Samsara (NYSE:IOT) Price Target Raised to $53.00

Samsara (NYSE:IOT) had its price target lifted by TD Cowen from $48.00 to $53.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently issued reports on IOT. Wolfe Research reaffirmed an “outperform” rating on shares of Samsara in a research report on Thursday, June 11th. KeyCorp raised their target price on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday. Truist Financial upped their price target on Samsara from $38.00 to $48.00 and gave the company a “hold” rating in a report on Friday. Evercore reiterated an “outperform” rating and issued a $55.00 price target on shares of Samsara in a research note on Friday. Finally, Jefferies Financial Group upgraded shares of Samsara to a “buy” rating in a research note on Thursday, June 11th. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.44.

Samsara Trading Down 0.3%

Samsara stock opened at $40.09 on Friday. The company has a fifty day simple moving average of $37.77 and a 200-day simple moving average of $33.26. The stock has a market cap of $23.36 billion, a P/E ratio of 250.56, a price-to-earnings-growth ratio of 9.03 and a beta of 1.35. Samsara has a 12-month low of $23.38 and a 12-month high of $47.47.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Samsara had a return on equity of 4.27% and a net margin of 4.90%.The firm had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. Samsara’s revenue for the quarter was up 29.9% compared to the same quarter last year. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. As a group, sell-side analysts forecast that Samsara will post 0.15 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Sanjit Biswas sold 35,366 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $39.43, for a total transaction of $1,394,481.38. Following the completion of the sale, the chief executive officer owned 935,671 shares in the company, valued at $36,893,507.53. This represents a 3.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Eltoukhy sold 6,876 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $39.82, for a total transaction of $273,802.32. Following the transaction, the insider directly owned 425,080 shares in the company, valued at $16,926,685.60. The trade was a 1.59% 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. Over the last ninety days, insiders sold 3,890,796 shares of company stock valued at $139,193,129. 35.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Samsara

A number of hedge funds and other institutional investors have recently made changes to their positions in IOT. Parkside Financial Bank & Trust increased its position in Samsara by 91.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock valued at $45,000 after acquiring an additional 656 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Samsara during the 2nd quarter valued at approximately $4,860,000. California State Teachers Retirement System lifted its position in Samsara by 3,119.1% during the 2nd quarter. California State Teachers Retirement System now owns 15,704,422 shares of the company’s stock worth $484,256,000 after acquiring an additional 15,216,568 shares during the period. Saudi Central Bank lifted its position in Samsara by 91.8% during the 2nd quarter. Saudi Central Bank now owns 24,500 shares of the company’s stock worth $795,000 after acquiring an additional 11,723 shares during the period. Finally, Markowski Investments purchased a new position in shares of Samsara in the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara News Roundup

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Quarterly results exceeded expectations. Samsara reported fiscal Q2 revenue of $508.4 million, up nearly 30% year over year, and adjusted EPS of $0.20 versus the $0.16 consensus estimate. Annual recurring revenue surpassed $2.1 billion, also growing 30%, while large-customer adoption and enterprise ARR momentum remained strong. Samsara Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Management raised its outlook. Fiscal 2027 revenue guidance was lifted to approximately $2.043 billion-$2.047 billion, with EPS guidance of $0.76-$0.78 versus a $0.60 consensus estimate. Third-quarter revenue guidance of $514 million-$516 million also topped expectations, supporting the case for continued growth and improving operating leverage. Samsara Fiscal 2027 Outlook
• Positive Sentiment: Analysts raised their targets following the earnings beat. BTIG, BMO Capital Markets, KeyCorp, TD Cowen and BNP Paribas Exane raised targets into the $53-$55 range, with mostly bullish ratings. The upgrades provide a positive catalyst and suggest analysts see additional upside if growth and profitability continue. Samsara Analysts Boost Their Forecasts After Strong Q2 Earnings
• Neutral Sentiment: Investor reaction has been uneven. Some coverage characterized the earnings beat as insufficient to justify the stock’s valuation, contributing to sharp intraday swings. JPMorgan raised its target to $52 but retained a “neutral” rating. Samsara trades at a very high earnings multiple, leaving the stock sensitive to any slowdown in growth.
• Negative Sentiment: Cash flow and insider selling remain risks. Analysts noted pressure on free-cash-flow margins as Samsara invests in AI and expansion. Separately, reported insider activity showed substantial selling and no open-market purchases over the past six months, which may weigh on sentiment. Samsara Earnings Call Analysis

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.