Samsara Inc. (NYSE:IOT) Receives $46.18 Consensus Price Target from Brokerages

Shares of Samsara Inc. (NYSE:IOT) have been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, twelve have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $46.1765.

IOT has been the subject of several recent analyst reports. The Goldman Sachs Group set a $45.00 target price on shares of Samsara in a report on Monday, March 2nd. Truist Financial reduced their price target on shares of Samsara from $39.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, February 17th. KeyCorp raised their price objective on shares of Samsara from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. BMO Capital Markets lifted their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Samsara from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, December 5th.

Insiders Place Their Bets

In related news, insider Sanjit Biswas sold 263,900 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $34.40, for a total transaction of $9,078,160.00. Following the transaction, the insider directly owned 89,400 shares of the company’s stock, valued at approximately $3,075,360. The trade was a 74.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Bicket sold 263,900 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $34.40, for a total value of $9,078,160.00. Following the completion of the sale, the insider directly owned 89,400 shares of the company’s stock, valued at approximately $3,075,360. This represents a 74.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,564,954 shares of company stock worth $78,561,582 in the last quarter. 46.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Samsara

Large investors have recently made changes to their positions in the business. Baillie Gifford & Co. boosted its holdings in shares of Samsara by 15.0% during the fourth 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 period. Goldman Sachs Group Inc. increased its stake in Samsara by 58.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after buying an additional 4,401,082 shares during the period. Vanguard Group Inc. lifted its position in Samsara by 18.3% in the 2nd quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company’s stock worth $1,106,012,000 after buying an additional 4,307,755 shares in the last quarter. Norges Bank purchased a new stake in Samsara in the 4th quarter worth approximately $127,415,000. Finally, Brown Advisory Inc. boosted its stake in shares of Samsara by 42.1% during the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after buying an additional 3,322,023 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Stock Up 3.4%

Shares of NYSE IOT opened at $33.69 on Friday. Samsara has a 12 month low of $23.38 and a 12 month high of $48.40. The company has a market cap of $19.44 billion, a price-to-earnings ratio of -1,683.61, a P/E/G ratio of 11.94 and a beta of 1.60. The business has a fifty day simple moving average of $30.02 and a 200-day simple moving average of $35.47.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The firm had revenue of $444.30 million for the quarter, compared to analysts’ expectations of $422.29 million. Samsara had a negative return on equity of 0.75% and a negative net margin of 0.56%.Samsara’s revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. As a group, sell-side analysts expect that Samsara will post -0.3 EPS for the current fiscal year.

Samsara Company Profile

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.