Samsara (NYSE:IOT) Upgraded by BTIG Research to Strong-Buy Rating

Samsara (NYSE:IOT) was upgraded by equities research analysts at BTIG Research to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Morgan Stanley increased their price objective on shares of Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, September 8th. Jefferies Financial Group set a $57.00 price objective on Samsara in a research report on Wednesday, December 10th. JPMorgan Chase & Co. raised their target price on Samsara from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Evercore ISI set a $50.00 price target on shares of Samsara and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, BMO Capital Markets increased their price target on shares of Samsara from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.53.

Samsara Stock Performance

IOT traded up $0.61 during midday trading on Tuesday, reaching $38.84. 191,135 shares of the company were exchanged, compared to its average volume of 5,005,992. The company has a market cap of $22.28 billion, a price-to-earnings ratio of -486.19 and a beta of 1.61. Samsara has a one year low of $31.40 and a one year high of $61.90. The company’s fifty day moving average price is $38.95 and its 200 day moving average price is $38.52.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.11). The company had revenue of $415.98 million for the quarter, compared to the consensus estimate of $398.92 million. Samsara had a negative return on equity of 3.49% and a negative net margin of 2.79%.The company’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 EPS. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. As a group, sell-side analysts anticipate that Samsara will post -0.3 earnings per share for the current fiscal year.

Insider Transactions at Samsara

In other news, insider John Bicket sold 170,000 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $38.35, for a total value of $6,519,500.00. Following the completion of the transaction, the insider directly owned 36,000 shares of the company’s stock, valued at $1,380,600. This trade represents a 82.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sanjit Biswas sold 160,000 shares of Samsara stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $38.63, for a total value of $6,180,800.00. Following the transaction, the insider directly owned 30,000 shares of the company’s stock, valued at $1,158,900. The trade was a 84.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,141,240 shares of company stock valued at $82,145,296 in the last quarter. Company insiders own 46.49% of the company’s stock.

Institutional Trading of Samsara

Several institutional investors and hedge funds have recently bought and sold shares of IOT. Gerber Kawasaki Wealth & Investment Management lifted its position in shares of Samsara by 0.5% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 54,000 shares of the company’s stock worth $2,070,000 after purchasing an additional 250 shares during the period. Lazard Asset Management LLC raised its stake in Samsara by 2.0% in the third quarter. Lazard Asset Management LLC now owns 13,971 shares of the company’s stock worth $520,000 after buying an additional 279 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in Samsara by 0.3% in the third quarter. KLP Kapitalforvaltning AS now owns 113,900 shares of the company’s stock worth $4,243,000 after buying an additional 300 shares during the period. Jefferies Financial Group Inc. grew its holdings in shares of Samsara by 1.6% during the 3rd quarter. Jefferies Financial Group Inc. now owns 20,995 shares of the company’s stock worth $782,000 after acquiring an additional 322 shares during the period. Finally, Cim LLC raised its position in shares of Samsara by 1.0% in the 3rd quarter. Cim LLC now owns 32,700 shares of the company’s stock worth $1,218,000 after acquiring an additional 326 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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.