Samsara (NYSE:IOT) Upgraded at Guggenheim

Guggenheim upgraded shares of Samsara (NYSE:IOT) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Jefferies Financial Group upgraded shares of Samsara to a “buy” rating in a research report on Thursday, June 11th. Wells Fargo & Company boosted their price target on Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Wolfe Research reissued an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. Morgan Stanley set a $43.00 price objective on Samsara in a report on Tuesday. Finally, Weiss Ratings upgraded Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Samsara has an average rating of “Moderate Buy” and an average target price of $45.33.

Samsara Trading Up 5.3%

NYSE:IOT opened at $33.16 on Wednesday. Samsara has a 12-month low of $23.38 and a 12-month high of $47.47. The firm has a market cap of $19.32 billion, a price-to-earnings ratio of 331.58, a price-to-earnings-growth ratio of 7.07 and a beta of 1.35. The company’s 50-day moving average is $33.78 and its two-hundred day moving average is $31.43.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $478.84 million during the quarter, compared to the consensus estimate of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, equities research analysts forecast that Samsara will post 0.15 earnings per share for the current fiscal year.

Insider Activity at Samsara

In other news, insider John Bicket sold 245,925 shares of Samsara stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total value of $9,042,662.25. Following the transaction, the insider directly owned 94,000 shares of the company’s stock, valued at $3,456,380. The trade was a 72.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc L. Andreessen sold 613,660 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $32.27, for a total value of $19,802,808.20. Following the sale, the director owned 2,256,487 shares of the company’s stock, valued at $72,816,835.49. The trade was a 21.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 4,464,637 shares of company stock worth $144,511,167. 35.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IOT. Brighton Jones LLC purchased a new position in shares of Samsara in the 4th quarter valued at $13,464,000. Royal Bank of Canada boosted its position in Samsara by 100.3% during the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock worth $3,686,000 after purchasing an additional 48,135 shares during the period. Jones Financial Companies Lllp increased its holdings in Samsara by 2,444.6% in the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock valued at $682,000 after purchasing an additional 17,088 shares in the last quarter. Empowered Funds LLC increased its holdings in Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock valued at $390,000 after purchasing an additional 335 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Samsara by 142.4% in the second quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock valued at $2,739,000 after purchasing an additional 40,450 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

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.