The Goldman Sachs Group Begins Coverage on Samsara (NYSE:IOT)

Research analysts at The Goldman Sachs Group began coverage on shares of Samsara (NYSE:IOT) in a report released on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $36.00 price target on the stock. The Goldman Sachs Group’s price target points to a potential upside of 35.03% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Samsara from $52.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Bank of America increased their target price on Samsara from $53.00 to $55.00 and gave the company a “buy” rating in a report on Friday, December 5th. Royal Bank Of Canada set a $35.00 target price on Samsara in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on Samsara from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, Jefferies Financial Group set a $57.00 price objective on Samsara in a research note on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.25.

Samsara Trading Down 3.9%

Shares of IOT stock opened at $26.66 on Wednesday. Samsara has a twelve month low of $23.38 and a twelve month high of $61.90. The stock has a market cap of $15.38 billion, a P/E ratio of -333.25 and a beta of 1.61. The stock has a 50 day moving average of $34.20 and a 200 day moving average of $36.36.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11). The firm had revenue of $415.98 million for the quarter, compared to analyst estimates of $398.92 million. Samsara had a negative return on equity of 3.49% and a negative net margin of 2.79%.Samsara’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. On average, research analysts predict that Samsara will post -0.3 earnings per share for the current fiscal year.

Insider Activity at Samsara

In other news, insider Sanjit Biswas sold 208,081 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $25.19, for a total value of $5,241,560.39. Following the transaction, the insider directly owned 294,100 shares in the company, valued at approximately $7,408,379. This represents a 41.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Adam Eltoukhy sold 4,688 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $32.54, for a total transaction of $152,547.52. Following the transaction, the insider directly owned 246,675 shares of the company’s stock, valued at $8,026,804.50. The trade was a 1.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,054,011 shares of company stock valued at $103,745,232 in the last ninety days. Insiders own 46.49% of the company’s stock.

Institutional Investors Weigh In On Samsara

Institutional investors and hedge funds have recently modified their holdings of the company. Pinegrove Venture Partners LLC raised its position in Samsara by 46.0% in the 3rd quarter. Pinegrove Venture Partners LLC now owns 556,582 shares of the company’s stock valued at $20,733,000 after purchasing an additional 175,411 shares during the last quarter. Lazard Freres Gestion S.A.S. acquired a new position in Samsara in the third quarter valued at $2,235,000. Bessemer Group Inc. raised its holdings in shares of Samsara by 19.8% in the third quarter. Bessemer Group Inc. now owns 1,728,322 shares of the company’s stock valued at $64,379,000 after buying an additional 286,193 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Samsara by 28.9% during the second quarter. JPMorgan Chase & Co. now owns 1,380,514 shares of the company’s stock worth $54,917,000 after buying an additional 309,920 shares during the period. Finally, LBP AM SA grew its holdings in shares of Samsara by 13.9% during the third quarter. LBP AM SA now owns 313,987 shares of the company’s stock worth $11,696,000 after buying an additional 38,235 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

About Samsara

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.