10 Stocks Insiders Are Selling In March

6. Samsara Inc. (NYSE:IOT)

Number of Insiders Selling: 10

Market Capitalization: $21.36 billion

Samsara is a provider of Internet of Things (IoT) solutions. The San Francisco, California-headquartered company provides internet-connected sensor hardware and software solutions for industrial IoT applications and fleet management. Its Connected Operations Cloud enables organizations to integrate and analyze IoT data to advance operational efficiency, safety, and sustainability.

For the fiscal 2025, the company reported revenue of $1.25 billion, compared to $937.39 million in fiscal 2024. Net loss amounted to $154.91 million, compared to net loss of $286.73 million in the same period of the prior year.

Recently, the company announced CTC Manager, a new solution certified by the California Air Resources Board (CARB) to streamline emissions compliance for fleets navigating the state’s regulatory requirements. CTC Manager allows organizations to remotely collect emissions data and automate reporting processes, reducing downtime, administrative overhead, and expenses.

In March, 10 insiders, including the company’s CEO, sold a total of $56.82 million worth of Samsara shares at an average price of $38.46 per share. Currently, the stock trades at $38.06 per share, having declined 12.89% since the beginning of the year. Over the past 12 months, the company shares gained 3%.

According to 14 analysts’ estimates, Samsara is a “Moderate Buy” with an average price target of $51.67, writes TipRanks.