Samsara (NYSE:IOT) Trading 9.4% Higher – What’s Next?

Samsara Inc. (NYSE:IOT)’s share price was up 9.4% on Wednesday . The company traded as high as $35.54 and last traded at $35.48. 1,784,436 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 7,345,926 shares. The stock had previously closed at $32.43.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Wolfe Research reaffirmed an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. BMO Capital Markets lifted their price target 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. Piper Sandler reissued an “overweight” rating and set a $40.00 price target (up from $39.00) on shares of Samsara in a research note on Friday, June 5th. Finally, Royal Bank Of Canada increased their price objective on shares of Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.94.

Samsara Stock Up 5.4%

The company has a market capitalization of $20.99 billion, a P/E ratio of 360.17, a price-to-earnings-growth ratio of 8.01 and a beta of 1.35. The business has a fifty day moving average price of $31.59 and a 200 day moving average price of $31.49.

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

Insider Activity

In related news, insider Adam Eltoukhy sold 2,039 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $32.08, for a total transaction of $65,411.12. Following the sale, the insider owned 425,080 shares in the company, valued at approximately $13,636,566.40. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Benjamin Louis Kirchhoff sold 2,549 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $33.74, for a total value of $86,003.26. Following the transaction, the chief accounting officer directly owned 167,269 shares of the company’s stock, valued at $5,643,656.06. This trade represents a 1.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 4,468,937 shares of company stock worth $139,569,327. 35.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Samsara

A number of institutional investors and hedge funds have recently made changes to their positions in IOT. Lazard Asset Management LLC lifted its position in shares of Samsara by 2.0% in the 3rd quarter. Lazard Asset Management LLC now owns 13,971 shares of the company’s stock worth $520,000 after purchasing an additional 279 shares during the period. Jefferies Financial Group Inc. increased its position in shares of Samsara by 1.6% during the third quarter. Jefferies Financial Group Inc. now owns 20,995 shares of the company’s stock worth $782,000 after buying an additional 322 shares during the period. Cim LLC raised its stake in Samsara by 1.0% during the third quarter. Cim LLC now owns 32,700 shares of the company’s stock worth $1,218,000 after buying an additional 326 shares during the last quarter. Empowered Funds LLC raised its stake in Samsara by 3.4% during the first 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, IFG Advisory LLC lifted its holdings in Samsara by 0.8% in the fourth quarter. IFG Advisory LLC now owns 44,814 shares of the company’s stock valued at $1,589,000 after buying an additional 372 shares during the period. Institutional investors 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.