Samsara Inc. (NYSE:IOT) Stock Has Average Target Price of $51.68 According to Analysts

Shares of Samsara Inc. (NYSE:IOT) have received an average rating of “Moderate Buy” from the twenty-two analysts that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $51.68.

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised their price target on Samsara from $43.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, September 4th. KeyCorp lifted their price target on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, September 4th. BMO Capital Markets increased their price objective on shares of Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Guggenheim raised their price objective on shares of Samsara from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $46.00 target price (up from $40.00) on shares of Samsara in a research note on Friday, September 4th.

Samsara Stock Down 1.0%

Shares of Samsara stock opened at $43.07 on Monday. Samsara has a 12-month low of $23.38 and a 12-month high of $47.47. The stock has a market capitalization of $25.22 billion, a P/E ratio of 269.20, a PEG ratio of 11.03 and a beta of 1.35. The stock has a 50 day moving average price of $40.48 and a two-hundred day moving average price of $34.22.

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, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $483.29 million. During the same period last year, the business posted $0.12 earnings per share. The firm’s revenue 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. Sell-side analysts anticipate that Samsara will post 0.13 earnings per share for the current year.

Insider Activity at Samsara

In related news, CAO Benjamin Kirchhoff sold 770 shares of the business’s stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $39.79, for a total value of $30,638.30. Following the completion of the transaction, the chief accounting officer owned 148,151 shares in the company, valued at $5,894,928.29. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed 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 stock in a transaction on Monday, October 26th. The shares were sold at an average price of $44.49, for a total value of $325,043.94. Following the completion of the transaction, the insider owned 381,854 shares in the company, valued at $16,988,684.46. The trade was a 1.88% 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 sold 2,237,767 shares of company stock valued at $88,508,725 over the last three months. 35.13% of the stock is owned by company insiders.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Samsara by 9.6% during the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock worth $302,494,000 after acquiring an additional 813,922 shares in the last quarter. Spyglass Capital Management LLC raised its holdings in shares of Samsara by 4.7% during the second quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company’s stock worth $100,068,000 after acquiring an additional 139,009 shares during the period. Bank of America Corp DE lifted its position in Samsara by 41.5% in the 1st quarter. Bank of America Corp DE now owns 2,710,202 shares of the company’s stock valued at $85,886,000 after acquiring an additional 794,255 shares in the last quarter. Bessemer Group Inc. lifted its position in Samsara by 3.3% in the 1st quarter. Bessemer Group Inc. now owns 1,675,509 shares of the company’s stock valued at $53,097,000 after acquiring an additional 53,576 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Samsara by 64.3% in the 1st quarter. First Trust Advisors LP now owns 1,494,291 shares of the company’s stock valued at $47,354,000 after acquiring an additional 584,854 shares in 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 Samsara Connected Operations Cloud combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, facilities and frontline operations.

The company’s products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.