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

Samsara (NYSE:IOT) had its price objective upped by research analysts at TD Cowen from $49.00 to $55.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 17.11% from the stock’s current price.

Several other research firms have also recently commented on IOT. Royal Bank Of Canada boosted their target price on Samsara from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday. Piper Sandler raised their price target on Samsara from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Samsara from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday. Zacks Research downgraded Samsara from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Finally, Wall Street Zen downgraded shares of Samsara from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Nine investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $50.50.

Samsara Stock Performance

Shares of NYSE:IOT traded up $6.25 during midday trading on Friday, hitting $46.96. The company’s stock had a trading volume of 10,688,815 shares, compared to its average volume of 4,915,429. The business’s 50 day simple moving average is $38.31 and its 200 day simple moving average is $38.83. The company has a market cap of $26.94 billion, a P/E ratio of -292.80 and a beta of 1.61. Samsara has a 12-month low of $31.40 and a 12-month high of $61.90.

Samsara (NYSE:IOT) last announced its quarterly earnings data 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. The firm had revenue of $415.98 million during the quarter, compared to analyst estimates of $398.92 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. Samsara’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. 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 predict that Samsara will post -0.3 earnings per share for the current fiscal year.

Insider Activity at Samsara

In other news, insider Sanjit Biswas sold 14,152 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $38.10, for a total transaction of $539,191.20. Following the transaction, the insider directly owned 44,952 shares of the company’s stock, 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 SEC, which is available at this hyperlink. Also, insider John Bicket sold 24,162 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $38.15, for a total transaction of $921,780.30. Following the completion of the transaction, the insider owned 218,173 shares of the company’s stock, valued at $8,323,299.95. This trade represents a 9.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,730,107 shares of company stock worth $143,045,198. 46.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Samsara

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