Samsara (NYSE:IOT) Hits New 12-Month High at $47.79

Samsara Inc. (NYSE:IOT - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $47.79 and last traded at $47.21, with a volume of 751443 shares trading hands. The stock had previously closed at $47.44.

Wall Street Analyst Weigh In

IOT has been the topic of a number of recent analyst reports. Wolfe Research reissued an "outperform" rating and set a $44.00 target price on shares of Samsara in a report on Friday, June 28th. Evercore ISI upped their target price on Samsara from $40.00 to $42.00 and gave the company an "in-line" rating in a research report on Friday, September 6th. StockNews.com upgraded Samsara from a "sell" rating to a "hold" rating in a research note on Friday, September 6th. BMO Capital Markets increased their price objective on Samsara from $40.00 to $44.00 and gave the stock a "market perform" rating in a research report on Friday, September 6th. Finally, Morgan Stanley boosted their target price on shares of Samsara from $38.00 to $40.00 and gave the company an "equal weight" rating in a research report on Friday, September 6th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Samsara presently has an average rating of "Moderate Buy" and an average target price of $42.07.

Samsara Stock Down 1.0 %

The firm has a 50 day simple moving average of $39.43 and a two-hundred day simple moving average of $36.64. The stock has a market capitalization of $25.86 billion, a P/E ratio of -93.90 and a beta of 1.50.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. Samsara's revenue was up 36.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) earnings per share. On average, research analysts predict that Samsara Inc. will post -0.34 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of the business's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $45.06, for a total transaction of $14,894,042.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of Samsara stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $45.06, for a total transaction of $14,894,042.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lara Caimi sold 7,508 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $46.42, for a total transaction of $348,521.36. Following the sale, the insider now directly owns 1,093,535 shares in the company, valued at $50,761,894.70. The disclosure for this sale can be found here. Insiders sold a total of 1,858,859 shares of company stock worth $73,525,632 in the last three months. 60.04% of the stock is owned by corporate insiders.

Institutional Trading of Samsara

Several institutional investors have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV raised its stake in Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company's stock worth $32,000 after buying an additional 490 shares during the last quarter. Quarry LP acquired a new stake in shares of Samsara during the 4th quarter worth approximately $37,000. National Bank of Canada FI bought a new stake in shares of Samsara in the 2nd quarter valued at $38,000. Nemes Rush Group LLC acquired a new position in shares of Samsara during the 2nd quarter valued at $45,000. Finally, Tradition Wealth Management LLC bought a new position in Samsara during the fourth quarter worth $46,000. 89.39% of the stock is currently owned by institutional investors.

Samsara Company Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.