Samsara Inc. (IOT) - What Are Researchers Saying About This Stock?

Key Points

• Analysts remain broadly positive: Twenty-two brokerages give Samsara a consensus “Moderate Buy” rating, with an average 12-month price target of $51.68.
• Quarterly results exceeded expectations: Samsara reported $0.20 in EPS versus the $0.16 consensus estimate and revenue of $508.44 million, up 29.9% year over year.
• Insiders have been selling shares: Company insiders sold 2.23 million shares worth approximately $88.2 million over the past 90 days, while institutional investors own 96.02% of the stock.

Samsara Inc. (NYSE:IOT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-two brokerages that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $51.68.

A number of equities analysts recently weighed in on IOT shares. TD Cowen increased their price target on Samsara from $48.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, September 4th. Cantor Fitzgerald began coverage on Samsara in a report on Monday, September 14th. They set an "overweight" rating and a $45.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of Samsara from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Friday, September 4th. Jefferies Financial Group started coverage on shares of Samsara in a report on Sunday, October 4th. They issued a "buy" rating and a $50.00 target price for the company. Finally, Piper Sandler reiterated a "neutral" rating and issued a $46.00 target price (up from $40.00) on shares of Samsara in a report on Friday, September 4th.

Samsara Stock Performance

Shares of NYSE:IOT opened at $44.94 on Monday. The company has a market capitalization of $26.32 billion, a PE ratio of 280.86, a price-to-earnings-growth ratio of 11.03 and a beta of 1.35. The stock has a fifty day moving average of $40.23 and a 200-day moving average of $35.68. Samsara has a one year low of $23.38 and a one year high of $47.47.

Samsara (NYSE:IOT - Get Free Report) last issued its earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping 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 company's quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. 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, research analysts forecast that Samsara will post 0.13 EPS for the current fiscal year.

Insider Activity at Samsara

In other Samsara news, CAO Benjamin Kirchhoff sold 770 shares of Samsara stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $39.79, for a total transaction of $30,638.30. Following the transaction, the chief accounting officer directly owned 148,151 shares in the company, valued at approximately $5,894,928.29. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 65,402 shares of the business's stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $42.27, for a total transaction of $2,764,542.54. Following the sale, the chief executive officer directly owned 669,835 shares in the company, valued at approximately $28,313,925.45. This trade represents a 8.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 2,230,461 shares of company stock worth $88,183,681. 35.13% of the stock is owned by corporate insiders.

Institutional Trading of Samsara

Several hedge funds and other institutional investors have recently modified their holdings of the business. Markowski Investments acquired a new position in Samsara during the second quarter valued at $37,000. Parkside Financial Bank & Trust boosted its position in Samsara by 91.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company's stock worth $45,000 after acquiring an additional 656 shares during the period. Anchor Investment Management LLC acquired a new stake in Samsara during the 2nd quarter worth about $46,000. Westwind Capital purchased a new position in Samsara during the 3rd quarter valued at about $64,000. Finally, CX Institutional purchased a new position in Samsara during the 2nd quarter valued at about $64,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Samsara Company Profile

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

The company's products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.

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