Royal Bank Of Canada Increases Samsara (NYSE:IOT) Price Target to $50.00

Samsara (NYSE:IOT) had its price objective hoisted by analysts at Royal Bank Of Canada from $46.00 to $50.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 8.91% from the company’s current price.

Several other equities research analysts have also recently issued reports on IOT. Wall Street Zen cut Samsara from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. BMO Capital Markets increased their target price on Samsara from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial upped their price target on shares of Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, September 5th. Zacks Research cut shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Finally, Cowen reissued a “buy” rating on shares of Samsara in a research note on Friday. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $49.73.

Samsara Stock Performance

Shares of Samsara stock opened at $45.91 on Friday. Samsara has a fifty-two week low of $31.40 and a fifty-two week high of $61.90. The company has a market capitalization of $26.33 billion, a P/E ratio of -288.88 and a beta of 1.61. The company has a fifty day moving average of $38.31 and a 200 day moving average of $38.83.

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

Insider Activity at Samsara

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 shares were sold at an average price of $36.04, for a total value of $171,802.68. Following the completion of the transaction, the insider owned 302,698 shares of the company’s stock, valued at $10,909,235.92. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Bicket sold 24,162 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $38.15, for a total value of $921,780.30. Following the sale, the insider owned 218,173 shares of the company’s stock, valued at $8,323,299.95. This trade represents a 9.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,730,107 shares of company stock worth $143,045,198 over the last three months. 46.49% of the stock is owned by corporate insiders.

Institutional Trading of Samsara

Several hedge funds have recently modified their holdings of the company. Brighton Jones LLC bought a new position in shares of Samsara during the 4th quarter worth approximately $13,464,000. Avantax Advisory Services Inc. acquired a new stake in shares of Samsara in the 1st quarter worth $357,000. Cetera Investment Advisers increased its position in Samsara by 14.6% during the 1st quarter. Cetera Investment Advisers now owns 32,121 shares of the company’s stock valued at $1,231,000 after buying an additional 4,103 shares in the last quarter. Natixis Advisors LLC acquired a new stake in Samsara in the first quarter worth about $715,000. Finally, US Bancorp DE grew its stake in shares of Samsara by 294.3% during the first quarter. US Bancorp DE now owns 20,832 shares of the company’s stock worth $798,000 after acquiring an additional 15,549 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

About Samsara

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.