KeyCorp Lowers Samsara (NYSE:IOT) Price Target to $40.00

Samsara (NYSE:IOT) had its target price reduced by stock analysts at KeyCorp from $55.00 to $40.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 38.41% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Piper Sandler reiterated an “overweight” rating and set a $37.00 price objective (down from $49.00) on shares of Samsara in a research note on Friday, February 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Samsara in a research note on Thursday, January 22nd. Truist Financial decreased their price objective on Samsara from $39.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, February 17th. The Goldman Sachs Group assumed coverage on shares of Samsara in a report on Wednesday, February 11th. They set a “buy” rating and a $36.00 target price for the company. Finally, Bank of America boosted their price target on shares of Samsara from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.13.

Samsara Trading Down 0.2%

Shares of IOT opened at $28.90 on Friday. The firm has a market cap of $16.68 billion, a P/E ratio of -361.25 and a beta of 1.61. Samsara has a 12 month low of $23.38 and a 12 month high of $48.66. The stock’s 50 day moving average is $31.03 and its two-hundred day moving average is $35.65.

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

Insider Activity at Samsara

In related news, insider John Bicket sold 263,900 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $25.87, for a total transaction of $6,827,093.00. Following the completion of the transaction, the insider owned 57,600 shares of the company’s stock, valued at approximately $1,490,112. This represents a 82.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sanjit Biswas sold 263,900 shares of Samsara stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $25.87, for a total transaction of $6,827,093.00. Following the completion of the transaction, the insider owned 57,600 shares in the company, valued at approximately $1,490,112. This trade represents a 82.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,253,463 shares of company stock valued at $105,384,810 over the last three months. Insiders own 46.49% of the company’s stock.

Hedge Funds Weigh In On Samsara

A number of large investors have recently modified their holdings of IOT. Acumen Wealth Advisors LLC acquired a new stake in Samsara during the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its stake in Samsara by 312.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after buying an additional 669 shares during the period. Versant Capital Management Inc increased its position in shares of Samsara by 6,078.6% in the third quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock worth $32,000 after acquiring an additional 851 shares in the last quarter. AlphaCentric Advisors LLC purchased a new position in shares of Samsara in the 4th quarter valued at $36,000. Finally, Optiver Holding B.V. lifted its holdings in shares of Samsara by 953.2% during the 3rd quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock valued at $44,000 after acquiring an additional 1,058 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Company Profile

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.