Samsara (NYSE:IOT) Price Target Cut to $43.00 by Analysts at Wells Fargo & Company

Samsara (NYSE:IOT) had its price target reduced by Wells Fargo & Company from $52.00 to $43.00 in a research note published on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other equities analysts also recently issued reports on the company. BTIG Research began coverage on Samsara in a research report on Tuesday, December 16th. They issued a “buy” rating and a $55.00 price objective for the company. BMO Capital Markets lifted their price target on Samsara from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Jefferies Financial Group set a $57.00 price target on shares of Samsara in a research report on Wednesday, December 10th. Piper Sandler raised their price objective on shares of Samsara from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. Finally, Royal Bank Of Canada reduced their target price on shares of Samsara from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.53.

Samsara Stock Up 1.7%

Shares of Samsara stock opened at $25.08 on Wednesday. Samsara has a 12-month low of $23.38 and a 12-month high of $61.90. The stock has a market capitalization of $14.47 billion, a P/E ratio of -313.50 and a beta of 1.61. The company has a 50-day simple moving average of $35.63 and a 200 day simple moving average of $36.84.

Samsara (NYSE:IOT) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11). The firm had revenue of $415.98 million during the quarter, compared to analyst estimates of $398.92 million. Samsara had a negative net margin of 2.79% and a negative return on equity of 3.49%. Samsara’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the firm 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. On average, equities analysts anticipate that Samsara will post -0.3 earnings per share for the current year.

Insider Buying and Selling at Samsara

In related news, insider Sanjit Biswas sold 263,900 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $32.43, for a total value of $8,558,277.00. Following the transaction, the insider directly owned 78,800 shares in the company, valued at $2,555,484. This represents a 77.01% 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, CAO Benjamin Louis Kirchhoff sold 1,683 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $34.53, for a total transaction of $58,113.99. Following the completion of the transaction, the chief accounting officer directly owned 95,610 shares in the company, valued at approximately $3,301,413.30. The trade was a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,526,211 shares of company stock valued at $90,443,417 over the last 90 days. Company insiders own 46.49% of the company’s stock.

Hedge Funds Weigh In On Samsara

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. increased its stake in Samsara by 15.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock valued at $1,689,565,000 after purchasing an additional 6,208,553 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Samsara by 18.3% during the second quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company’s stock worth $1,106,012,000 after purchasing an additional 4,307,755 shares in the last quarter. Norges Bank acquired a new position in shares of Samsara in the 2nd quarter valued at $134,950,000. State Street Corp increased its position in shares of Samsara by 107.8% in the 2nd quarter. State Street Corp now owns 5,611,956 shares of the company’s stock valued at $223,244,000 after buying an additional 2,910,916 shares in the last quarter. Finally, Sands Capital Management LLC raised its stake in Samsara by 17.2% during the 2nd quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company’s stock worth $766,808,000 after buying an additional 2,833,049 shares during the period. 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.