic move, Samsara has partnered with Hyundai (OTC:HYMTF) Translead to enhance trailer safety through a factory-installed monitoring system, integrating Samsara’s IoT platform with Hyundai’s HT LinkVue system.
Analysts have shown mixed reactions to Samsara’s recent performance. Piper Sandler upgraded the stock to Overweight with a price target of $50, citing the company’s potential for over 20% growth and market share expansion. Conversely, TD Cowen and RBC Capital reduced their price targets to $51 and $54, respectively, while maintaining positive outlooks on the company’s growth and strategic engagements. Truist Securities also adjusted its price target to $42, maintaining a Hold rating due to potential challenges in the upcoming fiscal year.
These developments indicate that Samsara continues to maintain a strong market position, despite varied analyst perspectives on its future performance.
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