Samsara (NYSE:IOT) Given New $55.00 Price Target at Bank of America

Samsara (NYSE:IOT) had its price objective lifted by Bank of America from $53.00 to $55.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price objective points to a potential upside of 35.04% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Craig Hallum raised shares of Samsara from a “hold” rating to a “buy” rating and increased their price target for the company from $42.00 to $48.00 in a report on Friday, September 5th. Royal Bank Of Canada upped their target price on Samsara from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Samsara in a report on Wednesday, October 8th. Finally, BMO Capital Markets lifted their target price on Samsara from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Samsara presently has a consensus rating of “Hold” and a consensus price target of $49.36.

Samsara Price Performance

Shares of Samsara stock opened at $40.73 on Friday. The business has a fifty day simple moving average of $38.31 and a two-hundred day simple moving average of $38.83. Samsara has a 1 year low of $31.40 and a 1 year high of $61.90. The company has a market capitalization of $23.36 billion, a price-to-earnings ratio of -254.56 and a beta of 1.61.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $415.98 million for the quarter, compared to analyst estimates of $398.92 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The company’s revenue was up 29.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. As a group, equities analysts anticipate that Samsara will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In related news, insider John Bicket sold 24,162 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $38.15, for a total transaction of $921,780.30. Following the completion of the sale, the insider owned 218,173 shares of the company’s stock, valued at $8,323,299.95. This represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Adam Eltoukhy sold 4,767 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $36.04, for a total transaction of $171,802.68. Following the sale, the insider owned 302,698 shares in the company, valued at $10,909,235.92. The trade was a 1.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,730,107 shares of company stock worth $143,045,198. 46.49% of the stock is currently owned by company insiders.

Institutional Trading of Samsara

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new position in Samsara in the second quarter valued at approximately $28,000. Versant Capital Management Inc boosted its holdings in shares of Samsara by 6,078.6% in the 3rd quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock valued at $32,000 after purchasing an additional 851 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Samsara by 519.6% in the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock valued at $40,000 after purchasing an additional 873 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new position in shares of Samsara in the 2nd quarter valued at $40,000. Finally, Whipplewood Advisors LLC raised its holdings in shares of Samsara by 349.8% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,093 shares of the company’s stock worth $43,000 after buying an additional 850 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

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.