Samsara (NYSE:IOT) Shares Down 9.7% – Here’s Why

Samsara Inc. (NYSE:IOT)’s share price was down 9.7% on Thursday . The stock traded as low as $29.15 and last traded at $28.9280. Approximately 897,042 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 8,041,463 shares. The stock had previously closed at $32.04.

Analyst Ratings Changes

Several analysts recently weighed in on IOT shares. BTIG Research cut their price target on Samsara from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Samsara in a research note on Thursday, January 22nd. Zacks Research upgraded Samsara from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. UBS Group restated a “buy” rating and issued a $48.00 price target on shares of Samsara in a research note on Friday, March 6th. Finally, Royal Bank Of Canada upped their price target on Samsara from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.18.

Samsara Stock Performance

The firm has a market capitalization of $16.87 billion, a P/E ratio of -1,452.02, a PEG ratio of 11.53 and a beta of 1.50. The firm has a 50-day moving average of $30.07 and a 200-day moving average of $34.08.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. The business had revenue of $444.30 million for the quarter, compared to analysts’ expectations of $422.29 million. Samsara had a negative return on equity of 0.72% and a negative net margin of 0.56%.The firm’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. On average, research analysts forecast that Samsara Inc. will post 0.06 EPS for the current fiscal year.

Insider Buying and Selling at Samsara

In other news, insider Sanjit Biswas sold 263,900 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $25.87, for a total transaction of $6,827,093.00. Following the transaction, the insider directly owned 57,600 shares of the company’s stock, valued at $1,490,112. This represents a 82.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Bicket sold 263,900 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $25.87, for a total value of $6,827,093.00. Following the transaction, the insider directly owned 57,600 shares in the company, valued at $1,490,112. The trade was a 82.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,168,992 shares of company stock worth $59,691,733 over the last three months. Insiders own 46.49% of the company’s stock.

Hedge Funds Weigh In On Samsara

Several hedge funds and other institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC lifted its holdings in shares of Samsara by 2.0% during the 3rd quarter. Lazard Asset Management LLC now owns 13,971 shares of the company’s stock valued at $520,000 after buying an additional 279 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in shares of Samsara by 0.3% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 113,900 shares of the company’s stock valued at $4,243,000 after buying an additional 300 shares during the period. Jefferies Financial Group Inc. lifted its holdings in shares of Samsara by 1.6% during the 3rd quarter. Jefferies Financial Group Inc. now owns 20,995 shares of the company’s stock valued at $782,000 after buying an additional 322 shares during the period. Cim LLC increased its stake in shares of Samsara by 1.0% in the 3rd quarter. Cim LLC now owns 32,700 shares of the company’s stock worth $1,218,000 after purchasing an additional 326 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after purchasing an additional 335 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

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.