Samsara (NYSE:IOT) Stock Price Down 4.7% – Here’s Why

Samsara Inc. (NYSE:IOT) shares dropped 4.7% on Tuesday . The stock traded as low as $36.68 and last traded at $36.7550. 1,569,647 shares changed hands during trading, a decline of 78% from the average daily volume of 7,159,350 shares. The stock had previously closed at $38.55.

Analyst Upgrades and Downgrades

IOT has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Morgan Stanley set a $43.00 price target on shares of Samsara in a report on Tuesday. Piper Sandler reissued an “overweight” rating and set a $40.00 price objective (up from $39.00) on shares of Samsara in a research note on Friday, June 5th. Jefferies Financial Group upgraded Samsara to a “buy” rating in a research report on Thursday, June 11th. Finally, Weiss Ratings upgraded Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.33.

Samsara Price Performance

The firm has a market cap of $19.45 billion, a PE ratio of 333.79, a price-to-earnings-growth ratio of 8.46 and a beta of 1.35. The company has a 50 day simple moving average of $33.63 and a 200-day simple moving average of $31.44.

Samsara (NYSE:IOT) last released its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $478.84 million during the quarter, compared to analyst estimates of $455.21 million. Samsara had a return on equity of 2.00% and a net margin of 3.32%.Samsara’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, sell-side analysts predict that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Samsara news, insider Adam Eltoukhy sold 3,653 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $37.00, for a total transaction of $135,161.00. Following the transaction, the insider directly owned 425,080 shares of the company’s stock, valued at approximately $15,727,960. The trade was a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Benjamin Louis Kirchhoff sold 2,549 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $33.74, for a total value of $86,003.26. Following the completion of the transaction, the chief accounting officer directly owned 167,269 shares of the company’s stock, valued at $5,643,656.06. This represents a 1.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 4,464,637 shares of company stock valued at $144,511,167 over the last three months. Insiders own 35.13% of the company’s stock.

Institutional Investors Weigh In On Samsara

Hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its stake in shares of Samsara by 43.9% in the second quarter. Assenagon Asset Management S.A. now owns 22,987 shares of the company’s stock worth $745,000 after purchasing an additional 7,015 shares during the last quarter. Archer Investment Management LLC purchased a new stake in shares of Samsara during the second quarter valued at $454,000. Balefire LLC purchased a new stake in shares of Samsara during the second quarter valued at $209,000. Avior Wealth Management LLC increased its holdings in Samsara by 10.3% in the 2nd quarter. Avior Wealth Management LLC now owns 15,956 shares of the company’s stock worth $517,000 after buying an additional 1,494 shares in the last quarter. Finally, CX Institutional bought a new stake in Samsara in the 2nd quarter worth about $64,000. Institutional investors own 96.02% of the company’s stock.

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.