Samsara (NYSE:IOT) Stock Price Up 7.6% – Here’s Why

Samsara Inc. (NYSE:IOT) shares traded up 7.6% during trading on Monday . The stock traded as high as $40.78 and last traded at $41.2910. 2,219,241 shares traded hands during trading, a decline of 68% from the average session volume of 6,986,319 shares. The stock had previously closed at $38.38.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank Of Canada lifted their price objective on Samsara from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, September 4th. Evercore reiterated an “outperform” rating and set a $55.00 price objective on shares of Samsara in a research report on Friday, September 4th. BTIG Research increased their price objective on shares of Samsara from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Wells Fargo & Company raised their target price on shares of Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Finally, Morgan Stanley boosted their target price on shares of Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Friday, September 4th. Fifteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Samsara has an average rating of “Moderate Buy” and a consensus price target of $52.44.

Samsara Stock Up 10.1%

The stock has a 50 day moving average of $38.27 and a 200 day moving average of $33.71. The company has a market capitalization of $24.62 billion, a price-to-earnings ratio of 264.03, a price-to-earnings-growth ratio of 9.45 and a beta of 1.35.

Samsara (NYSE:IOT) last released its earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The company’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 anticipate that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Insider Activity

In other Samsara news, insider Adam Eltoukhy sold 6,876 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $39.82, for a total transaction of $273,802.32. Following the sale, the insider owned 425,080 shares of the company’s stock, valued at approximately $16,926,685.60. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dominic Phillips sold 11,710 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $44.25, for a total transaction of $518,167.50. Following the sale, the insider directly owned 836,100 shares in the company, valued at $36,997,425. This trade represents a 1.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 2,219,206 shares of company stock valued at $83,821,258. 35.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC acquired a new stake in Samsara during the fourth quarter worth approximately $13,464,000. Royal Bank of Canada lifted its stake in Samsara by 100.3% in the first quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock valued at $3,686,000 after buying an additional 48,135 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Samsara by 2,444.6% during the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock worth $682,000 after buying an additional 17,088 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Samsara by 3.4% during the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after buying an additional 335 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Samsara by 142.4% during the 2nd quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock worth $2,739,000 after buying an additional 40,450 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

About Samsara

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company’s products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.