Samsara (NYSE:IOT) Price Target Raised to $55.00

Samsara (NYSE:IOT) had its price target increased by TD Cowen from $49.00 to $55.00 in a research report report published on Friday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other analysts have also issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Samsara from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley raised their price objective on shares of Samsara from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday, September 8th. Piper Sandler upped their target price on shares of Samsara from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America increased 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. Finally, Evercore ISI set a $50.00 price objective on Samsara and gave the company an “outperform” rating in a report on Wednesday, October 1st. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

Samsara Stock Performance

NYSE:IOT opened at $45.31 on Friday. The stock has a market cap of $25.99 billion, a price-to-earnings 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 business’s 50-day simple moving average is $38.46 and its 200 day simple moving average is $38.71.

Samsara (NYSE:IOT) last posted its quarterly earnings data 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 3.61% and a negative net margin of 2.79%.The company had revenue of $415.98 million for the quarter, compared to the consensus estimate of $398.92 million. During the same period in the previous year, the business earned $0.07 EPS. Samsara’s revenue for the quarter 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, equities research analysts predict that Samsara will post -0.3 EPS for the current year.

Insider Buying and Selling at Samsara

In other Samsara news, insider John Bicket sold 170,000 shares of Samsara stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $38.35, for a total value of $6,519,500.00. Following the completion of the transaction, the insider directly owned 36,000 shares in the company, valued at $1,380,600. The trade was a 82.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total value of $30,582,910.05. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 3,730,107 shares of company stock valued at $143,045,198. Corporate insiders own 46.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gerber Kawasaki Wealth & Investment Management increased its position in Samsara by 0.5% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 54,000 shares of the company’s stock worth $2,070,000 after buying an additional 250 shares during the period. Lazard Asset Management LLC grew its position in shares of Samsara by 2.0% during the third quarter. Lazard Asset Management LLC now owns 13,971 shares of the company’s stock worth $520,000 after acquiring an additional 279 shares during the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of Samsara by 0.3% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 113,900 shares of the company’s stock worth $4,243,000 after acquiring an additional 300 shares during the period. Jefferies Financial Group Inc. lifted its position in Samsara by 1.6% in the 3rd quarter. Jefferies Financial Group Inc. now owns 20,995 shares of the company’s stock valued at $782,000 after purchasing an additional 322 shares during the last quarter. Finally, Cim LLC boosted its stake in Samsara by 1.0% during the 3rd quarter. Cim LLC now owns 32,700 shares of the company’s stock valued at $1,218,000 after purchasing an additional 326 shares during the period. Institutional investors and hedge funds 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.