JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Samsara (NYSE:IOT) Stock

Samsara (NYSE:IOT) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $46.00 to $48.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 1.45% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Truist Financial raised their price target on shares of Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Royal Bank Of Canada lifted their target price on Samsara from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Friday. Bank of America boosted their target price on Samsara from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday. Cowen reiterated a “buy” rating on shares of Samsara in a research note on Friday. Finally, Morgan Stanley boosted their price objective on Samsara from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, September 8th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $50.09.

Samsara Trading Up 16.2%

Samsara stock traded up $6.61 during midday trading on Friday, reaching $47.32. 5,276,568 shares of the stock traded hands, compared to its average volume of 4,886,314. The firm has a market cap of $27.14 billion, a PE ratio of -293.78 and a beta of 1.61. The company has a 50-day simple moving average of $38.31 and a two-hundred day simple moving average of $38.83. Samsara has a 12-month low of $31.40 and a 12-month high of $61.90.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $415.98 million for the quarter, compared to analysts’ expectations of $398.92 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The business’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. Equities research analysts anticipate that Samsara will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Adam Eltoukhy sold 4,767 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $36.04, for a total transaction of $171,802.68. Following the completion of the sale, the insider owned 302,698 shares in the company, valued at $10,909,235.92. The trade was a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Bicket sold 24,162 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $38.15, for a total transaction of $921,780.30. Following the completion of the transaction, the insider owned 218,173 shares in the company, valued at $8,323,299.95. This represents a 9.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,730,107 shares of company stock valued at $143,045,198 in the last ninety days. Insiders own 46.49% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. IFP Advisors Inc raised its stake in Samsara by 194.4% during the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock worth $47,000 after acquiring an additional 828 shares in the last quarter. Swiss Life Asset Management Ltd boosted its stake in Samsara by 7.1% in the third quarter. Swiss Life Asset Management Ltd now owns 25,947 shares of the company’s stock valued at $967,000 after acquiring an additional 1,719 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new position in shares of Samsara during the third quarter worth about $1,637,000. JPMorgan Chase & Co. increased its position in shares of Samsara by 20.6% during the third quarter. JPMorgan Chase & Co. now owns 1,664,688 shares of the company’s stock worth $62,010,000 after purchasing an additional 284,174 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Samsara in the 3rd quarter valued at about $379,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.