Brokerages Set Samsara Inc. (NYSE:IOT) Target Price at $49.55

Shares of Samsara Inc. (NYSE:IOT) have received an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $49.5455.

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered Samsara from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. BMO Capital Markets decreased their price objective on Samsara from $54.00 to $47.00 and set an “outperform” rating on the stock in a report on Friday, September 5th. Craig Hallum upgraded Samsara from a “hold” rating to a “buy” rating and upped their price objective for the company from $42.00 to $48.00 in a report on Friday, September 5th. Truist Financial upped their price objective on Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a report on Friday, September 5th. Finally, Morgan Stanley upped their price objective on Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, September 8th.

Insiders Place Their Bets

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total value of $30,582,910.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sanjit Biswas sold 160,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $38.36, for a total value of $6,137,600.00. Following the completion of the transaction, the insider owned 36,000 shares in the company, valued at $1,380,960. This represents a 81.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,734,679 shares of company stock valued at $140,267,375. Insiders own 46.49% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Vident Advisory LLC lifted its stake in Samsara by 66.2% during the first quarter. Vident Advisory LLC now owns 14,282 shares of the company’s stock worth $547,000 after purchasing an additional 5,691 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Samsara during the first quarter worth $1,457,000. Ontario Teachers Pension Plan Board lifted its stake in Samsara by 213.4% during the first quarter. Ontario Teachers Pension Plan Board now owns 19,121 shares of the company’s stock worth $733,000 after purchasing an additional 13,020 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in Samsara during the first quarter worth $357,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Samsara by 18.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,229,773 shares of the company’s stock worth $85,467,000 after purchasing an additional 352,829 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Samsara Price Performance

IOT stock opened at $36.55 on Thursday. The business has a 50 day simple moving average of $37.04 and a 200-day simple moving average of $39.12. The firm has a market capitalization of $20.97 billion, a PE ratio of -228.43 and a beta of 1.60. Samsara has a 1 year low of $31.40 and a 1 year high of $61.90.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $391.48 million during the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The business’s revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, equities research analysts expect that Samsara will post -0.3 EPS for the current year.

About Samsara

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.