Wells Fargo & Company Boosts Samsara (NYSE:IOT) Price Target to $50.00

Samsara (NYSE:IOT) had its price objective lifted by research analysts at Wells Fargo & Company from $46.00 to $50.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 37.71% from the stock’s current price.

A number of other research firms also recently issued reports on IOT. BTIG Research reissued a “buy” rating and set a $45.00 target price on shares of Samsara in a research report on Friday. KeyCorp lifted their price target 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. TD Cowen reiterated a “buy” rating on shares of Samsara in a research note on Friday, May 22nd. UBS Group reissued a “buy” rating and issued a $48.00 target price on shares of Samsara in a research note on Friday, March 6th. Finally, Zacks Research lowered shares of Samsara from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.47.

Samsara Stock Performance

NYSE IOT traded up $1.10 during trading hours on Friday, hitting $36.31. 5,076,008 shares of the company’s stock were exchanged, compared to its average volume of 7,389,837. The business’s 50 day moving average is $30.59 and its 200-day moving average is $32.44. Samsara has a 12-month low of $23.38 and a 12-month high of $47.47. The firm has a market capitalization of $21.09 billion, a P/E ratio of -1,816.79, a price-to-earnings-growth ratio of 10.81 and a beta of 1.34.

Samsara (NYSE:IOT) last announced its quarterly earnings data 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. The company had revenue of $444.30 million during the quarter, compared to analysts’ expectations of $422.29 million. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.72%. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 EPS. As a group, equities research analysts anticipate that Samsara will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Samsara

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Acumen Wealth Advisors LLC acquired a new position in shares of Samsara during the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd increased its position in shares of Samsara by 312.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after purchasing an additional 669 shares during the period. AlphaCentric Advisors LLC bought a new stake in shares of Samsara in the 4th quarter worth $36,000. Optiver Holding B.V. lifted its holdings in shares of Samsara by 953.2% in the third quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock valued at $44,000 after buying an additional 1,058 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of Samsara by 194.4% in the third quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock valued at $47,000 after buying an additional 828 shares during the period. 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: 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

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.