Wells Fargo & Company Cuts Samsara (NYSE:IOT) Price Target to $43.00

Samsara (NYSE:IOT) had its price objective reduced by Wells Fargo & Company from $52.00 to $43.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts also recently issued reports about the company. Zacks Research downgraded Samsara from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Jefferies Financial Group set a $57.00 price objective on shares of Samsara in a research report on Wednesday, December 10th. KeyCorp initiated coverage on shares of Samsara in a research note on Tuesday, December 9th. They set an “overweight” rating and a $55.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Samsara from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Finally, BNP Paribas Exane raised shares of Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.73.

Samsara Stock Up 4.7%

Shares of NYSE:IOT opened at $25.39 on Wednesday. Samsara has a 12-month low of $23.38 and a 12-month high of $61.90. The company’s 50 day moving average price is $35.11 and its two-hundred day moving average price is $36.67. The firm has a market cap of $14.65 billion, a PE ratio of -317.38 and a beta of 1.61.

Samsara (NYSE:IOT) last released 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 during the quarter, compared to analyst estimates of $398.92 million. Samsara had a negative net margin of 2.79% and a negative return on equity of 3.49%. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter in the previous 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, research analysts expect that Samsara will post -0.3 EPS for the current year.

Insider Activity at Samsara

In related news, insider Adam Eltoukhy sold 4,688 shares of Samsara stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $32.54, for a total transaction of $152,547.52. Following the sale, the insider directly owned 246,675 shares of the company’s stock, valued at approximately $8,026,804.50. The trade was a 1.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sanjit Biswas sold 208,081 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $25.19, for a total transaction of $5,241,560.39. Following the completion of the transaction, the insider directly owned 294,100 shares of the company’s stock, valued at approximately $7,408,379. The trade was a 41.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,054,011 shares of company stock valued at $103,745,232. 46.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Samsara

Several hedge funds have recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Samsara during the 4th quarter worth $13,464,000. Royal Bank of Canada boosted its stake in shares of Samsara by 100.3% during the first quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock valued at $3,686,000 after purchasing an additional 48,135 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Samsara by 2,444.6% during the first quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock worth $682,000 after purchasing an additional 17,088 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Samsara by 3.4% during the first quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after purchasing an additional 335 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Samsara in the second quarter valued at approximately $184,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Key Samsara News

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: National marketing + product launch: Samsara rolled out an AI “Safety Coach” in a Super Bowl commercial and named NASCAR champion Jesse Love as the avatar — a high‑profile ad that raises brand awareness and highlights a new AI safety offering that could accelerate sales conversations with fleet customers. Read More.
• Positive Sentiment: Marketing/partnership extension: Samsara extended its partnership with Richard Childress Racing, reinforcing its motorsports marketing strategy and repeated exposure to fleet and safety audiences. Read More.
• Neutral Sentiment: Analyst and valuation context: Coverage and commentary continue to debate whether current multiples reflect long‑term growth potential after the stock’s pullback; useful background for longer‑term investors but not an immediate trading catalyst. Read More.
• Neutral Sentiment: Platform/industry analysis: Additional writeups examine platform durability vs peers — informative for institutionals evaluating competitive positioning. Read More.
• Negative Sentiment: Large insider selling: Co‑founders/insiders John Bicket and Sanjit Biswas filed multiple large sales on Feb 3–4 (several transactions ~25.2–$25.3 avg), each reducing holdings by ~40–45% and generating multi‑million dollar proceeds — a material supply signal that can pressure sentiment and headline flow. SEC filings: Read More. and Read More.
• Negative Sentiment: Analyst target cut: Wells Fargo trimmed its price target (reducing headline upside) even while keeping an overweight stance—this can temper momentum among some buy‑side participants. Read More.

Samsara Company Profile

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.