Samsara Inc. (NYSE:IOT) Receives Consensus Rating of "Moderate Buy" from Analysts

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.

Shares of Samsara Inc. (NYSE:IOT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $49.3846.

A number of analysts have issued reports on the stock. Piper Sandler boosted their price target on shares of Samsara from $47.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Truist Financial boosted their price objective on Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a research report on Friday, September 5th. Morgan Stanley boosted their price objective on Samsara from $50.00 to $53.00 and gave the stock an "equal weight" rating in a research report on Monday, September 8th. Royal Bank Of Canada boosted their price objective on Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Finally, Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th.

Insider Buying and Selling

In related news, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total value of $30,582,910.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total value of $30,582,910.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,386,158 shares of company stock valued at $126,976,919. Corporate insiders own 46.49% of the company's stock.

Hedge Funds Weigh In On Samsara

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gerber Kawasaki Wealth & Investment Management boosted its holdings in Samsara by 0.5% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 54,000 shares of the company's stock valued at $2,070,000 after purchasing an additional 250 shares in the last quarter. Nemes Rush Group LLC lifted its stake in Samsara by 7.8% in the first quarter. Nemes Rush Group LLC now owns 3,597 shares of the company's stock valued at $138,000 after buying an additional 260 shares during the last quarter. Tidal Investments LLC lifted its stake in 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 buying an additional 281 shares during the last quarter. Continuum Advisory LLC lifted its stake in Samsara by 32.1% in the fourth quarter. Continuum Advisory LLC now owns 1,161 shares of the company's stock valued at $51,000 after buying an additional 282 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in Samsara by 3.4% in the first quarter. Empowered Funds LLC now owns 10,168 shares of the company's stock valued at $390,000 after buying an additional 335 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Samsara Trading Down 0.2%

IOT traded down $0.10 on Friday, hitting $39.21. The company had a trading volume of 1,243,616 shares, compared to its average volume of 4,985,510. The firm has a market cap of $22.49 billion, a P/E ratio of -244.54 and a beta of 1.61. Samsara has a 1 year low of $31.40 and a 1 year high of $61.90. The company's fifty day moving average price is $36.83 and its 200 day moving average price is $39.22.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. The company had revenue of $391.48 million for the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The business's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, analysts predict 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.