Samsara (NYSE:IOT) Trading 9.4% Higher – Here’s Why

Posted by George Bondi on Jul 1st, 2026

Samsara Inc. (NYSE:IOT – Get Free Report)’s stock price shot up 9.4% during mid-day trading on Wednesday . The stock traded as high as $35.54 and last traded at $35.48. Approximately 1,784,436 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 7,345,926 shares. The stock had previously closed at $32.43.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IOT. KeyCorp restated an “overweight” rating on shares of Samsara in a research note on Friday, June 26th. Weiss Ratings upgraded shares of Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. BTIG Research reaffirmed a “buy” rating and set a $45.00 price objective on shares of Samsara in a research report on Friday, June 26th. BMO Capital Markets increased their target price on shares of Samsara from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Finally, Wolfe Research restated an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Samsara presently has an average rating of “Moderate Buy” and a consensus price target of $45.94.

Get Our Latest Research Report on IOT

Samsara Stock Up 8.2%

The company has a market capitalization of $20.45 billion, a P/E ratio of 350.99, a PEG ratio of 7.53 and a beta of 1.34. The stock has a fifty day simple moving average of $31.43 and a 200-day simple moving average of $31.59.

Samsara (NYSE:IOT – Get Free Report) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $478.84 million for the quarter, compared to analyst estimates of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. Analysts predict that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider John Bicket sold 168,227 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $28.58, for a total transaction of $4,807,927.66. Following the transaction, the insider owned 15,200 shares in the company, valued at $434,416. This represents a 91.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjit Biswas sold 168,272 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $28.58, for a total transaction of $4,809,213.76. Following the transaction, the insider owned 15,200 shares in the company, valued at $434,416. The trade was a 91.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,459,353 shares of company stock worth $139,201,972 in the last 90 days. Corporate insiders own 35.13% of the company’s stock.

Institutional Trading of Samsara

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its stake in shares of Samsara by 15.0% during the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock worth $1,689,565,000 after purchasing an additional 6,208,553 shares during the last quarter. Vanguard Group Inc. raised its stake in Samsara by 11.5% in the fourth quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after buying an additional 3,417,849 shares during the period. Sands Capital Management LLC grew its stake in Samsara by 6.4% in the 3rd quarter. Sands Capital Management LLC now owns 20,518,332 shares of the company’s stock valued at $764,308,000 after buying an additional 1,242,122 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Samsara by 58.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after purchasing an additional 4,401,082 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Samsara by 42.1% during the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock worth $397,536,000 after buying an additional 3,322,023 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Samsara Company Profile

(Get Free Report)

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.