Samsara Inc. (NYSE:IOT) Receives Consensus Rating of “Moderate Buy” from Analysts

Samsara Inc. (NYSE:IOT) has been assigned an average rating of “Moderate Buy” from the twenty-one research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $52.4444.

IOT has been the subject of several analyst reports. Jefferies Financial Group raised shares of Samsara to a “buy” rating in a research note on Thursday, June 11th. Evercore restated an “outperform” rating and issued a $55.00 price objective on shares of Samsara in a report on Friday, September 4th. BTIG Research raised their target price on Samsara from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Craig Hallum reaffirmed a “buy” rating and set a $54.00 target price on shares of Samsara in a report on Friday, September 4th. Finally, BNP Paribas Exane upped their price target on Samsara from $40.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, September 4th.

Insider Buying and Selling

In related news, CEO Sanjit Biswas sold 244,805 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total value of $9,001,479.85. Following the sale, the chief executive officer directly owned 94,000 shares in the company, valued at $3,456,380. This represents a 72.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 245,925 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $36.77, for a total transaction of $9,042,662.25. Following the sale, the insider directly owned 94,000 shares of the company’s stock, valued at $3,456,380. This represents a 72.35% 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. Over the last ninety days, insiders sold 2,231,755 shares of company stock worth $84,241,961. 35.13% of the stock is owned by insiders.

Institutional Investors Weigh In On Samsara

Several large investors have recently modified their holdings of IOT. Acumen Wealth Advisors LLC acquired a new position in Samsara in the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew its holdings in Samsara by 312.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after acquiring an additional 669 shares during the period. AlphaCentric Advisors LLC bought a new position in shares of Samsara in the 4th quarter worth about $36,000. Markowski Investments bought a new position in shares of Samsara in the 2nd quarter worth about $37,000. Finally, IFP Advisors Inc lifted its stake in shares of Samsara by 194.4% in the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock valued at $47,000 after purchasing an additional 828 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Samsara Price Performance

Samsara stock opened at $38.45 on Friday. The business has a 50 day moving average of $38.22 and a 200-day moving average of $33.62. The company has a market capitalization of $22.40 billion, a P/E ratio of 240.29, a P/E/G ratio of 9.52 and a beta of 1.35. Samsara has a 1 year low of $23.38 and a 1 year high of $47.47.

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

Samsara Company Profile

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company’s products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.