Samsara Jumps as Strong Q2 Results and Higher Outlook Lift Sentiment

Samsara (IOT) is up 10.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied primarily to Samsara’s fiscal second-quarter 2027 results, which showed strong growth, improving profitability, and a higher full-year outlook. Investor sentiment also seems to have been helped by follow-through from analysts lifting price targets after the company’s beat-and-raise quarter.

Details:

Samsara reported second-quarter revenue of $508.4 million, up 30% year over year, while annual recurring revenue ended at about $2.125 billion, also up 30%.

The company posted GAAP earnings of $0.03 per share, marking its fourth straight quarter of GAAP profitability, alongside non-GAAP EPS of $0.20.

Management raised full-year fiscal 2027 guidance to $2.043 billion to $2.047 billion in revenue and $0.76 to $0.78 in non-GAAP diluted EPS, signaling confidence in demand and execution.

Large-customer momentum remained a focus, with customers generating more than $1 million in ARR contributing over $500 million in ARR and growing by more than 50% for the third consecutive quarter.

Sources:

Samsara Investor Relations, SEC, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$IOT Insider Trading Activity

$IOT insiders have traded $IOT stock on the open market 239 times in the past 6 months. Of those trades, 0 have been purchases and 239 have been sales.

Here’s a breakdown of recent trading of $IOT stock by insiders over the last 6 months:

JOHN BICKET (SEE REMARKS) has made 0 purchases and 95 sales selling 2,375,100 shares for an estimated $78,521,810.
SANJIT BISWAS (CHIEF EXECUTIVE OFFICER) has made 0 purchases and 97 sales selling 2,375,100 shares for an estimated $78,521,240.
MARC L ANDREESSEN has made 0 purchases and 10 sales selling 2,256,487 shares for an estimated $75,617,662.
DOMINIC PHILLIPS (SEE REMARKS) has made 0 purchases and 14 sales selling 148,444 shares for an estimated $5,342,714.
ADAM ELTOUKHY (SEE REMARKS) has made 0 purchases and 13 sales selling 37,907 shares for an estimated $1,304,718.
JONATHAN CHADWICK has made 0 purchases and 3 sales selling 20,000 shares for an estimated $654,009.
BENJAMIN LOUIS KIRCHHOFF (CHIEF ACCOUNTING OFFICER) has made 0 purchases and 7 sales selling 14,706 shares for an estimated $495,540.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$IOT Hedge Fund Activity

We have seen 324 institutional investors add shares of $IOT stock to their portfolio, and 312 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PRICE T ROWE ASSOCIATES INC /MD/ added 12,097,542 shares (+33.1%) to their portfolio in Q2 2026, for an estimated $392,323,287
BAILLIE GIFFORD & CO added 8,697,861 shares (+18.2%) to their portfolio in Q2 2026, for an estimated $282,071,632
SANDS CAPITAL MANAGEMENT, LLC removed 7,774,586 shares (-40.7%) from their portfolio in Q2 2026, for an estimated $252,129,823
MORGAN STANLEY added 3,931,295 shares (+46.7%) to their portfolio in Q2 2026, for an estimated $127,491,896
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 3,657,279 shares (+inf%) to their portfolio in Q2 2026, for an estimated $118,605,557
BROWN ADVISORY INC removed 2,989,069 shares (-29.6%) from their portfolio in Q2 2026, for an estimated $96,935,507
1832 ASSET MANAGEMENT L.P. removed 2,873,100 shares (-66.4%) from their portfolio in Q2 2026, for an estimated $93,174,633

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$IOT Price Targets

Multiple analysts have issued price targets for $IOT recently. We have seen 5 analysts offer price targets for $IOT in the last 6 months, with a median target of $45.0.

Here are some recent targets:

Nick Altmann from BTIG set a target price of $45.0 on 06/26/2026
Derrick Wood from TD Cowen set a target price of $45.0 on 06/25/2026
Matthew Hedberg from RBC Capital set a target price of $42.0 on 06/05/2026
Michael Turrin from Wells Fargo set a target price of $50.0 on 06/05/2026
James Fish from Piper Sandler set a target price of $40.0 on 06/05/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.