Samsara (NYSE:IOT) Given Sell (D-) Rating at Weiss Ratings

Samsara (NYSE:IOT - Get Free Report)'s stock had its "sell (d-)" rating reiterated by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other equities analysts also recently issued reports on IOT. Morgan Stanley lifted their price objective on Samsara from $50.00 to $53.00 and gave the company an "equal weight" rating in a research report on Monday, September 8th. Zacks Research cut Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Evercore ISI set a $50.00 price target on Samsara and gave the company an "outperform" rating in a report on Wednesday, October 1st. Royal Bank Of Canada upped their target price on shares of Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. Finally, Wall Street Zen downgraded shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $50.08.

Samsara Price Performance

Shares of NYSE IOT opened at $40.27 on Wednesday. The business's fifty day moving average price is $36.82 and its two-hundred day moving average price is $39.25. The firm has a market capitalization of $23.10 billion, a PE ratio of -251.69 and a beta of 1.60. Samsara has a 1-year low of $31.40 and a 1-year high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last announced its 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 return on equity of 7.53% and a negative net margin of 6.16%.Samsara's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the previous 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. Equities research analysts expect that Samsara will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Samsara news, 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 stock was sold at an average price of $38.55, for a total transaction of $30,582,910.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sanjit Biswas sold 133,410 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $38.97, for a total transaction of $5,198,987.70. Following the completion of the transaction, the insider owned 42,000 shares of the company's stock, valued at approximately $1,636,740. The trade was a 76.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,404,679 shares of company stock worth $127,610,275 in the last 90 days. 46.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Samsara

Several large investors have recently added to or reduced their stakes in the company. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of Samsara by 0.5% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 54,000 shares of the company's stock worth $2,070,000 after acquiring an additional 250 shares during the period. Nemes Rush Group LLC raised its position in shares of Samsara by 7.8% during the 1st 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 in the last quarter. Empowered Funds LLC boosted its holdings in shares of Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company's stock worth $390,000 after purchasing an additional 335 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Samsara by 13.1% in the first quarter. Advisors Asset Management Inc. now owns 3,022 shares of the company's stock valued at $116,000 after acquiring an additional 351 shares during the period. Finally, Kieckhefer Group LLC boosted its position in shares of Samsara by 1.2% during the second quarter. Kieckhefer Group LLC now owns 30,870 shares of the company's stock valued at $1,228,000 after buying an additional 370 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

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.

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