Bank of America Forecasts Strong Price Appreciation for Samsara (NYSE:IOT) Stock

Samsara (NYSE:IOT) had its target price lifted by Bank of America from $53.00 to $55.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price suggests a potential upside of 21.39% from the stock’s current price.

IOT has been the topic of several other reports. BMO Capital Markets lifted their price objective on Samsara from $47.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday. Craig Hallum raised Samsara from a “hold” rating to a “buy” rating and lifted their price target for the stock from $42.00 to $48.00 in a research note on Friday, September 5th. Evercore ISI set a $50.00 price target on Samsara and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Wells Fargo & Company increased their price objective on Samsara from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Morgan Stanley increased their target price on shares of Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, September 8th. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.50.

Samsara Stock Performance

Samsara stock opened at $45.31 on Friday. The stock has a market capitalization of $25.99 billion, a P/E ratio of -566.38 and a beta of 1.61. The company’s fifty day moving average price is $38.46 and its 200 day moving average price is $38.76. Samsara has a 1 year low of $31.40 and a 1 year high of $61.90.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. Samsara had a negative net margin of 2.79% and a negative return on equity of 3.61%. The business had revenue of $415.98 million for the quarter, compared to the consensus estimate of $398.92 million. During the same period last year, the firm posted $0.07 earnings per share. The company’s revenue was up 29.2% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. Sell-side analysts predict that Samsara will post -0.3 EPS for the current year.

Insider Buying and Selling

In other news, insider Adam Eltoukhy sold 4,767 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $36.04, for a total transaction of $171,802.68. Following the completion of the sale, the insider owned 302,698 shares in the company, valued at $10,909,235.92. This trade represents a 1.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sanjit Biswas sold 14,152 shares of Samsara stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $38.10, for a total transaction of $539,191.20. Following the sale, the insider directly owned 44,952 shares in the company, valued at approximately $1,712,671.20. The trade was a 23.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,730,107 shares of company stock worth $143,045,198. Insiders own 46.49% of the company’s stock.

Institutional Investors Weigh In On Samsara

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC purchased a new position in shares of Samsara during the 2nd quarter worth $28,000. Versant Capital Management Inc lifted its position in Samsara by 6,078.6% in the third quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock valued at $32,000 after buying an additional 851 shares during the last quarter. AlphaQuest LLC boosted its stake in Samsara by 519.6% during the first quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock worth $40,000 after buying an additional 873 shares during the period. Family Legacy Financial Solutions LLC acquired a new stake in shares of Samsara during the second quarter valued at about $40,000. Finally, Whipplewood Advisors LLC raised its stake in shares of Samsara by 349.8% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,093 shares of the company’s stock valued at $43,000 after acquiring an additional 850 shares during the period. Institutional investors and hedge funds 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.