Samsara Inc. (NYSE:IOT) Stock Has Consensus Price Target of $52.05

Samsara Inc. (NYSE:IOT) has received an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, fourteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $51.68.

IOT has been the subject of a number of recent research reports. Evercore reiterated an “outperform” rating and issued a $55.00 target price on shares of Samsara in a research report on Friday, September 4th. BTIG Research boosted their target price on Samsara from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Piper Sandler restated a “neutral” rating and issued a $46.00 price target (up from $40.00) on shares of Samsara in a research report on Friday, September 4th. Morgan Stanley increased their price target on Samsara from $43.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, September 4th. Finally, BNP Paribas Exane boosted their price objective on Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th.

Insider Activity at Samsara

In other news, insider John Bicket sold 20,523 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $38.83, for a total value of $796,908.09. Following the sale, the insider directly owned 977,398 shares of the company’s stock, valued at approximately $37,952,364.34. The trade was a 2.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dominic Phillips sold 12,064 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $38.97, for a total transaction of $470,134.08. Following the completion of the transaction, the insider owned 742,052 shares of the company’s stock, valued at approximately $28,917,766.44. This trade represents a 1.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,232,139 shares of company stock valued at $85,296,592 over the last 90 days. Corporate insiders own 35.13% of the company’s stock.

Hedge Funds Weigh In On Samsara

A number of institutional investors and hedge funds have recently modified their holdings of IOT. Elevation Wealth Partners LLC grew its position in shares of Samsara by 41.3% in the third quarter. Elevation Wealth Partners LLC now owns 2,805 shares of the company’s stock valued at $107,000 after purchasing an additional 820 shares during the last quarter. Juncture Wealth Strategies LLC raised its holdings in shares of Samsara by 14.0% in the third quarter. Juncture Wealth Strategies LLC now owns 15,640 shares of the company’s stock worth $596,000 after acquiring an additional 1,923 shares during the last quarter. Congress Asset Management Co. raised its holdings in shares of Samsara by 3.5% in the third quarter. Congress Asset Management Co. now owns 844,722 shares of the company’s stock worth $32,209,000 after acquiring an additional 28,507 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Samsara in the second quarter valued at $46,000. Finally, Tidal Investments LLC boosted its stake in shares of Samsara by 347.6% during the second quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock valued at $2,339,000 after acquiring an additional 56,016 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Trading Down 2.7%

IOT opened at $40.62 on Thursday. Samsara has a 12-month low of $23.38 and a 12-month high of $47.47. The firm has a market capitalization of $23.78 billion, a PE ratio of 253.85, a P/E/G ratio of 10.25 and a beta of 1.35. The firm has a 50 day moving average of $39.52 and a two-hundred day moving average of $34.83.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. During the same quarter last year, the company earned $0.12 EPS. The business’s revenue was up 29.9% on a year-over-year basis. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. As a group, analysts predict that Samsara will post 0.13 EPS for the current fiscal year.

About Samsara

Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.