Samsara (NYSE:IOT) Price Target Raised to $46.00

Samsara (NYSE:IOT) had its price target increased by Royal Bank Of Canada from $44.00 to $46.00 in a research report released on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued reports about the company. Truist Financial lowered their price target on Samsara from $42.00 to $35.00 and set a “hold” rating on the stock in a report on Monday, August 25th. Craig Hallum raised Samsara from a “hold” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $48.00 in a report on Friday. Wells Fargo & Company boosted their price target on Samsara from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, June 6th. Wall Street Zen cut Samsara from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, BMO Capital Markets lowered their price target on Samsara from $54.00 to $47.00 and set an “outperform” rating on the stock in a report on Friday. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Samsara currently has an average rating of “Moderate Buy” and a consensus price target of $49.15.

Samsara Trading Up 17.6%

Shares of NYSE:IOT opened at $42.16 on Friday. The stock has a 50 day moving average of $36.67 and a 200 day moving average of $39.76. The company has a market cap of $24.00 billion, a PE 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.

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

Insider Transactions at Samsara

In other news, insider Adam Eltoukhy sold 4,578 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $32.73, for a total transaction 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 represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sanjit Biswas sold 30,145 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $35.57, for a total value of $1,072,257.65. Following the sale, the insider directly owned 597,902 shares in the company, valued at $21,267,374.14. This trade represents a 4.80% 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 in the last ninety days. Corporate insiders own 46.49% of the company’s stock.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Keystone Financial Group Inc. raised its holdings in Samsara by 300.0% during the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company’s stock valued at $25,000 after buying an additional 450 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Samsara during the 2nd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Samsara during the 1st quarter valued at $31,000. Fourth Dimension Wealth LLC purchased a new stake in Samsara during the 4th quarter valued at $38,000. Finally, CWM LLC raised its holdings in Samsara by 385.3% during the 1st quarter. CWM LLC now owns 1,053 shares of the company’s stock valued at $40,000 after buying an additional 836 shares during the period. Hedge funds and other 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.