Samsara (NYSE:IOT) Price Target Raised to $48.00

Samsara (NYSE:IOT) had its price target raised by JPMorgan Chase & Co. from $46.00 to $48.00 in a research report report published on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued reports about the company. Truist Financial lifted their price target on Samsara from $35.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, September 5th. Morgan Stanley raised their target price on Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, September 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Samsara in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Samsara from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Cowen restated a “buy” rating on shares of Samsara in a report on Friday. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

Samsara Price Performance

IOT opened at $45.31 on Friday. Samsara has a fifty-two week low of $31.40 and a fifty-two week high of $61.90. The firm has a market capitalization of $25.99 billion, a P/E ratio of -566.38 and a beta of 1.61. The company’s 50-day moving average is $38.46 and its 200 day moving average is $38.71.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.15 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 firm had revenue of $415.98 million during the quarter, compared to analyst estimates of $398.92 million. During the same quarter last year, the business posted $0.07 EPS. The company’s revenue for the quarter 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. On average, equities research analysts expect that Samsara will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other Samsara news, insider Sanjit Biswas sold 14,152 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $38.10, for a total transaction of $539,191.20. Following the completion of the transaction, the insider owned 44,952 shares in the company, valued at $1,712,671.20. This trade represents a 23.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Eltoukhy sold 4,767 shares of Samsara stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $36.04, for a total transaction of $171,802.68. Following the completion of the transaction, the insider owned 302,698 shares of the company’s stock, valued at $10,909,235.92. The trade was a 1.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 3,730,107 shares of company stock valued at $143,045,198. 46.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in Samsara during the 4th quarter valued at $13,464,000. Avantax Advisory Services Inc. purchased a new position in shares of Samsara in the first quarter valued at $357,000. Cetera Investment Advisers grew its position in shares of Samsara by 14.6% in the first quarter. Cetera Investment Advisers now owns 32,121 shares of the company’s stock valued at $1,231,000 after purchasing an additional 4,103 shares in the last quarter. Natixis Advisors LLC bought a new stake in shares of Samsara during the 1st quarter valued at $715,000. Finally, US Bancorp DE lifted its holdings in Samsara by 294.3% during the 1st quarter. US Bancorp DE now owns 20,832 shares of the company’s stock worth $798,000 after purchasing an additional 15,549 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

About Samsara

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.