Samsara Inc. (NYSE:IOT) Stock Has Consensus Price Target of $52.05

Key Points

• Analysts maintain a favorable outlook: Samsara has a “Moderate Buy” consensus from 22 analysts, with an average 12-month price target of $52.05 versus its reported share price of $38.24.
• Quarterly results exceeded expectations: The company reported $0.20 in EPS and $508.44 million in revenue, surpassing estimates of $0.16 EPS and $483.29 million in revenue. Revenue increased 29.9% year over year.
• Insiders have been selling shares: Company insiders sold 2.21 million shares worth approximately $83.5 million over the past 90 days, including substantial sales by CEO Sanjit Biswas and insider John Bicket under pre-arranged trading plans.

Samsara Inc. (NYSE:IOT - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty-two research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $52.05.

A number of equities analysts have recently weighed in on the company. BMO Capital Markets increased their target price on Samsara from $44.00 to $54.00 and gave the stock an "outperform" rating in a research note on Friday, September 4th. Guggenheim boosted their price target on Samsara from $45.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, September 4th. Piper Sandler reaffirmed a "neutral" rating and issued a $46.00 price objective (up from $40.00) on shares of Samsara in a report on Friday, September 4th. Royal Bank Of Canada increased their price objective on Samsara from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. Finally, KeyCorp lifted their target price on Samsara from $46.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, September 4th.

Insider Transactions at Samsara

In other Samsara news, CEO Sanjit Biswas sold 244,805 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $36.77, for a total transaction of $9,001,479.85. Following the transaction, the chief executive officer owned 94,000 shares in the company, valued at $3,456,380. This represents a 72.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 245,925 shares of the firm's stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total transaction of $9,042,662.25. Following the transaction, the insider directly owned 94,000 shares in the company, valued at $3,456,380. This represents a 72.35% 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. Over the last ninety days, insiders have sold 2,205,820 shares of company stock worth $83,534,716. 35.13% of the stock is owned by insiders.

Institutional Investors Weigh In On Samsara

Several institutional investors have recently made changes to their positions in IOT. Cim LLC lifted its position in Samsara by 1.3% during the first quarter. Cim LLC now owns 34,505 shares of the company's stock worth $1,093,000 after purchasing an additional 455 shares during the period. Lido Advisors LLC increased its holdings in Samsara by 1.4% in the 1st quarter. Lido Advisors LLC now owns 40,044 shares of the company's stock valued at $1,269,000 after buying an additional 534 shares during the period. Moran Wealth Management LLC increased its holdings in Samsara by 7.3% in the 1st quarter. Moran Wealth Management LLC now owns 8,291 shares of the company's stock valued at $263,000 after buying an additional 562 shares during the period. TrueMark Investments LLC raised its position in shares of Samsara by 1.4% in the 1st quarter. TrueMark Investments LLC now owns 44,724 shares of the company's stock valued at $1,417,000 after buying an additional 630 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Samsara by 91.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company's stock valued at $45,000 after buying an additional 656 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Samsara Trading Up 0.7%

IOT opened at $38.24 on Thursday. Samsara has a 1-year low of $23.38 and a 1-year high of $47.47. The stock's fifty day simple moving average is $38.94 and its 200 day simple moving average is $34.54. The stock has a market cap of $22.39 billion, a PE ratio of 239.01, a price-to-earnings-growth ratio of 9.32 and a beta of 1.35.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $508.44 million during the quarter, compared to analysts' expectations of $483.29 million. During the same period in the previous year, the business posted $0.12 earnings per share. The company's revenue for the quarter 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 analysts forecast that Samsara will post 0.13 earnings per share for the current year.

Samsara Company Profile

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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