Piper Sandler Forecasts Strong Price Appreciation for Samsara (NYSE:IOT) Stock

Samsara (NYSE:IOT) had its price target hoisted by analysts at Piper Sandler from $47.00 to $48.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential upside of 13.86% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Zacks Research lowered Samsara from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Wall Street Zen lowered Samsara from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Wells Fargo & Company increased their target price on Samsara from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, June 6th. BMO Capital Markets increased their target price on Samsara from $48.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, June 2nd. Finally, Truist Financial dropped their target price on Samsara from $42.00 to $35.00 and set a “hold” rating on the stock in a research report on Monday, August 25th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.15.

Samsara Trading Up 17.6%

IOT stock opened at $42.16 on Friday. The firm has a market cap of $24.00 billion, a P/E ratio of -263.49 and a beta of 1.61. Samsara has a 12-month low of $31.40 and a 12-month high of $61.90. The stock’s 50 day simple moving average is $36.67 and its 200 day simple moving average is $39.86.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The business had revenue of $391.48 million for the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative return on equity of 7.80% and a negative net margin of 6.16%.The business’s revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, research analysts forecast that Samsara will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Sanjit Biswas sold 160,000 shares of the firm’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $39.58, for a total transaction of $6,332,800.00. Following the transaction, the insider directly owned 78,000 shares of the company’s stock, valued at approximately $3,087,240. This trade represents a 67.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc L. Andreessen sold 399,026 shares of the firm’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total value of $16,491,744.58. The disclosure for this sale can be found here. Insiders sold a total of 2,910,783 shares of company stock valued at $111,188,818 over the last three months. 46.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IOT. Jennison Associates LLC boosted its stake in Samsara by 1,881.8% during the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company’s stock valued at $450,881,000 after buying an additional 11,169,571 shares in the last quarter. Vanguard Group Inc. boosted its stake in Samsara by 18.3% during the second quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company’s stock valued at $1,106,012,000 after buying an additional 4,307,755 shares in the last quarter. Norges Bank bought a new position in Samsara during the second quarter valued at about $134,950,000. State Street Corp boosted its stake in Samsara by 107.8% during the second quarter. State Street Corp now owns 5,611,956 shares of the company’s stock valued at $223,244,000 after buying an additional 2,910,916 shares in the last quarter. Finally, Sands Capital Management LLC boosted its stake in Samsara by 17.2% during the second quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company’s stock valued at $766,808,000 after buying an additional 2,833,049 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.