Samsara (NYSE:IOT) Price Target Lowered to $40.00 at KeyCorp

Samsara (NYSE:IOT) had its price target dropped by equities researchers at KeyCorp from $55.00 to $40.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target points to a potential upside of 38.17% from the stock’s previous close.

Other analysts also recently issued reports about the company. Jefferies Financial Group set a $57.00 price target on Samsara in a research note on Wednesday, December 10th. Piper Sandler reaffirmed an “overweight” rating and set a $37.00 price target (down from $49.00) on shares of Samsara in a research note on Friday, February 6th. BNP Paribas Exane raised shares of Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Thursday, January 15th. The Goldman Sachs Group initiated coverage on shares of Samsara in a report on Wednesday, February 11th. They issued a “buy” rating and a $36.00 target price for the company. Finally, BTIG Research started coverage on shares of Samsara in a report on Tuesday, December 16th. They set a “buy” rating and a $55.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Samsara currently has an average rating of “Moderate Buy” and an average target price of $45.13.

Samsara Stock Performance

Shares of NYSE IOT opened at $28.95 on Friday. The stock’s 50-day simple moving average is $31.21 and its 200-day simple moving average is $35.66. The firm has a market capitalization of $16.70 billion, a PE ratio of -361.88 and a beta of 1.61. Samsara has a fifty-two week low of $23.38 and a fifty-two week high of $51.01.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11). The firm had revenue of $415.98 million during the quarter, compared to analyst estimates of $398.92 million. Samsara had a negative net margin of 2.79% and a negative return on equity of 3.49%. The firm’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same period last year, the company 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. On average, sell-side analysts forecast that Samsara will post -0.3 earnings per share for the current fiscal year.

Insider Transactions at Samsara

In other news, insider John Bicket sold 263,900 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $34.40, for a total transaction of $9,078,160.00. Following the sale, the insider owned 89,400 shares of the company’s stock, valued at $3,075,360. This trade represents a 74.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sanjit Biswas sold 263,900 shares of Samsara stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $34.40, for a total value of $9,078,160.00. Following the completion of the transaction, the insider directly owned 89,400 shares of the company’s stock, valued at $3,075,360. This represents a 74.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,253,463 shares of company stock worth $105,384,810. Company insiders own 46.49% of the company’s stock.

Hedge Funds Weigh In On Samsara

Several institutional investors and hedge funds have recently made changes to their positions in the business. Acumen Wealth Advisors LLC purchased a new position in Samsara during the fourth quarter valued at $28,000. Versant Capital Management Inc boosted its holdings in Samsara by 6,078.6% during the 3rd quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock valued at $32,000 after acquiring an additional 851 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Samsara by 312.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after buying an additional 669 shares during the period. AlphaCentric Advisors LLC purchased a new position in shares of Samsara during the fourth quarter valued at $36,000. Finally, Allworth Financial LP increased its position in Samsara by 906.9% during the 2nd quarter. Allworth Financial LP now owns 1,168 shares of the company’s stock valued at $46,000 after purchasing an additional 1,052 shares during the period. Institutional investors own 96.02% of the company’s stock.

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.