Lara Caimi, President, Worldwide Field Operations at Samsara Inc (NYSE:IOT), sold 7,508 shares of the company on September 12, 2024. The transaction was reported in a recent SEC Filing. Following this transaction, the insider now owns 1,093,535 shares of Samsara Inc.

Samsara Inc (NYSE:IOT) is a company that provides solutions integrating hardware, software, and cloud to bring real-time visibility, analytics, and AI to operations. The company serves various industries including transportation, logistics, and construction, aiming to increase safety, efficiency, and sustainability.

Over the past year, Lara Caimi has sold a total of 325,062 shares of Samsara Inc and has not purchased any shares. The insider transaction history for Samsara Inc shows a trend with 177 insider sells and no insider buys over the past year.

On the day of the sale, shares of Samsara Inc were trading at $46.42, giving the company a market cap of approximately $26.39 billion. According to the GF Value, which is an intrinsic value estimate calculated by GuruFocus, the stock is currently significantly overvalued with a price-to-GF-Value ratio of 1.35. The GF Value of $34.46 is derived from historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.

This sale follows a pattern of recent insider transactions at Samsara Inc, where insiders continue to sell shares, suggesting a consistent trend in insider sentiment over the past year.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.