Samsara (NYSE:IOT) Raised to “Buy” at Wall Street Zen

Samsara (NYSE:IOT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other brokerages have also commented on IOT. Truist Financial upped their target price on Samsara from $38.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, September 4th. Craig Hallum reiterated a “buy” rating and set a $54.00 price target on shares of Samsara in a research note on Friday, September 4th. BTIG Research boosted their price target on shares of Samsara from $45.00 to $54.00 and gave the company a “buy” rating in a report on Friday, September 4th. Piper Sandler reaffirmed a “neutral” rating and set a $46.00 price objective (up from $40.00) on shares of Samsara in a report on Friday, September 4th. Finally, Morgan Stanley raised their price objective on shares of Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a report on Friday, September 4th. Fifteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.44.

Samsara Stock Up 0.0%

IOT stock opened at $38.38 on Friday. Samsara has a twelve month low of $23.38 and a twelve month high of $47.47. The company has a market cap of $22.37 billion, a PE ratio of 239.89, a price-to-earnings-growth ratio of 9.45 and a beta of 1.35. The business’s 50-day simple moving average is $38.27 and its 200 day simple moving average is $33.71.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The firm had revenue of $508.44 million during the quarter, compared to analysts’ expectations of $483.29 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The company’s revenue for the quarter 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. On average, equities research analysts anticipate that Samsara will post 0.13 EPS for the current year.

Insider Buying and Selling at Samsara

In other Samsara news, insider Adam Eltoukhy sold 6,876 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $39.82, for a total value of $273,802.32. Following the transaction, the insider directly owned 425,080 shares of the company’s stock, valued at approximately $16,926,685.60. This trade represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 34,557 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $39.44, for a total transaction of $1,362,928.08. Following the completion of the transaction, the insider directly owned 1,134,795 shares in the company, valued at approximately $44,756,314.80. The trade was a 2.96% 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. In the last three months, insiders sold 2,219,206 shares of company stock valued at $83,821,258. 35.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Samsara

Institutional investors have recently made changes to their positions in the stock. Acumen Wealth Advisors LLC acquired a new position in Samsara in the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd grew its position in shares of Samsara by 312.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after buying an additional 669 shares during the period. AlphaCentric Advisors LLC acquired a new position in shares of Samsara during the 4th quarter worth about $36,000. Markowski Investments bought a new stake in shares of Samsara in the 2nd quarter valued at about $37,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of Samsara by 91.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock valued at $45,000 after acquiring an additional 656 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

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.