Samsara Inc. (NYSE:IOT) Receives $52.44 Consensus Price Target from Analysts

Samsara Inc. (NYSE:IOT) has been assigned an average rating of “Moderate Buy” from the twenty-one research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $52.4444.

IOT has been the subject of several research reports. Evercore restated an “outperform” rating and issued a $55.00 price target on shares of Samsara in a research note on Friday, September 4th. Craig Hallum reiterated a “buy” rating and issued a $54.00 price objective on shares of Samsara in a research note on Friday, September 4th. BMO Capital Markets boosted their price objective on Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. BTIG Research boosted their price objective on Samsara from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Finally, Wall Street Zen upgraded shares of Samsara from a “hold” rating to a “buy” rating in a research note on Saturday.

Samsara Price Performance

NYSE IOT opened at $38.38 on Friday. The company has a market cap of $22.37 billion, a P/E ratio of 239.89, a P/E/G ratio of 9.45 and a beta of 1.35. The stock has a 50-day moving average of $38.27 and a two-hundred day moving average of $33.65. Samsara has a 1-year low of $23.38 and a 1-year high of $47.47.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The business’s quarterly revenue was up 29.9% on a year-over-year basis. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. On average, analysts anticipate that Samsara will post 0.13 EPS for the current fiscal year.

Insider Activity

In related news, CEO Sanjit Biswas sold 35,366 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $39.43, for a total value of $1,394,481.38. Following the transaction, the chief executive officer owned 935,671 shares of the company’s stock, valued at $36,893,507.53. This represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dominic Phillips sold 11,710 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $44.25, for a total value of $518,167.50. Following the completion of the sale, the insider owned 836,100 shares in the company, valued at approximately $36,997,425. This represents a 1.38% decrease in their ownership of the stock. 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. Insiders have sold a total of 2,231,755 shares of company stock valued at $84,241,961 over the last quarter. Company insiders own 35.13% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Tidal Investments LLC raised its position in shares of Samsara by 347.6% during the 2nd quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock worth $2,339,000 after acquiring an additional 56,016 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Samsara in the second quarter valued at approximately $671,000. RFG Advisory LLC increased its stake in Samsara by 1.9% in the second quarter. RFG Advisory LLC now owns 111,482 shares of the company’s stock valued at $3,615,000 after purchasing an additional 2,117 shares during the last quarter. IFP Advisors Inc increased its stake in Samsara by 63.1% in the second quarter. IFP Advisors Inc now owns 3,589 shares of the company’s stock valued at $116,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in Samsara by 6.8% during the second quarter. Arizona State Retirement System now owns 100,349 shares of the company’s stock worth $3,254,000 after purchasing an additional 6,356 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.