Samsara (NYSE:IOT) Trading Up 7.6% After Analyst Upgrade

Shares of Samsara Inc. (NYSE:IOT) shot up 7.6% on Monday after Cantor Fitzgerald upgraded the stock to a strong-buy rating. The company traded as high as $40.78 and last traded at $41.2910. Approximately 2,219,241 shares changed hands during trading, a decline of 68% from the average session volume of 6,986,319 shares. The stock had previously closed at $38.38.

A number of other research analysts also recently issued reports on IOT. TD Cowen upped their target price on shares of Samsara from $48.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Piper Sandler reiterated a “neutral” rating and issued a $46.00 target price (up from $40.00) on shares of Samsara in a report on Friday, September 4th. BTIG Research raised their price objective on shares of Samsara from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Craig Hallum reissued a “buy” rating and issued a $54.00 price target on shares of Samsara in a research report on Friday, September 4th. Finally, KeyCorp boosted their price target on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Samsara has a consensus rating of “Moderate Buy” and an average price target of $52.05.

Insider Buying and Selling at Samsara

In other Samsara news, insider John Bicket sold 34,557 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $39.44, for a total transaction of $1,362,928.08. Following the completion of the sale, the insider directly owned 1,134,795 shares in the company, valued at $44,756,314.80. This represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Eltoukhy sold 6,876 shares of Samsara stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $39.82, for a total value of $273,802.32. Following the completion of the transaction, the insider owned 425,080 shares in the company, valued at approximately $16,926,685.60. This represents a 1.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 2,219,206 shares of company stock valued at $83,821,258. Company insiders own 35.13% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Markowski Investments purchased a new stake in shares of Samsara during the second quarter worth about $37,000. Parkside Financial Bank & Trust raised its holdings in shares of Samsara by 91.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock valued at $45,000 after acquiring an additional 656 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Samsara during the second quarter valued at approximately $46,000. CX Institutional purchased a new stake in Samsara in the second quarter worth $64,000. Finally, Leonteq Securities AG bought a new stake in shares of Samsara during the 4th quarter valued at about $76,000. Institutional investors own 96.02% of the company’s stock.

Samsara Stock Down 3.0%

The firm’s 50-day moving average is $38.48 and its 200-day moving average is $33.93. The company has a market cap of $24.25 billion, a PE ratio of 260.14, a PEG ratio of 10.57 and a beta of 1.35.

Samsara (NYSE:IOT) last released its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The company had revenue of $508.44 million during the quarter, compared to analysts’ expectations of $483.29 million. During the same quarter last year, the business posted $0.12 EPS. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. As a group, equities research analysts anticipate that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Samsara Company Profile

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company’s products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.