Samsara (NYSE:IOT) Rating Increased to Strong-Buy at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Samsara (NYSE:IOT) to a strong-buy rating in a report issued on Monday,Zacks reports.

Several other research firms also recently weighed in on IOT. Wolfe Research restated an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. Jefferies Financial Group raised Samsara to a “buy” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded Samsara from a “hold” rating to a “buy” rating in a research note on Saturday. Guggenheim boosted their target price on Samsara from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Finally, Royal Bank Of Canada increased their target price on Samsara from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.05.

Samsara Price Performance

Shares of NYSE IOT opened at $41.62 on Monday. Samsara has a 1 year low of $23.38 and a 1 year high of $47.47. The stock has a market cap of $24.25 billion, a P/E ratio of 260.14, a price-to-earnings-growth ratio of 10.57 and a beta of 1.35. The firm has a 50-day moving average of $38.48 and a 200 day moving average of $33.93.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business 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 company earned $0.12 earnings per share. The business’s revenue was up 29.9% compared to the same quarter last year. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Research analysts expect that Samsara will post 0.13 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Sanjit Biswas sold 35,366 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were 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. This trade represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Dominic Phillips sold 11,710 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $44.25, for a total transaction of $518,167.50. Following the sale, the insider directly owned 836,100 shares of the company’s stock, valued at $36,997,425. This trade represents a 1.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 2,219,206 shares of company stock worth $83,821,258. Corporate insiders own 35.13% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. USS Investment Management Ltd purchased a new stake in Samsara during the first quarter valued at $28,232,000. Spyglass Capital Management LLC boosted its position in Samsara by 25.5% in the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock worth $93,379,000 after purchasing an additional 599,651 shares during the last quarter. Allen Operations LLC boosted its position in Samsara by 83.3% in the fourth quarter. Allen Operations LLC now owns 66,020 shares of the company’s stock worth $2,340,000 after purchasing an additional 30,000 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Samsara by 17.8% during the 4th quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock valued at $219,035,000 after purchasing an additional 935,855 shares during the period. Finally, Brown Advisory Inc. grew 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 purchasing an additional 3,322,023 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

About Samsara

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.