Samsara (NYSE:IOT) Price Target Raised to $50.00

Samsara (NYSE:IOT) had its target price raised by Royal Bank Of Canada from $46.00 to $50.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company boosted their price target on Samsara from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday. Cowen reissued a “buy” rating on shares of Samsara in a research note on Friday. BMO Capital Markets raised their price target on shares of Samsara from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday. Evercore ISI set a $50.00 price target on shares of Samsara and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, Bank of America upped their price objective on shares of Samsara from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Samsara Stock Performance

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

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, beating analysts’ consensus estimates 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 business had revenue of $415.98 million during the quarter, compared to the consensus estimate of $398.92 million. During the same quarter last year, the firm posted $0.07 EPS. The business’s revenue was up 29.2% compared to the same quarter last year. 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, sell-side analysts forecast that Samsara will post -0.3 earnings per share for the current fiscal year.

Insider Activity at Samsara

In related news, insider Sanjit Biswas sold 14,152 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $38.10, for a total value of $539,191.20. Following the completion of the sale, the insider directly owned 44,952 shares in the company, valued at approximately $1,712,671.20. The trade was a 23.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Eltoukhy sold 4,767 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $36.04, for a total transaction of $171,802.68. Following the transaction, the insider directly owned 302,698 shares in the company, valued at approximately $10,909,235.92. This represents a 1.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 3,730,107 shares of company stock worth $143,045,198. 46.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On Samsara

A number of institutional investors have recently added to or reduced their stakes in IOT. IFP Advisors Inc raised its holdings in shares of Samsara by 194.4% in the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock worth $47,000 after purchasing an additional 828 shares during the period. Swiss Life Asset Management Ltd grew its holdings in shares of Samsara by 7.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 25,947 shares of the company’s stock worth $967,000 after purchasing an additional 1,719 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in Samsara during the 3rd quarter worth approximately $1,637,000. JPMorgan Chase & Co. raised its holdings in Samsara by 20.6% in the third quarter. JPMorgan Chase & Co. now owns 1,664,688 shares of the company’s stock valued at $62,010,000 after buying an additional 284,174 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in Samsara during the third quarter valued at approximately $379,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.