Samsara (NYSE:IOT) Trading Up 9.4% – Still a Buy?

Shares of Samsara Inc. (NYSE:IOT) shot up 9.4% during mid-day trading on Monday . The company traded as high as $36.13 and last traded at $36.2230. Approximately 2,065,889 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 7,120,104 shares. The stock had previously closed at $33.11.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IOT shares. Weiss Ratings raised Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, June 15th. BTIG Research reissued a “buy” rating and issued a $45.00 price target on shares of Samsara in a research note on Friday, June 26th. Morgan Stanley set a $43.00 price objective on shares of Samsara in a research report on Tuesday, July 21st. Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Guggenheim assumed coverage on Samsara in a report on Wednesday. They issued a “buy” rating and a $45.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.33.

Samsara Trading Up 9.4%

The firm has a fifty day simple moving average of $33.78 and a two-hundred day simple moving average of $31.41. The firm has a market cap of $21.10 billion, a PE ratio of 362.22, a PEG ratio of 7.43 and a beta of 1.35.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $478.84 million during the quarter, compared to analyst estimates of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. Equities analysts expect that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Marc L. Andreessen sold 613,660 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $32.27, for a total value of $19,802,808.20. Following the completion of the transaction, the director owned 2,256,487 shares of the company’s stock, valued at approximately $72,816,835.49. This represents a 21.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjit Biswas sold 244,805 shares of Samsara 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 $9,001,479.85. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 4,464,637 shares of company stock worth $144,511,167. Company insiders own 35.13% of the company’s stock.

Institutional Trading of Samsara

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. lifted its stake in shares of Samsara by 15.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock worth $1,689,565,000 after buying an additional 6,208,553 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Samsara by 58.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after acquiring an additional 4,401,082 shares in the last quarter. Norges Bank purchased a new position in Samsara in the 4th quarter worth approximately $127,415,000. Vanguard Group Inc. raised its holdings in Samsara by 11.5% in the 4th quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock worth $1,174,620,000 after acquiring an additional 3,417,849 shares during 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. Hedge funds and other institutional investors own 96.02% of the company’s stock.

About Samsara

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.