Wells Fargo & Company Has Lowered Expectations for Samsara (NYSE:IOT) Stock Price

Samsara (NYSE:IOT) had its price target reduced by equities researchers at Wells Fargo & Company from $52.00 to $43.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 74.72% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of Samsara from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. TD Cowen reissued a “buy” rating on shares of Samsara in a report on Friday, December 5th. BTIG Research started coverage on shares of Samsara in a research report on Tuesday, December 16th. They set a “buy” rating and a $55.00 price target for the company. KeyCorp started coverage on shares of Samsara in a research report on Tuesday, December 9th. They set an “overweight” rating and a $55.00 target price for the company. Finally, Zacks Research downgraded shares of Samsara from a “strong-buy” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Samsara currently has an average rating of “Moderate Buy” and a consensus target price of $49.53.

Samsara Stock Down 0.2%

Shares of Samsara stock traded down $0.04 during trading on Wednesday, reaching $24.61. The company’s stock had a trading volume of 3,752,441 shares, compared to its average volume of 7,790,638. Samsara has a 52-week low of $23.38 and a 52-week high of $61.90. The firm’s 50-day moving average is $35.87 and its two-hundred day moving average is $36.93. The company has a market cap of $14.20 billion, a price-to-earnings ratio of -308.21 and a beta of 1.61.

Samsara (NYSE:IOT) last released its earnings results on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.11). Samsara had a negative net margin of 2.79% and a negative return on equity of 3.49%. The business had revenue of $415.98 million for the quarter, compared to analysts’ expectations of $398.92 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. Samsara’s revenue for the quarter 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. On average, equities research analysts anticipate that Samsara will post -0.3 EPS for the current year.

Insider Activity

In related news, insider Sanjit Biswas sold 263,900 shares of Samsara stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $34.40, for a total value of $9,078,160.00. Following the completion of the transaction, the insider owned 89,400 shares in the company, valued at approximately $3,075,360. The trade was a 74.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Bicket sold 263,900 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $34.40, for a total transaction of $9,078,160.00. Following the sale, the insider owned 89,400 shares in the company, valued at $3,075,360. The trade was a 74.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 2,526,211 shares of company stock worth $90,443,417. 46.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Samsara

Several large investors have recently modified their holdings of IOT. Lazard Asset Management LLC increased its holdings in shares of Samsara by 2.0% in the 3rd quarter. Lazard Asset Management LLC now owns 13,971 shares of the company’s stock valued at $520,000 after acquiring an additional 279 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of Samsara by 0.3% during the third quarter. KLP Kapitalforvaltning AS now owns 113,900 shares of the company’s stock valued at $4,243,000 after purchasing an additional 300 shares during the last quarter. Jefferies Financial Group Inc. raised its holdings in shares of Samsara by 1.6% in the 3rd quarter. Jefferies Financial Group Inc. now owns 20,995 shares of the company’s stock worth $782,000 after purchasing an additional 322 shares in the last quarter. Cim LLC raised its position in Samsara by 1.0% during the third quarter. Cim LLC now owns 32,700 shares of the company’s stock valued at $1,218,000 after acquiring an additional 326 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after buying an additional 335 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.