Samsara (NYSE:IOT) Shares Gap Down – Here’s What Happened

Samsara Inc. (NYSE:IOT) shares gapped down prior to trading on Monday . The stock had previously closed at $40.88, but opened at $39.12. Samsara shares last traded at $39.5550, with a volume of 645,164 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on IOT shares. TD Cowen reissued a “buy” rating and set a $45.00 price objective on shares of Samsara in a research note on Thursday, June 25th. Weiss Ratings upgraded Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, June 15th. Jefferies Financial Group upgraded Samsara to a “buy” rating in a report on Thursday, June 11th. Piper Sandler downgraded Samsara from an “overweight” rating to a “neutral” rating and set a $40.00 price target for the company. in a research report on Sunday. Finally, Morgan Stanley set a $43.00 price objective on shares of Samsara in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.33.

Samsara Stock Up 1.1%

The company’s 50 day simple moving average is $35.21 and its 200-day simple moving average is $31.78. The firm has a market cap of $23.48 billion, a P/E ratio of 402.97, a P/E/G ratio of 8.95 and a beta of 1.34.

Samsara (NYSE:IOT) last released its earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The firm had revenue of $478.84 million for the quarter, compared to analysts’ expectations of $455.21 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 30.5% on a year-over-year basis. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. Equities research analysts predict that Samsara Inc. will post 0.15 EPS for the current year.

Insider Buying and Selling at Samsara

In other Samsara news, CEO Sanjit Biswas sold 244,805 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total value of $9,001,479.85. Following the sale, the chief executive officer owned 94,000 shares in the company, valued at $3,456,380. This trade represents a 72.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 245,925 shares of Samsara stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total value of $9,042,662.25. Following the sale, the insider owned 94,000 shares of the company’s stock, valued at approximately $3,456,380. This trade represents a 72.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,476,767 shares of company stock valued at $154,220,562 in the last quarter. 35.13% of the stock is owned by insiders.

Institutional Investors Weigh In On Samsara

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IOT. Vanguard Group Inc. grew its stake in Samsara by 11.5% in the 4th quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock worth $1,174,620,000 after acquiring an additional 3,417,849 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Samsara by 58.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after acquiring an additional 4,401,082 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Samsara by 42.1% during the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after acquiring an additional 3,322,023 shares in the last quarter. State Street Corp boosted its holdings in shares of Samsara by 15.8% in the fourth quarter. State Street Corp now owns 6,920,219 shares of the company’s stock valued at $245,322,000 after purchasing an additional 944,485 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Samsara by 97.1% in the fourth quarter. Wellington Management Group LLP now owns 6,269,398 shares of the company’s stock valued at $222,250,000 after purchasing an additional 3,088,299 shares during the period. Institutional investors own 96.02% of the company’s stock.

About Samsara

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.