Why Samsara Inc. (IOT) Crashed On Friday

We recently published a list of 10 Stocks Took a Shocking Nosedive. In this article, we are going to take a look at where Samsara Inc. (NYSE:IOT) stands against other Friday’s worst-performing stocks.

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.

Why Samsara Inc. (IOT) Crashed On Friday

A data analyst wearing virtual reality goggles while analyzing on-board telematics.

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.

Overall, IOT ranks 7th on our list of Friday’s worst-performing stocks. While we acknowledge the potential of IOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.