Samsara (NYSE:IOT) Downgraded by Zacks Research to Hold

Zacks Research cut shares of Samsara (NYSE:IOT) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks.com reports.

A number of other analysts have also recently commented on IOT. The Goldman Sachs Group set a $45.00 target price on shares of Samsara in a research note on Monday, March 2nd. Truist Financial decreased their price target on shares of Samsara from $39.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, February 17th. Royal Bank Of Canada lifted their price objective on Samsara from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Samsara in a research note on Thursday, January 22nd. Finally, BNP Paribas Exane raised Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.18.

Samsara Stock Up 5.3%

Shares of IOT stock traded up $1.53 during trading hours on Tuesday, hitting $30.45. 842,215 shares of the company’s stock were exchanged, compared to its average volume of 7,660,038. Samsara has a fifty-two week low of $23.38 and a fifty-two week high of $48.40. The firm has a market cap of $17.68 billion, a P/E ratio of -1,521.44, a P/E/G ratio of 11.17 and a beta of 1.29. The firm has a 50 day moving average of $30.52 and a two-hundred day moving average of $33.54.

Samsara (NYSE:IOT) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The firm had revenue of $444.30 million for the quarter, compared to analysts’ expectations of $422.29 million. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.72%. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. On average, equities analysts forecast that Samsara will post 0.06 earnings per share for the current fiscal year.

Insider Activity

In related news, insider John Bicket sold 263,900 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $25.87, for a total transaction of $6,827,093.00. Following the completion of the sale, the insider owned 57,600 shares of the company’s stock, valued at approximately $1,490,112. This represents a 82.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sanjit Biswas sold 263,900 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $25.87, for a total transaction of $6,827,093.00. Following the completion of the sale, the insider owned 57,600 shares of the company’s stock, valued at approximately $1,490,112. The trade was a 82.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 2,188,539 shares of company stock worth $62,320,764. Insiders own 46.49% of the company’s stock.

Institutional Investors Weigh In On Samsara

A number of large investors have recently made changes to their positions in IOT. Acumen Wealth Advisors LLC purchased a new position in Samsara during the fourth quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its holdings in Samsara by 312.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after buying an additional 669 shares in the last quarter. Versant Capital Management Inc grew its holdings in 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 buying an additional 851 shares in the last quarter. AlphaCentric Advisors LLC acquired a new stake in shares of Samsara in the 4th quarter worth $36,000. Finally, Optiver Holding B.V. increased its stake in shares of Samsara by 953.2% in the 3rd quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock worth $44,000 after acquiring an additional 1,058 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Company Profile

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.