Samsara (NYSE:IOT – Get Free Report) was upgraded by Guggenheim to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.
A number of other equities analysts also recently issued reports on IOT. Royal Bank Of Canada lifted their price target on Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Wells Fargo & Company increased their price objective on Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Piper Sandler restated an “overweight” rating and issued a $40.00 target price (up from $39.00) on shares of Samsara in a report on Friday, June 5th. Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, TD Cowen reiterated a “buy” rating and set a $45.00 price target on shares of Samsara in a report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.33.
Get Our Latest Research Report on Samsara
Samsara Trading Down 5.2%
Samsara (NYSE:IOT – Get Free Report) last posted its earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The company had revenue of $478.84 million during the quarter, compared to the consensus estimate of $455.21 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, research analysts forecast that Samsara will post 0.15 EPS for the current year.
Insiders Place Their Bets
In other Samsara news, insider Dominic Phillips sold 12,065 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $33.32, for a total value of $402,005.80. Following the completion of the sale, the insider owned 836,100 shares in the company, valued at approximately $27,858,852. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Benjamin Louis Kirchhoff sold 2,549 shares of Samsara stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $33.74, for a total transaction of $86,003.26. Following the transaction, the chief accounting officer directly owned 167,269 shares in the company, valued at approximately $5,643,656.06. This represents a 1.50% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 4,464,637 shares of company stock worth $144,511,167 in the last ninety days. 35.13% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in shares of Samsara during the 4th quarter worth $13,464,000. Royal Bank of Canada grew its position in 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 buying an additional 48,135 shares during the period. Jones Financial Companies Lllp grew its position in Samsara by 2,444.6% during the first quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock valued at $682,000 after buying an additional 17,088 shares during the period. Empowered Funds LLC increased its holdings in 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 buying an additional 335 shares during the last quarter. Finally, Marshall Wace LLP raised its position in Samsara by 142.4% in the second quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock worth $2,739,000 after acquiring an additional 40,450 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.
About Samsara
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.
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