Samsara (NYSE:IOT) Rating Lowered to “Hold” at Zacks Research

Samsara (NYSE:IOT) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

IOT has been the subject of a number of other research reports. BNP Paribas Exane raised Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Thursday, January 15th. BTIG Research lowered their price target on Samsara from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Piper Sandler reissued an “overweight” rating and set a $39.00 target price (up from $37.00) on shares of Samsara in a research report on Friday, March 6th. Wells Fargo & Company boosted their price objective on shares of Samsara from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Finally, The Goldman Sachs Group set a $45.00 price objective on shares of Samsara in a research note on Monday, March 2nd. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.18.

Samsara Stock Performance

IOT stock traded up $1.56 during midday trading on Tuesday, hitting $30.48. 1,027,592 shares of the stock were exchanged, compared to its average volume of 7,662,534. The stock has a market cap of $17.70 billion, a price-to-earnings ratio of -1,523.19, a PEG ratio of 11.17 and a beta of 1.29. Samsara has a fifty-two week low of $23.38 and a fifty-two week high of $48.40. The stock’s 50-day moving average price is $30.52 and its 200-day moving average price is $33.54.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The business had revenue of $444.30 million during the quarter, compared to the consensus estimate of $422.29 million. Samsara had a negative return on equity of 0.72% and a negative net margin of 0.56%.The business’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. Research analysts anticipate that Samsara will post 0.06 EPS for the current year.

Insider Activity

In related news, insider Sanjit Biswas sold 263,900 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $25.87, for a total value of $6,827,093.00. Following the transaction, the insider owned 57,600 shares in the company, valued at approximately $1,490,112. The trade was a 82.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Bicket sold 263,900 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $25.87, for a total value of $6,827,093.00. Following the completion of the transaction, the insider owned 57,600 shares in the company, valued at approximately $1,490,112. This trade represents a 82.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 2,188,539 shares of company stock worth $62,320,764. Insiders own 46.49% of the company’s stock.

Institutional Trading of Samsara

Several institutional investors and hedge funds have recently bought and sold shares of the company. SEB Asset Management AB acquired a new stake in Samsara during the first quarter valued at approximately $2,823,000. Swiss National Bank raised its stake in Samsara by 6.6% during the first quarter. Swiss National Bank now owns 1,015,800 shares of the company’s stock valued at $32,191,000 after buying an additional 62,800 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in Samsara during the first quarter valued at approximately $591,000. Assetmark Inc. raised its stake in Samsara by 11.4% during the first quarter. Assetmark Inc. now owns 52,514 shares of the company’s stock valued at $1,664,000 after buying an additional 5,393 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Samsara by 3.3% during the first quarter. Bessemer Group Inc. now owns 1,675,509 shares of the company’s stock valued at $53,097,000 after buying an additional 53,576 shares in the last quarter. Institutional investors and hedge funds 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.