Samsara (NYSE:IOT) Price Target Lowered to $35.00 at Truist Financial

Key Points

• Truist Financial has lowered its price target for Samsara from $42.00 to $35.00, maintaining a "hold" rating, suggesting a potential downside of 0.17% from the current stock price.
• While Truist has lowered its target, other analysts have set higher targets; for instance, Wells Fargo raised its target to $50.00 with an "overweight" rating.
• Samsara's stock has seen significant activity, including insider sales totaling over $115 million in the past ninety days, and currently, institutional investors own 96.02% of the company's stock.

Samsara (NYSE:IOT - Get Free Report) had its target price lowered by Truist Financial from $42.00 to $35.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Truist Financial's target price would suggest a potential downside of 0.17% from the stock's current price.

A number of other analysts also recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Piper Sandler reissued an "overweight" rating and set a $47.00 target price (down from $53.00) on shares of Samsara in a research note on Thursday, August 7th. BMO Capital Markets increased their target price on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a research note on Monday, June 2nd. Zacks Research cut Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Wall Street Zen cut Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Samsara currently has a consensus rating of "Hold" and a consensus price target of $49.71.

Samsara Stock Performance

Samsara stock traded up $0.2690 during trading hours on Monday, reaching $35.0590. 712,386 shares of the company's stock traded hands, compared to its average volume of 4,636,633. Samsara has a fifty-two week low of $31.40 and a fifty-two week high of $61.90. The firm has a market capitalization of $19.96 billion, a price-to-earnings ratio of -159.20 and a beta of 1.62. The firm's 50 day moving average is $37.27 and its 200-day moving average is $41.21.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. The business had revenue of $366.88 million for the quarter, compared to the consensus estimate of $351.44 million. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. Samsara's revenue for the quarter was up 30.7% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS. Samsara has set its FY 2026 guidance at 0.390-0.410 EPS. Q2 2026 guidance at 0.060-0.070 EPS. Analysts predict that Samsara will post -0.3 EPS for the current year.

Insider Activity

In related news, major shareholder Parallel Fund Iv L.P. Ah sold 399,026 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total transaction of $16,491,744.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John Bicket sold 170,000 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $39.42, for a total transaction of $6,701,400.00. Following the transaction, the insider owned 367,642 shares in the company, valued at approximately $14,492,447.64. The trade was a 31.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,931,317 shares of company stock valued at $115,635,442 in the last ninety days. Corporate insiders own 46.49% of the company's stock.

Institutional Investors Weigh In On Samsara

Several hedge funds have recently bought and sold shares of IOT. Brighton Jones LLC acquired a new stake in Samsara in the 4th quarter valued at about $13,464,000. Envestnet Asset Management Inc. lifted its stake in Samsara by 44.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 48,549 shares of the company's stock valued at $2,121,000 after purchasing an additional 15,039 shares during the last quarter. Raymond James Financial Inc. bought a new position in Samsara during the fourth quarter worth $2,634,000. Guggenheim Capital LLC bought a new position in Samsara during the fourth quarter worth $294,000. Finally, NewEdge Advisors LLC boosted its position in Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after purchasing an additional 414 shares during the period. 96.02% of the stock is currently 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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