Samsara (NYSE:IOT) Stock Rating Upgraded by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald upgraded Samsara to “strong buy.” The broader analyst consensus is “Moderate Buy,” with an average price target of $52.05.
• Samsara reported quarterly adjusted EPS of $0.20, beating estimates by $0.04, while revenue reached $508.44 million—up 29.9% year over year and above expectations.
• The stock opened at $41.62, with a $24.25 billion market capitalization and a notably high P/E ratio of 260.14. Insiders have sold more than $83.8 million of shares in the past 90 days, while institutional investors own 96.02% of the stock.

Samsara (NYSE:IOT - Get Free Report) was upgraded by analysts at Cantor Fitzgerald to a "strong-buy" rating in a note issued to investors on Monday, Zacks reports.

Several other equities analysts have also commented on IOT. Evercore reaffirmed an "outperform" rating and set a $55.00 target price on shares of Samsara in a report on Friday, September 4th. Piper Sandler reaffirmed a "neutral" rating and set a $46.00 price objective (up from $40.00) on shares of Samsara in a research note on Friday, September 4th. Wells Fargo & Company lifted their price objective on Samsara from $50.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, September 4th. Bank of America boosted their target price on Samsara from $47.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, September 4th. Finally, Wolfe Research restated an "outperform" rating on shares of Samsara in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.05.

Samsara Stock Performance

NYSE IOT opened at $41.62 on Monday. Samsara has a 52-week low of $23.38 and a 52-week high of $47.47. The company has a fifty day moving average of $38.48 and a 200-day moving average of $33.93. The company has a market capitalization of $24.25 billion, a P/E ratio of 260.14, a P/E/G ratio of 10.57 and a beta of 1.35.

Samsara (NYSE:IOT - Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The business had revenue of $508.44 million for the quarter, compared to analysts' expectations of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The firm's revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 earnings per share. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. As a group, analysts forecast that Samsara will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Sanjit Biswas sold 244,805 shares of the firm's stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total value of $9,001,479.85. Following the completion of the sale, the chief executive officer owned 94,000 shares of the company's stock, valued at $3,456,380. This trade represents a 72.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 245,925 shares of Samsara stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $36.77, for a total transaction of $9,042,662.25. Following the completion of the sale, the insider owned 94,000 shares in the company, valued at approximately $3,456,380. This trade represents a 72.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 2,219,206 shares of company stock valued at $83,821,258. 35.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Samsara

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its holdings in Samsara by 58.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company's stock worth $421,079,000 after purchasing an additional 4,401,082 shares during the period. Norges Bank purchased a new position in shares of Samsara during the fourth quarter valued at approximately $127,415,000. Brown Advisory Inc. lifted its holdings in shares of Samsara by 42.1% during the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company's stock valued at $397,536,000 after purchasing an additional 3,322,023 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Samsara during the second quarter valued at approximately $35,702,000. Finally, Geode Capital Management LLC boosted its position in shares of Samsara by 17.8% in the 4th quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company's stock worth $219,035,000 after purchasing an additional 935,855 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Samsara Company Profile

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company's products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.

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