Samsara Inc. (NYSE:IOT) Stock Has Average Price Target of $52.05

Samsara Inc. (NYSE:IOT) has received an average recommendation of “Moderate Buy” from the twenty-two analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, fifteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $51.68.

Several equities analysts have weighed in on IOT shares. JPMorgan Chase & Co. raised their price target on Samsara from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Guggenheim upped their price objective on Samsara from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, September 4th. KeyCorp increased their price objective on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. TD Cowen lifted their price objective on Samsara from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Finally, BMO Capital Markets boosted their target price on shares of Samsara from $44.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, September 4th.

Samsara Price Performance

Shares of NYSE IOT opened at $42.46 on Thursday. The firm’s 50-day moving average is $39.41 and its two-hundred day moving average is $34.72. The company has a market capitalization of $24.86 billion, a PE ratio of 265.37, a price-to-earnings-growth ratio of 10.10 and a beta of 1.35. Samsara has a 12-month low of $23.38 and a 12-month high of $47.47.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $483.29 million. During the same period last year, the company posted $0.12 EPS. The company’s 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 forecast that Samsara will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Samsara

In related news, CEO Sanjit Biswas sold 21,129 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $38.81, for a total transaction of $820,016.49. Following the transaction, the chief executive officer owned 877,835 shares of the company’s stock, valued at approximately $34,068,776.35. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Eltoukhy sold 7,306 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $39.07, for a total transaction of $285,445.42. Following the sale, the insider owned 381,854 shares in the company, valued at approximately $14,919,035.78. This trade represents a 1.88% 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 quarter, insiders sold 2,269,209 shares of company stock valued at $86,597,738. Corporate insiders own 35.13% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Anchor Investment Management LLC acquired a new stake in shares of Samsara during the second quarter worth $46,000. Tidal Investments LLC increased its stake in Samsara by 347.6% in the second quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock valued at $2,339,000 after purchasing an additional 56,016 shares during the last quarter. Engineers Gate Manager LP purchased a new position in Samsara during the second quarter worth about $671,000. RFG Advisory LLC boosted its stake in Samsara by 1.9% in the 2nd quarter. RFG Advisory LLC now owns 111,482 shares of the company’s stock worth $3,615,000 after buying an additional 2,117 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Samsara by 63.1% in the 2nd quarter. IFP Advisors Inc now owns 3,589 shares of the company’s stock worth $116,000 after buying an additional 1,389 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

About Samsara

Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.