Cantor Fitzgerald Upgrades Samsara (NYSE:IOT) to “Strong-Buy”

Samsara (NYSE:IOT) was upgraded by analysts at Cantor Fitzgerald to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

Several other research firms have also recently commented on IOT. BTIG Research boosted their target price on Samsara from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Wall Street Zen upgraded Samsara from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada boosted their price objective on Samsara from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Evercore restated an “outperform” rating and issued a $55.00 price objective on shares of Samsara in a research report on Friday, September 4th. Finally, BNP Paribas Exane raised their target price on shares of Samsara from $40.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.05.

Samsara Price Performance

Shares of NYSE:IOT opened at $41.62 on Monday. The firm has a fifty day moving average price of $38.48 and a two-hundred day moving average price of $33.93. The company has a market cap of $24.25 billion, a price-to-earnings ratio of 260.14, a PEG ratio of 10.57 and a beta of 1.35. Samsara has a one year low of $23.38 and a one year high of $47.47.

Samsara (NYSE:IOT) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The firm had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The business’s quarterly revenue was up 29.9% on a year-over-year basis. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Equities research analysts expect that Samsara will post 0.13 EPS for the current fiscal year.

Insider Transactions at Samsara

In other Samsara news, CEO Sanjit Biswas sold 35,366 shares of Samsara stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $39.43, for a total transaction of $1,394,481.38. Following the completion of the sale, the chief executive officer owned 935,671 shares of the company’s stock, valued at $36,893,507.53. The trade was a 3.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dominic Phillips sold 11,710 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $44.25, for a total value of $518,167.50. Following the completion of the transaction, the insider owned 836,100 shares of the company’s stock, valued at $36,997,425. The trade was a 1.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 2,219,206 shares of company stock worth $83,821,258. Company insiders own 35.13% of the company’s stock.

Institutional Trading of Samsara

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new position in Samsara in the 2nd quarter worth $46,000. Tidal Investments LLC lifted its stake in shares of Samsara by 347.6% in the 2nd quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock valued at $2,339,000 after acquiring an additional 56,016 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Samsara in the 2nd quarter valued at about $671,000. RFG Advisory LLC boosted its holdings in Samsara by 1.9% during the 2nd quarter. RFG Advisory LLC now owns 111,482 shares of the company’s stock valued at $3,615,000 after acquiring an additional 2,117 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Samsara by 63.1% during the 2nd quarter. IFP Advisors Inc now owns 3,589 shares of the company’s stock valued at $116,000 after acquiring an additional 1,389 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara Company Profile

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company’s products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.