Samsara Inc. (NYSE:IOT - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $61.90 and last traded at $58.82, with a volume of 5419329 shares. The stock had previously closed at $60.96.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. BMO Capital Markets raised their target price on Samsara from $44.00 to $57.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Wells Fargo & Company raised their price target on shares of Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. Berenberg Bank assumed coverage on Samsara in a research report on Monday, February 3rd. They set a "hold" rating and a $57.00 price objective for the company. Loop Capital raised 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. Finally, Morgan Stanley increased their price target on Samsara from $40.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Samsara has a consensus rating of "Hold" and a consensus target price of $51.67.
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Samsara Stock Performance
The company has a market capitalization of $29.59 billion, a P/E ratio of -112.19 and a beta of 1.61. The company has a 50-day simple moving average of $48.92 and a 200 day simple moving average of $47.77.
Insider Buying and Selling at Samsara
In other Samsara news, insider Sanjit Biswas sold 13,086 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $55.75, for a total value of $729,544.50. Following the sale, the insider now owns 1,571,848 shares of the company's stock, valued at $87,630,526. The trade was a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam Eltoukhy sold 23,960 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $43.81, for a total transaction of $1,049,687.60. Following the completion of the transaction, the insider now owns 331,106 shares of the company's stock, valued at approximately $14,505,753.86. This represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,530,506 shares of company stock valued at $75,086,182 in the last quarter. Corporate insiders own 60.04% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of IOT. State Street Corp increased its stake in shares of Samsara by 4.7% in the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company's stock valued at $102,283,000 after acquiring an additional 95,006 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Samsara by 193.4% during the third quarter. HighTower Advisors LLC now owns 61,946 shares of the company's stock worth $2,981,000 after purchasing an additional 40,833 shares during the last quarter. Swiss National Bank grew its holdings in shares of Samsara by 3.1% in the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company's stock valued at $29,623,000 after acquiring an additional 18,400 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Samsara during the 4th quarter worth approximately $422,000. Finally, International Assets Investment Management LLC increased its holdings in Samsara by 2,787.2% during the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company's stock worth $521,000 after buying an additional 10,452 shares during the last quarter. Institutional investors own 96.02% of the company's stock.
Samsara Company Profile
(
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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.
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