Samsara (NYSE:IOT) Given New $48.00 Price Target at Piper Sandler

Key Points

• Piper Sandler has raised its target price for Samsara (NYSE:IOT) from $47.00 to $48.00, signaling a potential upside of 33.44% from the stock's previous close.
• Samsara reported a quarterly earnings per share (EPS) of $0.12, exceeding estimates and showing a 30.4% year-over-year revenue growth.
• Despite positive earnings and analyst ratings, significant insider selling has occurred, with over 2.9 million shares sold recently, indicating cautious sentiment among insiders.

Samsara (NYSE:IOT - Get Free Report) had its price objective upped by Piper Sandler from $47.00 to $48.00 in a report released on Friday, MarketBeat.com reports. The brokerage currently has an "overweight" rating on the stock. Piper Sandler's price target points to a potential upside of 24.10% from the company's previous close.

IOT has been the subject of a number of other reports. Truist Financial decreased their price target on shares of Samsara from $42.00 to $35.00 and set a "hold" rating for the company in a research note on Monday, August 25th. Wells Fargo & Company upped their target price on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Wall Street Zen cut Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Zacks Research lowered Samsara from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Finally, BMO Capital Markets increased their price objective on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, June 2nd. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.38.

Samsara Stock Performance

IOT stock traded down $2.85 on Friday, reaching $38.68. The company's stock had a trading volume of 16,425,709 shares, compared to its average volume of 4,934,732. The firm has a market cap of $22.02 billion, a PE ratio of -241.75 and a beta of 1.61. The business has a fifty day simple moving average of $36.70 and a two-hundred day simple moving average of $39.68. Samsara has a 12-month low of $31.40 and a 12-month high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.80%. The business had revenue of $391.48 million during the quarter, compared to analyst estimates of $372.22 million. During the same period in the prior year, the business earned $0.05 EPS. The company'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. As a group, research analysts anticipate that Samsara will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Samsara

In other Samsara news, insider Sanjit Biswas sold 160,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $39.58, for a total transaction of $6,332,800.00. Following the completion of the sale, the insider directly owned 78,000 shares in the company, valued at approximately $3,087,240. This trade represents a 67.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Bicket sold 170,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $39.42, for a total transaction of $6,701,400.00. Following the sale, the insider directly owned 367,642 shares of the company's stock, valued at $14,492,447.64. This trade represents a 31.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,093,221 shares of company stock valued at $77,400,931 over the last 90 days. Corporate insiders own 46.49% of the company's stock.

Institutional Investors Weigh In On Samsara

Several institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. raised its position in Samsara by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock worth $1,352,186,000 after buying an additional 2,348,101 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Samsara by 18.3% during the second quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company's stock valued at $1,106,012,000 after purchasing an additional 4,307,755 shares during the last quarter. Sands Capital Management LLC lifted its position in Samsara by 17.2% during the second quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company's stock valued at $766,808,000 after purchasing an additional 2,833,049 shares during the period. Jennison Associates LLC boosted its holdings in Samsara by 1,881.8% in the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock worth $450,881,000 after purchasing an additional 11,169,571 shares during the last quarter. Finally, State Street Corp grew its position in Samsara by 107.8% in the 2nd quarter. State Street Corp now owns 5,611,956 shares of the company's stock worth $223,244,000 after purchasing an additional 2,910,916 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.