Samsara (NYSE:IOT) Stock Price Up 7.2% – Here’s Why

Samsara Inc. (NYSE:IOT) shares rose 7.2% during mid-day trading on Thursday . The stock traded as high as $31.30 and last traded at $31.59. Approximately 308,181 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 7,263,970 shares. The stock had previously closed at $29.47.

Samsara News Roundup

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Samsara said it earned the No. 1 spot in 23 Summer 2026 G2 Grid Reports, more than any other fleet technology brand. Because the rankings are based on verified customer reviews, the news supports the company’s competitive position and may boost confidence in future demand. Article Title
• Positive Sentiment: The latest coverage highlights Samsara’s momentum and leadership across fleet management, asset tracking, and maintenance software, reinforcing its growth narrative with customers and analysts. Article Title
• Neutral Sentiment: Several insider sales were disclosed, including transactions by co-founder Sanjit Biswas and John Bicket. The trades were made under pre-arranged 10b5-1 plans, which makes them less concerning than discretionary selling, but the sheer size may still weigh on sentiment. Article Title
• Negative Sentiment: The volume of insider selling was substantial, with Biswas and Bicket sharply reducing their holdings, which can create near-term pressure if investors view it as a sign shares have run ahead of fundamentals. Article Title

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IOT. BTIG Research lowered their price objective on shares of Samsara from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday, March 6th. Wells Fargo & Company increased their target price on shares of Samsara from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, March 6th. BMO Capital Markets lifted their target price on shares of Samsara from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. The Goldman Sachs Group set a $45.00 price target on shares of Samsara in a research report on Monday, March 2nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Samsara in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.18.

Samsara Stock Up 11.3%

The company has a market capitalization of $20.41 billion, a PE ratio of -1,756.77, a price-to-earnings-growth ratio of 9.39 and a beta of 1.29. The stock’s fifty day moving average price is $30.28 and its two-hundred day moving average price is $32.55.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 0.72% and a negative net margin of 0.56%.The business’s revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 earnings per share. 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 research analysts forecast that Samsara Inc. will post 0.08 EPS for the current year.

Insider Buying and Selling

In other news, insider John Bicket sold 168,227 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $28.58, for a total value of $4,807,927.66. Following the sale, the insider directly owned 15,200 shares of the company’s stock, valued at $434,416. This represents a 91.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjit Biswas sold 168,272 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $28.58, for a total transaction of $4,809,213.76. Following the completion of the sale, the insider owned 15,200 shares in the company, valued at approximately $434,416. This trade represents a 91.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,717,947 shares of company stock worth $79,747,111 in the last quarter. Company insiders own 35.13% of the company’s stock.

Institutional Investors Weigh In On Samsara

A number of institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. grew its position in Samsara by 15.0% during the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock valued at $1,689,565,000 after purchasing an additional 6,208,553 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Samsara by 58.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock worth $421,079,000 after purchasing an additional 4,401,082 shares during the last quarter. Norges Bank bought a new stake in Samsara during the fourth quarter valued at approximately $127,415,000. Vanguard Group Inc. grew its position in shares of Samsara by 11.5% during the 4th quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after acquiring an additional 3,417,849 shares during the period. Finally, Brown Advisory Inc. grew its holdings in Samsara by 42.1% during the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after purchasing an additional 3,322,023 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

About Samsara

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.