BTIG Research Reaffirms “Buy” Rating for Samsara (NYSE:IOT)

Samsara (NYSE:IOT)‘s stock had its “buy” rating reissued by equities research analysts at BTIG Research in a report issued on Friday,Benzinga reports. They presently have a $45.00 price objective on the stock. BTIG Research’s price objective indicates a potential upside of 55.95% from the stock’s previous close.

IOT has been the topic of a number of other research reports. Jefferies Financial Group upgraded Samsara to a “buy” rating in a research note on Thursday, June 11th. Wells Fargo & Company upped their price objective on shares of Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Zacks Research downgraded shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group set a $45.00 target price on shares of Samsara in a report on Monday, March 2nd. Finally, KeyCorp boosted their target price on shares of Samsara from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Samsara has a consensus rating of “Moderate Buy” and a consensus target price of $45.94.

Samsara Stock Down 7.6%

NYSE IOT opened at $28.86 on Friday. The firm has a 50-day moving average price of $31.30 and a two-hundred day moving average price of $31.85. Samsara has a 12-month low of $23.38 and a 12-month high of $47.47. The company has a market capitalization of $16.81 billion, a P/E ratio of 288.59, a P/E/G ratio of 7.30 and a beta of 1.34.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The company had revenue of $478.84 million for the quarter, compared to analysts’ expectations of $455.21 million. During the same period last year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. 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 will post 0.15 EPS for the current year.

Insider Buying and Selling at Samsara

In related news, Director Marc L. Andreessen sold 613,660 shares of Samsara stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $32.27, for a total transaction of $19,802,808.20. Following the sale, the director directly owned 2,256,487 shares of the company’s stock, valued at approximately $72,816,835.49. The trade was a 21.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sanjit Biswas sold 168,272 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $28.58, for a total transaction of $4,809,213.76. Following the transaction, the insider owned 15,200 shares of the company’s stock, valued at $434,416. This trade represents a 91.72% 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. Insiders have sold a total of 4,984,863 shares of company stock worth $155,814,055 over the last 90 days. Insiders own 35.13% of the company’s stock.

Hedge Funds Weigh In On Samsara

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. boosted its stake 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 valued at $1,689,565,000 after purchasing an additional 6,208,553 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Samsara by 11.5% in the fourth quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after buying an additional 3,417,849 shares during the period. Sands Capital Management LLC lifted its holdings in Samsara by 6.4% in the third quarter. Sands Capital Management LLC now owns 20,518,332 shares of the company’s stock valued at $764,308,000 after buying an additional 1,242,122 shares during the period. Goldman Sachs Group Inc. boosted its position in 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 during the last quarter. Finally, Brown Advisory Inc. grew its holdings in Samsara by 42.1% during the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock worth $397,536,000 after acquiring an additional 3,322,023 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

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.