Samsara (NYSE:IOT) Stock Rating Upgraded by Jefferies Financial Group

Samsara (NYSE:IOT) was upgraded by Jefferies Financial Group to a “strong-buy” rating in a note issued to investors on Sunday, Zacks reports.

Other analysts have also issued research reports about the company. KeyCorp increased their price objective on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Bank of America lifted their price target on shares of Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Morgan Stanley upped their price objective on shares of Samsara from $43.00 to $49.00 and gave the company an “equal weight” rating in a research note on Friday, September 4th. Cantor Fitzgerald started coverage on shares of Samsara in a research note on Monday, September 14th. They issued an “overweight” rating and a $45.00 target price for the company. Finally, Craig Hallum restated a “buy” rating and set a $54.00 price objective on shares of Samsara in a report on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.68.

Samsara Price Performance

Shares of NYSE IOT opened at $42.46 on Friday. The firm’s 50-day moving average is $39.41 and its two-hundred day moving average is $34.72. The company has a market capitalization of $24.86 billion, a PE ratio of 265.37, a price-to-earnings-growth ratio of 10.10 and a beta of 1.35. Samsara has a 12-month low of $23.38 and a 12-month high of $47.47.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. The firm had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. On average, analysts forecast that Samsara will post 0.13 EPS for the current fiscal year.

Insider Activity at Samsara

In other news, insider John Bicket sold 20,523 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $38.83, for a total value of $796,908.09. Following the transaction, the insider directly owned 977,398 shares in the company, valued at $37,952,364.34. This trade represents a 2.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dominic Phillips sold 12,064 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $38.97, for a total value of $470,134.08. Following the sale, the insider owned 742,052 shares of the company’s stock, valued at $28,917,766.44. The trade was a 1.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,269,209 shares of company stock valued at $86,597,738 over the last three months. Insiders own 35.13% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. USS Investment Management Ltd acquired a new position in Samsara during the 1st quarter worth approximately $28,232,000. Spyglass Capital Management LLC grew its stake in shares of Samsara by 25.5% during the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after acquiring an additional 599,651 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Samsara in the second quarter worth about $4,860,000. Tidal Investments LLC grew its stake in Samsara by 347.6% during the 2nd quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock valued at $2,339,000 after purchasing an additional 56,016 shares in the last quarter. Finally, Fieldview Capital Management LLC acquired a new position in shares of Samsara in the 4th quarter valued at approximately $1,604,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Company Profile

Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.