Samsara (NYSE:IOT) Shares Gap Up on Analyst Upgrade

Samsara Inc. (NYSE:IOT) gapped up prior to trading on Friday after Wells Fargo & Company raised their price target on the stock from $46.00 to $50.00. The stock had previously closed at $35.21, but opened at $36.63. Wells Fargo & Company currently has an overweight rating on the stock. Samsara shares last traded at $36.4920, with a volume of 5,376,697 shares trading hands.

A number of other equities research analysts also recently commented on the company. Zacks Research downgraded Samsara from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. KeyCorp lifted their price target on shares of Samsara from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. The Goldman Sachs Group set a $45.00 target price on Samsara in a research note on Monday, March 2nd. BTIG Research reiterated a “buy” rating and issued a $45.00 price target on shares of Samsara in a report on Friday. Finally, TD Cowen restated a “buy” rating on shares of Samsara in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.47.

Insider Activity

In related news, insider Sanjit Biswas sold 168,272 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $28.58, for a total value of $4,809,213.76. Following the completion of the sale, the insider directly owned 15,200 shares in the company, valued at approximately $434,416. This trade represents a 91.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 168,227 shares of Samsara stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $28.58, for a total value of $4,807,927.66. Following the transaction, the insider owned 15,200 shares of the company’s stock, valued at $434,416. The trade was a 91.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,700,139 shares of company stock worth $79,212,871 over the last 90 days. 35.13% of the stock is owned by company insiders.

Trending Headlines about Samsara

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Samsara reported stronger-than-expected Q1 FY2027 results, with EPS of $0.17 to $0.18 versus the $0.13 consensus and revenue of about $478.8 million versus expectations near $455.2 million, showing continued top-line momentum. Samsara earnings report
• Positive Sentiment: The company also raised/affirmed full-year and second-quarter guidance above Wall Street estimates, reinforcing confidence that growth remains durable as Samsara approaches $2 billion in annual recurring revenue. Business Wire press release
• Positive Sentiment: BTIG Research reaffirmed its “buy” rating and set a $45 price target, implying meaningful upside from the recent share price level. BTIG rating reaffirmation
• Neutral Sentiment: Management highlighted strong enterprise adoption and momentum in Operational AI, which supports the long-term story but does not change the near-term financial picture on its own. Financial Post coverage
• Negative Sentiment: Despite the strong quarter, some coverage noted the stock slipped after earnings as investors weighed guidance and profitability details, suggesting the market is still sensitive to any signs of slower growth ahead. Barron’s article

Institutional Trading of Samsara

Institutional investors and hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. boosted its stake in Samsara by 15.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock valued at $1,689,565,000 after buying an additional 6,208,553 shares in the last quarter. Vanguard Group Inc. raised its stake in Samsara by 11.5% during the fourth 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 in the last quarter. Sands Capital Management LLC lifted its stake in Samsara by 6.4% in the 3rd quarter. Sands Capital Management LLC now owns 20,518,332 shares of the company’s stock valued at $764,308,000 after purchasing an additional 1,242,122 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake 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 valued at $421,079,000 after acquiring an additional 4,401,082 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in Samsara by 42.1% in the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after purchasing an additional 3,322,023 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Samsara Stock Up 3.6%

The stock has a 50 day moving average price of $30.59 and a 200 day moving average price of $32.44. The stock has a market capitalization of $21.19 billion, a price-to-earnings ratio of -1,821.34, a price-to-earnings-growth ratio of 10.81 and a beta of 1.34.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.72%. The firm had revenue of $444.30 million during the quarter, compared to analysts’ expectations of $422.29 million. During the same period in the prior year, the company posted $0.11 EPS. The company’s revenue was up 28.3% on a year-over-year basis. Sell-side analysts forecast that Samsara Inc. will post 0.08 earnings per share for the current fiscal year.

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.