Samsara (NYSE:IOT) Raised to Strong-Buy at BTIG Research

Samsara (NYSE:IOT) was upgraded by equities research analysts at BTIG Research to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Cowen restated a “buy” rating on shares of Samsara in a research note on Friday, December 5th. BMO Capital Markets boosted their target price on shares of Samsara from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Morgan Stanley increased their price target on Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, September 8th. Piper Sandler upped their target price on Samsara from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Finally, Bank of America lifted their price target on Samsara from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.53.

Samsara Trading Up 1.6%

NYSE IOT traded up $0.61 on Tuesday, hitting $38.84. 191,135 shares of the company’s stock were exchanged, compared to its average volume of 5,005,992. The stock has a 50-day moving average of $38.95 and a 200-day moving average of $38.52. The stock has a market cap of $22.28 billion, a price-to-earnings ratio of -486.19 and a beta of 1.61. Samsara has a 52 week low of $31.40 and a 52 week high of $61.90.

Samsara (NYSE:IOT) last posted 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 business had revenue of $415.98 million for the quarter, compared to analyst estimates of $398.92 million. Samsara had a negative return on equity of 3.49% and a negative net margin of 2.79%.Samsara’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period last year, the firm posted $0.07 EPS. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. As a group, analysts predict that Samsara will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Sanjit Biswas sold 160,000 shares of the company’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $38.63, for a total transaction of $6,180,800.00. Following the sale, the insider owned 30,000 shares in the company, valued at $1,158,900. This represents a 84.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Bicket sold 170,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $38.35, for a total value of $6,519,500.00. Following the sale, the insider directly owned 36,000 shares of the company’s stock, valued at $1,380,600. This represents a 82.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,141,240 shares of company stock valued at $82,145,296 in the last three months. 46.49% of the stock is owned by insiders.

Institutional Trading of Samsara

Several hedge funds have recently modified their holdings of IOT. Catalyst Capital Advisors LLC acquired a new stake in Samsara in the second quarter worth $28,000. Versant Capital Management Inc raised its stake in Samsara by 6,078.6% during the 3rd quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock worth $32,000 after buying an additional 851 shares during the period. AlphaQuest LLC boosted its holdings in Samsara by 519.6% in the first quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock worth $40,000 after acquiring an additional 873 shares in the last quarter. Family Legacy Financial Solutions LLC acquired a new stake in Samsara in the second quarter valued at approximately $40,000. Finally, Whipplewood Advisors LLC grew its stake in Samsara by 349.8% in the second quarter. Whipplewood Advisors LLC now owns 1,093 shares of the company’s stock valued at $43,000 after acquiring an additional 850 shares during the period. Institutional investors 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.