Bank of America just raised its EUR/USD forecast
James Andrew Munk, the Chief Accounting Officer of Samsara Inc. (NYSE:IOT), recently sold shares of the company’s Class A common stock. According to a filing with the Securities and Exchange Commission, Munk disposed of a total of 941 shares on March 10, 2025, generating approximately $32,067. The shares were sold at prices ranging from $33.49 to $35.48. The transaction occurred as the $20.15 billion market cap company’s stock has experienced significant volatility, declining nearly 13% over the past week. InvestingPro analysis indicates the stock is currently trading above its Fair Value.
These transactions were conducted to cover tax withholding obligations related to the settlement of restricted stock units (RSUs). After these sales, Munk retains direct ownership of 177,494 shares. Additionally, Munk holds indirect ownership of 106,482 shares through the Munk Family 1999 Trust. The company maintains impressive gross profit margins of 76%. InvestingPro subscribers have access to 12 additional key insights about Samsara’s financial health and valuation metrics.
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%, attributed to significant deals with both new and existing customers. The company has provided guidance for fiscal year 2026, projecting a 23-24% constant currency growth and a free cash flow margin of around 9%. RBC Capital Markets noted a 33% increase in Annual Recurring Revenue, with Samsara’s revenue rising by 25%, scaling to 36% in constant currency after adjusting for an extra week in the reporting period. Despite positive financial outcomes, Truist Securities adjusted its price target for Samsara to $42, maintaining a Hold rating, citing concerns over potentially more challenging comparisons in fiscal year 2026.
In another development, Samsara has formed a strategic partnership with Hyundai (OTC:HYMTF) Translead to deliver a factory-installed trailer monitoring system aimed at improving safety and operational efficiency for North American fleets. Piper Sandler upgraded Samsara’s stock rating to Overweight, setting a price target of $50, highlighting the company’s potential to maintain over 20% growth and its increasing market share in core fleet management. TD Cowen also maintained a positive outlook on Samsara, despite reducing the price target to $51, emphasizing the company’s robust fourth-quarter results and significant deal-making. These developments indicate Samsara’s continued growth and strategic positioning in the market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.