Samsara (NYSE:IOT) Now Covered by KeyCorp

KeyCorp assumed coverage on shares of Samsara (NYSE:IOT) in a report published on Tuesday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $55.00 target price on the stock.

Other analysts have also recently issued reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Samsara in a report on Wednesday, October 8th. Evercore ISI set a $50.00 price target on Samsara and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. TD Cowen upped their price objective on shares of Samsara from $49.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Bank of America upped their price target on shares of Samsara from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Finally, Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Samsara presently has an average rating of “Moderate Buy” and an average target price of $50.85.

Samsara Stock Performance

Shares of NYSE:IOT opened at $44.26 on Tuesday. Samsara has a 52-week low of $31.40 and a 52-week high of $61.90. The company has a market capitalization of $25.39 billion, a P/E ratio of -553.21 and a beta of 1.61. The company has a 50-day simple moving average of $38.72 and a 200 day simple moving average of $38.68.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11). Samsara had a negative return on equity of 3.61% and a negative net margin of 2.79%.The business had revenue of $415.98 million for the quarter, compared to analyst estimates of $398.92 million. During the same period last year, the firm earned $0.07 EPS. Samsara’s quarterly revenue was up 29.2% compared to the same quarter last year. 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 forecast that Samsara will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Dominic Phillips sold 18,348 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $46.09, for a total transaction of $845,659.32. Following the completion of the transaction, the insider directly owned 683,425 shares in the company, valued at $31,499,058.25. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Eltoukhy sold 4,767 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $36.04, for a total transaction of $171,802.68. Following the transaction, the insider owned 302,698 shares of the company’s stock, valued at approximately $10,909,235.92. The trade was a 1.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,141,806 shares of company stock valued at $81,962,750. Company insiders own 46.49% of the company’s stock.

Institutional Investors Weigh In On Samsara

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Samsara by 6.9% in the third quarter. Vanguard Group Inc. now owns 29,716,700 shares of the company’s stock valued at $1,106,947,000 after buying an additional 1,913,474 shares during the period. Sands Capital Management LLC raised its position in shares of Samsara by 6.4% during the third quarter. Sands Capital Management LLC now owns 20,518,332 shares of the company’s stock worth $764,308,000 after purchasing an additional 1,242,122 shares during the period. 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 valued at $223,244,000 after purchasing an additional 2,910,916 shares during the period. Geode Capital Management LLC increased its stake in Samsara by 65.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,877,254 shares of the company’s stock valued at $193,387,000 after purchasing an additional 1,931,870 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Samsara by 20.1% during the first quarter. Invesco Ltd. now owns 4,174,153 shares of the company’s stock worth $159,995,000 after buying an additional 697,208 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.