Brokerages Set Samsara Inc. (NYSE:IOT) Price Target at $49.38

Key Points

• Samsara Inc. (NYSE:IOT) has been rated with a consensus of "Moderate Buy" by analysts, with eight firms issuing buy ratings and seven recommending a hold.
• The average price target for Samsara's stock among brokerages is $49.38, reflecting recent upward movements from firms like Wells Fargo and Piper Sandler.
• Institutional investors hold 96.02% of Samsara's stock, with notable increases in holdings from firms like Jennison Associates and Vanguard Group in recent months.

Samsara Inc. (NYSE:IOT - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $49.3846.

Several research firms recently issued reports on IOT. Piper Sandler boosted their target price on shares of Samsara from $47.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Zacks Research lowered shares of Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Truist Financial boosted their price target on shares of Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a report on Friday, September 5th. Craig Hallum raised shares of Samsara from a "hold" rating to a "buy" rating and boosted their price target for the stock from $42.00 to $48.00 in a report on Friday, September 5th. Finally, Morgan Stanley boosted their price target on shares of Samsara from $50.00 to $53.00 and gave the stock an "equal weight" rating in a report on Monday, September 8th.

Insider Buying and Selling at Samsara

In other news, insider Dominic Phillips sold 46,253 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $39.15, for a total transaction of $1,810,804.95. Following the completion of the sale, the insider owned 683,425 shares of the company's stock, valued at $26,756,088.75. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Benjamin Louis Kirchhoff sold 1,772 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $38.13, for a total transaction of $67,566.36. Following the sale, the chief accounting officer directly owned 105,518 shares of the company's stock, valued at $4,023,401.34. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,716,158 shares of company stock valued at $140,011,119. 46.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On Samsara

A number of large investors have recently modified their holdings of IOT. Brighton Jones LLC purchased a new stake in shares of Samsara during the fourth quarter worth $13,464,000. Janus Henderson Group PLC grew its holdings in shares of Samsara by 34.0% in the fourth quarter. Janus Henderson Group PLC now owns 11,320 shares of the company's stock valued at $494,000 after purchasing an additional 2,872 shares during the period. Toronto Dominion Bank grew its holdings in shares of Samsara by 10.9% in the fourth quarter. Toronto Dominion Bank now owns 29,435 shares of the company's stock valued at $1,286,000 after purchasing an additional 2,899 shares during the period. Tidal Investments LLC grew its holdings in shares of Samsara by 4.6% in the fourth quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock valued at $280,000 after purchasing an additional 281 shares during the period. Finally, Vident Advisory LLC grew its holdings in shares of Samsara by 33.6% in the fourth quarter. Vident Advisory LLC now owns 8,591 shares of the company's stock valued at $375,000 after purchasing an additional 2,162 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Samsara Stock Performance

IOT stock traded up $0.24 during trading on Friday, reaching $40.21. The company had a trading volume of 5,937,081 shares, compared to its average volume of 7,533,881. The firm has a 50-day simple moving average of $36.79 and a 200-day simple moving average of $39.20. The company has a market cap of $23.07 billion, a price-to-earnings ratio of -251.31 and a beta of 1.61. Samsara has a twelve month low of $31.40 and a twelve month high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The company had revenue of $391.48 million during the quarter, compared to analysts' expectations of $372.22 million. During the same period last year, the business earned $0.05 EPS. Samsara's revenue for the quarter was up 30.4% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. Sell-side analysts expect that Samsara will post -0.3 earnings per share for the current year.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.