Samsara (NYSE:IOT) Upgraded to “Strong-Buy” at Cantor Fitzgerald

Samsara (NYSE:IOT) was upgraded by equities research analysts at Cantor Fitzgerald to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

Several other research analysts have also recently issued reports on IOT. Wells Fargo & Company lifted their target price on shares of Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. TD Cowen increased their price target on shares of Samsara from $48.00 to $53.00 and gave the company a “buy” rating in a report on Friday, September 4th. Morgan Stanley raised their price target on shares of Samsara from $43.00 to $49.00 and gave the company an “equal weight” rating in a research report on Friday, September 4th. Wall Street Zen upgraded Samsara from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, BNP Paribas Exane upped their price target on Samsara from $40.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.05.

Samsara Price Performance

Shares of NYSE:IOT opened at $41.62 on Monday. The business has a fifty day moving average price of $38.48 and a 200-day moving average price of $33.93. The company has a market capitalization of $24.25 billion, a PE ratio of 260.14, a PEG ratio of 10.57 and a beta of 1.35. Samsara has a 1-year low of $23.38 and a 1-year high of $47.47.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The company had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. During the same quarter in the previous year, the business posted $0.12 EPS. Samsara’s revenue was up 29.9% compared to the same quarter last year. 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, sell-side analysts anticipate that Samsara will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider John Bicket sold 245,925 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $36.77, for a total value of $9,042,662.25. Following the sale, the insider owned 94,000 shares in the company, valued at approximately $3,456,380. This trade represents a 72.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 244,805 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total transaction of $9,001,479.85. Following the completion of the sale, the chief executive officer owned 94,000 shares in the company, valued at $3,456,380. This represents a 72.26% decrease in their position. 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 90 days, insiders have sold 2,219,206 shares of company stock worth $83,821,258. 35.13% of the stock is owned by insiders.

Institutional Trading of Samsara

Large investors have recently modified their holdings of the company. USS Investment Management Ltd purchased a new stake in shares of Samsara in the first quarter worth $28,232,000. Spyglass Capital Management LLC raised its position in shares of Samsara by 25.5% during the 1st quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after purchasing an additional 599,651 shares during the period. Allen Operations LLC lifted its stake in shares of Samsara by 83.3% during the 4th quarter. Allen Operations LLC now owns 66,020 shares of the company’s stock valued at $2,340,000 after buying an additional 30,000 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Samsara by 17.8% during the 4th quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock valued at $219,035,000 after buying an additional 935,855 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Samsara by 42.1% in the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock worth $397,536,000 after buying an additional 3,322,023 shares during the period. Institutional investors own 96.02% of the company’s stock.

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.