Samsara (NYSE:IOT) Trading Down 7.4% – What’s Next?

Samsara Inc. (NYSE:IOT)’s stock price dropped 7.4% during mid-day trading on Thursday . The company traded as low as $27.30 and last traded at $27.14. Approximately 1,104,584 shares were traded during trading, a decline of 86% from the average daily volume of 8,161,588 shares. The stock had previously closed at $29.30.

Analysts Set New Price Targets

IOT has been the topic of a number of research analyst reports. Piper Sandler restated an “overweight” rating and set a $39.00 price target (up from $37.00) on shares of Samsara in a report on Friday, March 6th. BNP Paribas Exane upgraded Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Thursday, January 15th. Truist Financial reduced their target price on Samsara from $39.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, February 17th. KeyCorp upped their target price on Samsara from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Samsara in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.18.

Samsara Trading Down 8.6%

The business has a fifty day simple moving average of $29.60 and a two-hundred day simple moving average of $34.73. The stock has a market cap of $15.56 billion, a PE ratio of -1,341.38, a P/E/G ratio of 11.83 and a beta of 1.50.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, March 5th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. Samsara had a negative return on equity of 0.72% and a negative net margin of 0.56%.The firm had revenue of $444.30 million for the quarter, compared to the consensus estimate of $422.29 million. During the same quarter in the prior year, the business earned $0.11 EPS. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. On average, research analysts predict that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other news, insider John Bicket sold 10,009 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $30.96, for a total value of $309,878.64. Following the sale, the insider directly owned 985,828 shares of the company’s stock, valued at $30,521,234.88. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dominic Phillips sold 20,139 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $31.81, for a total value of $640,621.59. Following the completion of the sale, the insider directly owned 462,801 shares in the company, valued at approximately $14,721,699.81. This represents a 4.17% decrease in their ownership of the stock. 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 sold 2,167,410 shares of company stock valued at $62,480,340. 46.49% of the stock is owned by company insiders.

Institutional Trading of Samsara

A number of hedge funds have recently made changes to their positions in IOT. Baillie Gifford & Co. boosted its position in shares of Samsara by 15.0% in the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock worth $1,689,565,000 after purchasing an additional 6,208,553 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Samsara by 58.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock worth $421,079,000 after purchasing an additional 4,401,082 shares in the last quarter. Norges Bank bought a new stake in shares of Samsara in the 4th quarter worth approximately $127,415,000. Vanguard Group Inc. lifted its position in Samsara by 11.5% in the 4th quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after acquiring an additional 3,417,849 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in Samsara by 42.1% in the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after acquiring an additional 3,322,023 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

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.