Samsara (NYSE:IOT) Price Target Raised to $39.00

Samsara (NYSE:IOT) had its target price upped by Truist Financial from $35.00 to $39.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a hold rating on the stock.

Several other research firms have also weighed in on IOT. Piper Sandler increased their price target on shares of Samsara from $47.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday. Wells Fargo & Company increased their price target on shares of Samsara from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, June 6th. Zacks Research lowered shares of Samsara from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Evercore ISI set a $45.00 price target on shares of Samsara in a research report on Wednesday, June 25th. Finally, Royal Bank Of Canada upped their price objective on shares of Samsara from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Samsara has an average rating of “Moderate Buy” and an average price target of $49.15.

Samsara Price Performance

NYSE IOT opened at $42.16 on Friday. Samsara has a 1 year low of $31.40 and a 1 year high of $61.90. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of -263.49 and a beta of 1.61. The company has a fifty day moving average price of $36.67 and a 200-day moving average price of $39.76.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $391.48 million during the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.80%. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. 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 anticipate that Samsara will post -0.3 EPS for the current fiscal year.

Insider Activity at Samsara

In related news, insider Adam Eltoukhy sold 4,578 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $32.73, for a total value of $149,837.94. Following the sale, the insider directly owned 358,720 shares of the company’s stock, valued at $11,740,905.60. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Bicket sold 40,320 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $35.61, for a total transaction of $1,435,795.20. Following the completion of the sale, the insider directly owned 984,347 shares in the company, valued at $35,052,596.67. This represents a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,910,783 shares of company stock valued at $111,188,818 over the last three months. 46.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Samsara

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vident Advisory LLC raised its stake in Samsara by 66.2% in the first quarter. Vident Advisory LLC now owns 14,282 shares of the company’s stock valued at $547,000 after purchasing an additional 5,691 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Samsara in the first quarter worth approximately $1,457,000. Ontario Teachers Pension Plan Board grew its holdings in shares of Samsara by 213.4% in the first quarter. Ontario Teachers Pension Plan Board now owns 19,121 shares of the company’s stock worth $733,000 after purchasing an additional 13,020 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in shares of Samsara in the first quarter worth approximately $357,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Samsara by 18.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,229,773 shares of the company’s stock worth $85,467,000 after purchasing an additional 352,829 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

About Samsara

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.