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

Guggenheim upgraded shares of Samsara (NYSE:IOT) to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

Several other equities research analysts have also commented on IOT. Piper Sandler reiterated an “overweight” rating and set a $40.00 price objective (up from $39.00) on shares of Samsara in a research note on Friday, June 5th. Jefferies Financial Group raised Samsara to a “buy” rating in a research note on Thursday, June 11th. BTIG Research reiterated a “buy” rating and set a $45.00 price target on shares of Samsara in a research report on Friday, June 26th. Zacks Research downgraded Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, KeyCorp restated an “overweight” rating on shares of Samsara in a report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.33.

Samsara Stock Down 5.2%

IOT opened at $31.58 on Wednesday. The company has a market cap of $18.40 billion, a price-to-earnings ratio of 315.84, a PEG ratio of 7.81 and a beta of 1.35. Samsara has a 52-week low of $23.38 and a 52-week high of $47.47. The firm’s fifty day simple moving average is $33.71 and its two-hundred day simple moving average is $31.42.

Samsara (NYSE:IOT) last released its earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The business had revenue of $478.84 million during the quarter, compared to analysts’ expectations of $455.21 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The company’s quarterly revenue was up 30.5% on a year-over-year basis. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, research analysts forecast that Samsara will post 0.15 EPS for the current year.

Insiders Place Their Bets

In other Samsara news, insider Adam Eltoukhy sold 3,653 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $37.00, for a total transaction of $135,161.00. Following the transaction, the insider owned 425,080 shares of the company’s stock, valued at approximately $15,727,960. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 17,975 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $35.11, for a total value of $631,102.25. Following the completion of the sale, the insider owned 1,758,795 shares of the company’s stock, valued at approximately $61,751,292.45. The trade was a 1.01% 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 sold 4,464,637 shares of company stock valued at $144,511,167. Insiders own 35.13% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Samsara during the fourth quarter worth about $13,464,000. Royal Bank of Canada grew its stake in shares of Samsara by 100.3% in the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock valued at $3,686,000 after buying an additional 48,135 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Samsara by 2,444.6% in the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock valued at $682,000 after buying an additional 17,088 shares during the period. Empowered Funds LLC increased its holdings in shares of Samsara by 3.4% during the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after buying an additional 335 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Samsara by 142.4% during the 2nd quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock valued at $2,739,000 after buying an additional 40,450 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

About Samsara

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.