Brokerages Set Samsara Inc. (NYSE:IOT) Price Target at $49.38

Samsara Inc. (NYSE:IOT) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $49.3846.

A number of research analysts have issued reports on IOT shares. Evercore ISI set a $45.00 target price on Samsara in a research note on Wednesday, June 25th. Zacks Research lowered Samsara from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Wall Street Zen downgraded shares of Samsara from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Royal Bank Of Canada upped their price target on shares of Samsara from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Finally, Wells Fargo & Company raised their price objective on shares of Samsara from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, June 6th.

Samsara Stock Performance

Shares of NYSE IOT opened at $38.52 on Friday. Samsara has a 52-week low of $31.40 and a 52-week high of $61.90. The stock has a market cap of $22.10 billion, a P/E ratio of -240.76 and a beta of 1.61. The firm has a 50 day moving average price of $36.83 and a 200 day moving average price of $39.23.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The company had revenue of $391.48 million for the quarter, compared to analysts’ expectations of $372.22 million. During the same period last year, the firm posted $0.05 earnings per share. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. Analysts predict that Samsara will post -0.3 earnings per share for the current fiscal year.

Insider Transactions at Samsara

In other Samsara news, insider John Bicket sold 133,421 shares of Samsara stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $38.97, for a total value of $5,199,416.37. Following the sale, the insider owned 42,000 shares of the company’s stock, valued at $1,636,740. This trade represents a 76.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total value of $30,582,910.05. The disclosure for this sale can be found here. Insiders have sold a total of 3,710,842 shares of company stock worth $139,532,429 in the last 90 days. Company insiders own 46.49% of the company’s stock.

Institutional Trading of Samsara

A number of hedge funds and other institutional investors have recently made changes to their positions in IOT. Keystone Financial Group Inc. boosted its holdings in Samsara by 300.0% during the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company’s stock worth $25,000 after purchasing an additional 450 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Samsara during the 2nd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Samsara during the 1st quarter worth about $31,000. Fourth Dimension Wealth LLC acquired a new position in shares of Samsara during the 4th quarter worth about $38,000. Finally, CWM LLC grew its holdings in shares of Samsara by 385.3% in the 1st quarter. CWM LLC now owns 1,053 shares of the company’s stock valued at $40,000 after acquiring an additional 836 shares in the last quarter. 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.