Samsara (NYSE:IOT) Upgraded at Jefferies Financial Group

Key Points

• Jefferies upgraded Samsara to “strong buy,” adding to an overall “moderate buy” consensus. The average analyst price target is $51.68, with several firms recently raising their targets.
• Samsara reported quarterly EPS of $0.20 versus the $0.16 consensus estimate, while revenue reached $508.44 million, up 29.9% year over year and above expectations.
• The stock opened at $42.46, up 3.3%, while insiders sold approximately $86.6 million of shares over the past three months; institutional investors own 96.02% of the company.

Samsara (NYSE:IOT - Get Free Report) was upgraded by stock analysts at Jefferies Financial Group to a "strong-buy" rating in a research report issued to clients and investors on Sunday, Zacks reports.

Several other brokerages also recently commented on IOT. Wells Fargo & Company raised their price objective on shares of Samsara from $50.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, September 4th. TD Cowen upped their target price on shares of Samsara from $48.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, September 4th. Guggenheim increased their price target on Samsara from $45.00 to $51.00 and gave the stock a "buy" rating in a research note on Friday, September 4th. Weiss Ratings cut Samsara from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, September 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Samsara from $48.00 to $52.00 and gave the company a "neutral" rating in a research report on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Samsara currently has an average rating of "Moderate Buy" and an average price target of $51.68.

Samsara Trading Up 3.3%

Shares of NYSE:IOT opened at $42.46 on Friday. The stock has a 50 day moving average of $39.41 and a 200 day moving average of $34.72. The company has a market cap of $24.86 billion, a PE ratio of 265.37, a price-to-earnings-growth ratio of 10.10 and a beta of 1.35. Samsara has a 12-month low of $23.38 and a 12-month high of $47.47.

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

Insider Buying and Selling at Samsara

In other Samsara news, insider John Bicket sold 202,548 shares of the business's stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $36.81, for a total value of $7,455,791.88. Following the sale, the insider owned 83,400 shares in the company, valued at $3,069,954. The trade was a 70.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 202,617 shares of the stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $36.81, for a total transaction of $7,458,331.77. Following the transaction, the chief executive officer directly owned 83,400 shares of the company's stock, valued at $3,069,954. This trade represents a 70.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,269,209 shares of company stock worth $86,597,738 in the last three months. Insiders own 35.13% of the company's stock.

Institutional Investors Weigh In On Samsara

Several large investors have recently made changes to their positions in the company. Brown Advisory Inc. lifted its holdings in Samsara by 42.1% during the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company's stock worth $397,536,000 after buying an additional 3,322,023 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Samsara in the 2nd quarter valued at $35,702,000. USS Investment Management Ltd bought a new position in shares of Samsara in the 1st quarter worth $28,232,000. Wellington Management Group LLP raised its position in shares of Samsara by 9.6% in the 2nd quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company's stock worth $302,494,000 after acquiring an additional 813,922 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Samsara by 41.5% during the 1st quarter. Bank of America Corp DE now owns 2,710,202 shares of the company's stock worth $85,886,000 after purchasing an additional 794,255 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

About Samsara

Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.

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