Bank of America just raised its EUR/USD forecast
Lara Caimi, the former President of Worldwide Field Operations at Samsara Inc. (NYSE:IOT), a company currently valued at $20.15 billion with impressive gross profit margins of 76%, recently divested shares of the company’s Class A common stock. According to InvestingPro data, the stock has shown significant volatility lately, with a 12.8% decline in the past week. According to a Form 4 filing with the Securities and Exchange Commission, Caimi sold a total of 5,567 shares on March 10, 2025. The sales were executed at prices ranging from $33.03 to $35.925 per share, amounting to approximately $189,524.
These transactions were conducted to cover tax withholding obligations related to the settlement of restricted stock units (RSUs). Following the sales, Caimi now holds 925,436 shares of Samsara’s Class A common stock.
In other recent news, Samsara Inc. reported robust financial results, with a 36% adjusted growth in the fourth quarter and a revenue beat of approximately 3.5%, attributed to substantial deal-making with both new and existing customers. The company also provided guidance for fiscal year 2026, predicting a 23-24% constant currency growth, aligning with analysts’ expectations. In a strategic move, Samsara formed a 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. Analyst firms have also adjusted their outlooks for Samsara. Piper Sandler upgraded Samsara’s stock to Overweight with a price target of $50, citing the company’s potential for over 20% growth and its increasing market share in core fleet management. Meanwhile, TD Cowen maintained a Buy rating but reduced the price target to $51, reflecting confidence in Samsara’s business model and market position. RBC Capital Markets also lowered the price target to $54 from $64, maintaining an Outperform rating, while Truist Securities reduced it to $42 from $50, maintaining a Hold rating. These adjustments reflect varying perspectives on Samsara’s financial performance and future growth prospects.
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