Samsara (NYSE:IOT) Given New $55.00 Price Target at TD Cowen

by · The Cerbat Gem

Samsara (NYSE:IOT – Get Free Report) had its price target lifted by equities research analysts at TD Cowen from $49.00 to $55.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price indicates a potential upside of 17.11% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Morgan Stanley increased their price target on shares of Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, September 8th. Bank of America increased their price objective on shares of Samsara from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets boosted their price objective on Samsara from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday. Zacks Research cut shares of Samsara from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, Royal Bank Of Canada boosted their price objective on Samsara from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Friday. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.50.

Check Out Our Latest Stock Report on IOT

Samsara Stock Up 15.4%

Samsara stock traded up $6.25 during midday trading on Friday, hitting $46.96. The company’s stock had a trading volume of 10,688,815 shares, compared to its average volume of 4,915,429. The stock’s 50-day moving average price is $38.31 and its 200-day moving average price is $38.83. The company has a market capitalization of $26.94 billion, a PE ratio of -292.80 and a beta of 1.61. Samsara has a 12 month low of $31.40 and a 12 month high of $61.90.

Samsara (NYSE:IOT – Get Free Report) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The firm had revenue of $415.98 million for the quarter, compared to analyst estimates of $398.92 million. During the same quarter last year, the firm earned $0.07 earnings per share. The company’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. As a group, equities analysts anticipate that Samsara will post -0.3 EPS for the current year.

Insider Activity

In other Samsara news, insider John Bicket sold 170,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $38.35, for a total transaction of $6,519,500.00. Following the completion of the transaction, the insider owned 36,000 shares of the company’s stock, valued at $1,380,600. This represents a 82.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total value of $30,582,910.05. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,730,107 shares of company stock worth $143,045,198 over the last ninety days. 46.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Samsara

A number of institutional investors have recently bought and sold shares of IOT. Vanguard Group Inc. grew its position in shares of Samsara by 18.3% during the second quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company’s stock valued at $1,106,012,000 after purchasing an additional 4,307,755 shares in the last quarter. Norges Bank bought a new position in shares of Samsara in the second quarter worth about $134,950,000. State Street Corp increased its position in shares of Samsara by 107.8% during the second quarter. State Street Corp now owns 5,611,956 shares of the company’s stock worth $223,244,000 after acquiring an additional 2,910,916 shares during the period. Sands Capital Management LLC lifted its holdings in shares of Samsara by 17.2% in the 2nd quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company’s stock worth $766,808,000 after buying an additional 2,833,049 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Samsara by 363.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,181,099 shares of the company’s stock valued at $118,496,000 after purchasing an additional 2,494,368 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Samsara Company Profile

(Get Free Report)

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.

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