Samsara Inc. (NYSE:IOT) Given Consensus Recommendation of "Hold" by Brokerages

Samsara Inc. (NYSE:IOT - Get Free Report) has received an average rating of "Hold" from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $51.29.

Several equities analysts have recently weighed in on the company. BNP Paribas began coverage on Samsara in a report on Tuesday, October 8th. They set a "neutral" rating and a $46.00 price objective on the stock. Evercore ISI increased their price objective on shares of Samsara from $40.00 to $42.00 and gave the stock an "in-line" rating in a research report on Friday, September 6th. Morgan Stanley boosted their price objective on shares of Samsara from $40.00 to $52.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 20th. BMO Capital Markets increased their target price on Samsara from $44.00 to $57.00 and gave the stock a "market perform" rating in a report on Friday, December 6th. Finally, Loop Capital boosted their price target on Samsara from $46.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, December 5th.

Samsara Stock Performance

NYSE:IOT traded up $1.65 during mid-day trading on Friday, hitting $44.32. The company had a trading volume of 5,982,712 shares, compared to its average volume of 3,609,155. Samsara has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The firm has a market cap of $24.66 billion, a P/E ratio of -94.30 and a beta of 1.53. The business's fifty day moving average is $50.07 and its two-hundred day moving average is $42.96.

Insider Transactions at Samsara

In other news, CEO Sanjit Biswas sold 74,667 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $49.44, for a total value of $3,691,536.48. Following the completion of the sale, the chief executive officer now directly owns 793,219 shares of the company's stock, valued at $39,216,747.36. This trade represents a 8.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Adam Eltoukhy sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $50.00, for a total value of $200,000.00. Following the transaction, the insider now directly owns 396,784 shares in the company, valued at $19,839,200. The trade was a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,439,925 shares of company stock worth $72,045,428 in the last 90 days. Corporate insiders own 60.04% of the company's stock.

Institutional Investors Weigh In On Samsara

Hedge funds have recently added to or reduced their stakes in the business. Hobbs Group Advisors LLC bought a new position in shares of Samsara in the third quarter valued at about $34,000. Continuum Advisory LLC raised its holdings in Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock valued at $45,000 after acquiring an additional 247 shares during the period. Resources Management Corp CT ADV lifted its position 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 acquiring an additional 490 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock worth $49,000 after acquiring an additional 418 shares during the period. Finally, National Bank of Canada FI acquired a new position in shares of Samsara in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 96.02% of the company's stock.

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.