Samsara (NYSE:IOT) Shares Gap Down – Here’s What Happened

Samsara Inc. (NYSE:IOT) shares gapped down prior to trading on Wednesday . The stock had previously closed at $40.15, but opened at $38.50. Samsara shares last traded at $38.3310, with a volume of 2,550,508 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IOT. Jefferies Financial Group raised Samsara to a “buy” rating in a research note on Thursday, June 11th. BTIG Research raised their price target on shares of Samsara from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Weiss Ratings raised Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Truist Financial lifted their target price on Samsara from $38.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, September 4th. Finally, BNP Paribas Exane raised their price objective on Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Samsara currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.44.

Samsara Stock Performance

The stock has a fifty day simple moving average of $38.08 and a two-hundred day simple moving average of $33.45. The stock has a market capitalization of $22.14 billion, a price-to-earnings ratio of 236.37, a P/E/G ratio of 9.03 and a beta of 1.35.

Samsara (NYSE:IOT) last released its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. The business had revenue of $508.44 million during the quarter, compared to analysts’ expectations of $483.29 million. Samsara had a return on equity of 4.27% and a net margin of 4.90%.The firm’s revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. 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 forecast that Samsara Inc. will post 0.15 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Marc Andreessen sold 613,660 shares of Samsara stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $32.27, for a total value of $19,802,808.20. Following the completion of the sale, the director owned 2,256,487 shares of the company’s stock, valued at approximately $72,816,835.49. This trade represents a 21.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sanjit Biswas sold 244,805 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $36.77, for a total transaction of $9,001,479.85. Following the completion of the transaction, the chief executive officer directly owned 94,000 shares in the company, valued at $3,456,380. This trade represents a 72.26% 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. Insiders have sold a total of 2,815,796 shares of company stock worth $102,734,129 in the last ninety days. Corporate insiders own 35.13% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IOT. California State Teachers Retirement System raised its position in Samsara by 3,119.1% in the 2nd quarter. California State Teachers Retirement System now owns 15,704,422 shares of the company’s stock valued at $484,256,000 after buying an additional 15,216,568 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Samsara by 58.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after purchasing an additional 4,401,082 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Samsara by 42.1% during the fourth 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 in the last quarter. Wellington Management Group LLP increased its stake in Samsara by 9.6% in the 2nd quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock valued at $302,494,000 after buying an additional 813,922 shares during the last quarter. Finally, State Street Corp increased its stake in Samsara by 15.8% in the 4th quarter. State Street Corp now owns 6,920,219 shares of the company’s stock valued at $245,322,000 after buying an additional 944,485 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

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.