Analysts Set Samsara Inc. (NYSE:IOT) Price Target at $51.67

Samsara Inc. (NYSE:IOT - Get Free Report) has been given a consensus recommendation of "Hold" by the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $51.67.

IOT has been the topic of a number of research analyst reports. Piper Sandler boosted their target price on Samsara from $40.00 to $50.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Loop Capital increased their target price on Samsara from $46.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Truist Financial boosted their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, November 18th. Wells Fargo & Company increased their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada boosted their target price on shares of Samsara from $49.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th.

Samsara Trading Up 0.4 %

IOT traded up $0.24 during trading on Friday, hitting $55.26. 2,424,570 shares of the company traded hands, compared to its average volume of 2,549,947. The company has a market cap of $31.01 billion, a PE ratio of -117.58 and a beta of 1.61. The stock's 50-day simple moving average is $47.72 and its two-hundred day simple moving average is $46.64. Samsara has a 1 year low of $27.14 and a 1 year high of $57.51.

Insider Transactions at Samsara

In other news, insider Dominic Phillips sold 20,801 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $50.97, for a total value of $1,060,226.97. Following the completion of the sale, the insider now owns 755,001 shares of the company's stock, valued at approximately $38,482,400.97. This represents a 2.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sanjit Biswas sold 56,474 shares of Samsara stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $43.33, for a total transaction of $2,447,018.42. Following the transaction, the insider now directly owns 116,257 shares in the company, valued at approximately $5,037,415.81. The trade was a 32.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,549,936 shares of company stock valued at $75,624,852. 60.04% of the stock is currently owned by company insiders.

Institutional Trading of Samsara

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new stake in shares of Samsara during the 4th quarter worth $31,000. Hobbs Group Advisors LLC bought a new stake in shares of Samsara in the 3rd quarter valued at about $34,000. IFP Advisors Inc grew its position in shares of Samsara by 290.3% in the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock worth $35,000 after buying an additional 598 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock worth $45,000 after acquiring an additional 247 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Samsara by 69.1% during the third quarter. UMB Bank n.a. now owns 1,023 shares of the company's stock valued at $49,000 after acquiring an additional 418 shares during the last quarter. Institutional investors 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.