Samsara Inc. (NYSE:IOT) Given Average Rating of "Hold" by Analysts

Samsara Inc. (NYSE:IOT - Get Free Report) has been assigned an average recommendation of "Hold" from the fifteen research firms that are covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $44.20.

IOT has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Samsara from $42.00 to $46.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Loop Capital increased their price objective on shares of Samsara from $42.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, September 6th. Evercore ISI raised their target price on shares of Samsara from $40.00 to $42.00 and gave the stock an "in-line" rating in a research note on Friday, September 6th. StockNews.com lowered shares of Samsara from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, TD Cowen raised their price objective on shares of Samsara from $46.00 to $56.00 and gave the stock a "buy" rating in a research report on Friday, October 11th.

Insider Buying and Selling at Samsara

In other Samsara news, CEO Sanjit Biswas sold 81,515 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $37.04, for a total transaction of $3,019,315.60. Following the completion of the transaction, the chief executive officer now owns 96,000 shares in the company, valued at approximately $3,555,840. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Samsara news, insider Adam Eltoukhy sold 9,308 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $50.64, for a total value of $471,357.12. Following the transaction, the insider now owns 396,784 shares in the company, valued at approximately $20,093,141.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjit Biswas sold 81,515 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $37.04, for a total value of $3,019,315.60. Following the completion of the transaction, the chief executive officer now owns 96,000 shares in the company, valued at approximately $3,555,840. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,793,333 shares of company stock worth $79,214,223. Insiders own 60.04% of the company's stock.

Institutional Trading of Samsara

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. raised its position in Samsara by 18.1% in the second quarter. Baillie Gifford & Co. now owns 27,433,212 shares of the company's stock worth $924,499,000 after acquiring an additional 4,207,974 shares during the period. 1832 Asset Management L.P. lifted its stake in Samsara by 102.1% in the first quarter. 1832 Asset Management L.P. now owns 7,628,100 shares of the company's stock valued at $288,266,000 after purchasing an additional 3,853,400 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Samsara by 18.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,639,141 shares of the company's stock valued at $666,584,000 after purchasing an additional 2,797,326 shares during the period. Vanguard Group Inc. increased its position in Samsara by 12.1% in the first quarter. Vanguard Group Inc. now owns 17,101,156 shares of the company's stock worth $646,253,000 after buying an additional 1,841,149 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Samsara in the second quarter valued at $29,464,000. 89.39% of the stock is owned by institutional investors.

Samsara Trading Down 3.2 %

Shares of Samsara stock traded down $1.56 on Thursday, reaching $47.79. 1,890,590 shares of the company were exchanged, compared to its average volume of 3,608,298. Samsara has a one year low of $21.48 and a one year high of $51.53. The company has a 50-day moving average of $46.39 and a 200 day moving average of $39.44. The company has a market capitalization of $26.59 billion, a price-to-earnings ratio of -101.13 and a beta of 1.52.

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

About Samsara

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.