Samsara (NYSE:IOT) Given New $53.00 Price Target at Morgan Stanley

Key Points

• Morgan Stanley has raised its price target for Samsara (NYSE:IOT) from $50.00 to $53.00, indicating a potential upside of 25.72% from the stock's previous close.
• Insider transactions included John Bicket and Sanjit Biswas selling significant shares of Samsara, with insiders collectively selling 2.91 million shares worth over $111 million in the last three months.
• Consensus among analysts rates Samsara as a Moderate Buy, with a price target averaging $49.38, reflecting optimism amidst varying target prices from different research firms.

Samsara (NYSE:IOT - Get Free Report) had its price target increased by research analysts at Morgan Stanley from $50.00 to $53.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price objective indicates a potential upside of 25.72% from the stock's previous close.

A number of other research firms have also commented on IOT. Evercore ISI set a $45.00 price objective on Samsara in a research note on Wednesday, June 25th. Royal Bank Of Canada increased their price objective on Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday. Wells Fargo & Company increased their target price on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Piper Sandler increased their target price on Samsara from $47.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, BMO Capital Markets reduced their target price on Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research report on Friday. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Samsara has a consensus rating of "Moderate Buy" and a consensus price target of $49.38.

Samsara Stock Performance

Samsara stock opened at $42.16 on Monday. The firm has a market capitalization of $24.00 billion, a price-to-earnings ratio of -263.49 and a beta of 1.61. Samsara has a fifty-two week low of $31.40 and a fifty-two week high of $61.90. The stock's fifty day moving average is $36.67 and its two-hundred day moving average is $39.76.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The business had revenue of $391.48 million for the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative return on equity of 7.80% and a negative net margin of 6.16%.The business's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, sell-side analysts forecast that Samsara will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider John Bicket sold 40,320 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $35.61, for a total value of $1,435,795.20. Following the completion of the sale, the insider directly owned 984,347 shares in the company, valued at approximately $35,052,596.67. The trade was a 3.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sanjit Biswas sold 30,145 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $35.57, for a total value of $1,072,257.65. Following the transaction, the insider owned 597,902 shares of the company's stock, valued at $21,267,374.14. This represents a 4.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,910,783 shares of company stock worth $111,188,818 in the last three months. 46.49% of the stock is owned by insiders.

Institutional Investors Weigh In On Samsara

A number of institutional investors and hedge funds have recently modified their holdings of IOT. Keystone Financial Group Inc. raised its position in shares of Samsara by 300.0% during the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after purchasing an additional 450 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Samsara during the second quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Samsara in the first quarter valued at about $31,000. Fourth Dimension Wealth LLC purchased a new position in Samsara in the fourth quarter valued at about $38,000. Finally, CWM LLC boosted its stake in shares of Samsara by 385.3% during the 1st quarter. CWM LLC now owns 1,053 shares of the company's stock worth $40,000 after acquiring an additional 836 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

About Samsara

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.

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