10 Stocks Took a Shocking Nosedive

7. Samsara Inc. (NYSE:IOT)

Samsara ended a two-day rally on Friday, shedding 4.55 percent to close at $45.10 apiece as investors repositioned portfolios following the disposition of a significant stake in the company by none other than its chief executive officer and another shareholder.

In a regulatory filing, Samsara Inc. (NYSE:IOT) announced that its CEO, Biswas Sanjit, sold worth $160,000 of shares in the company on June 3 and 4.

Meanwhile, John Bicket, who owns 10 percent of Samsara Inc. (NYSE:IOT), also disposed of shares worth $170,000 in a series of transactions on June 3 and 4.

In the first quarter of fiscal year 2026, Samsara Inc. (NYSE:IOT) narrowed its net losses by 60.7 percent to $22 million from $56 million in the same period last year.

Revenues rose by 30.69 percent to $366.88 million from $280.7 million year-on-year.

Samsara Inc. (NYSE:IOT) expects to incur higher revenues for the second quarter and full fiscal year of 2026. Revenues were pegged at $371 million to $373 million, while full-year revenues were expected to hit $1.547 billion to $1.555 billion.