KeyCorp Cuts Samsara (NYSE:IOT) Price Target to $40.00

Samsara (NYSE:IOT) had its price target trimmed by KeyCorp from $55.00 to $40.00 in a report released on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets dropped their price target on Samsara from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. BNP Paribas Exane upgraded Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Thursday, January 15th. JPMorgan Chase & Co. boosted their target price on Samsara from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Wells Fargo & Company decreased their price target on Samsara from $52.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Finally, Truist Financial lowered their price objective on shares of Samsara from $39.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Samsara presently has a consensus rating of “Moderate Buy” and an average target price of $45.13.

Samsara Trading Down 0.2%

IOT stock opened at $28.90 on Friday. The business has a 50 day simple moving average of $31.03 and a 200-day simple moving average of $35.67. The company has a market capitalization of $16.68 billion, a P/E ratio of -361.25 and a beta of 1.60. Samsara has a twelve month low of $23.38 and a twelve month high of $48.66.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11). The business had revenue of $415.98 million for the quarter, compared to analyst estimates of $398.92 million. Samsara had a negative return on equity of 3.49% and a negative net margin of 2.79%.The firm’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. Research analysts predict that Samsara will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Samsara news, insider Adam Eltoukhy sold 4,688 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $26.79, for a total transaction of $125,591.52. Following the sale, the insider directly owned 246,675 shares in the company, valued at approximately $6,608,423.25. The trade was a 1.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Benjamin Louis Kirchhoff sold 1,731 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $26.64, for a total transaction of $46,113.84. Following the transaction, the chief accounting officer directly owned 121,913 shares in the company, valued at approximately $3,247,762.32. This trade represents a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,253,463 shares of company stock worth $105,384,810 in the last ninety days. 46.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IOT. Acumen Wealth Advisors LLC acquired a new position in shares of Samsara in the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Samsara by 312.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after acquiring an additional 669 shares during the last quarter. Versant Capital Management Inc increased its position in Samsara by 6,078.6% during the 3rd quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock worth $32,000 after purchasing an additional 851 shares in the last quarter. AlphaCentric Advisors LLC purchased a new stake in Samsara during the 4th quarter worth about $36,000. Finally, Optiver Holding B.V. raised its stake in Samsara by 953.2% in the 3rd quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock valued at $44,000 after purchasing an additional 1,058 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

About Samsara

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.