Samsara Inc. (NYSE:IOT) Receives Average Rating of “Hold” from Brokerages

Shares of Samsara Inc. (NYSE:IOT) have received an average recommendation of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $48.20.

A number of analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Samsara from $35.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, September 5th. Wall Street Zen lowered shares of Samsara from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Morgan Stanley increased their price objective on Samsara from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday, September 8th. Royal Bank Of Canada lifted their target price on Samsara from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Finally, Zacks Research lowered Samsara from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th.

Samsara Stock Up 4.4%

Shares of IOT stock opened at $40.73 on Friday. The company has a market cap of $23.36 billion, a P/E ratio of -254.56 and a beta of 1.61. The business has a 50 day moving average of $38.31 and a two-hundred day moving average of $38.83. Samsara has a 52 week low of $31.40 and a 52 week high of $61.90.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The business had revenue of $415.98 million for the quarter, compared to the consensus estimate of $398.92 million. During the same quarter last year, the business posted $0.07 EPS. The business’s 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. Analysts expect that Samsara will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 transaction, the insider owned 302,698 shares in the company, valued at $10,909,235.92. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sanjit Biswas sold 14,152 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $38.10, for a total value of $539,191.20. Following the completion of the sale, the insider owned 44,952 shares of the company’s stock, valued at $1,712,671.20. This trade represents a 23.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,730,107 shares of company stock worth $143,045,198. 46.49% of the stock is owned by corporate insiders.

Institutional Trading of Samsara

A number of hedge funds and other institutional investors have recently modified their holdings of IOT. Catalyst Capital Advisors LLC bought a new position in Samsara during the second quarter valued at about $28,000. Versant Capital Management Inc boosted its position in shares of Samsara by 6,078.6% during the 3rd quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock valued at $32,000 after purchasing an additional 851 shares in the last quarter. AlphaQuest LLC grew its stake in shares of Samsara by 519.6% in the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock worth $40,000 after purchasing an additional 873 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new stake in shares of Samsara in the 2nd quarter worth approximately $40,000. Finally, Whipplewood Advisors LLC lifted its stake in Samsara by 349.8% during the second quarter. Whipplewood Advisors LLC now owns 1,093 shares of the company’s stock valued at $43,000 after purchasing an additional 850 shares during the last quarter. 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.