Samsara Inc. (NYSE:IOT) Receives $31.56 Consensus PT from Analysts

Shares of Samsara Inc. (NYSE:IOT) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $32.60.

A number of research analysts recently issued reports on IOT shares. Loop Capital started coverage on Samsara in a report on Thursday. They set a “buy” rating and a $42.00 price target on the stock. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th.

Insider Buying and Selling at Samsara

In other Samsara news, CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $32.50, for a total transaction of $3,120,000.00. Following the sale, the chief executive officer now directly owns 754,335 shares of the company’s stock, valued at approximately $24,515,887.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO James Andrew Munk sold 9,714 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $35.46, for a total value of $344,458.44. Following the sale, the chief accounting officer now directly owns 307,185 shares of the company’s stock, valued at approximately $10,892,780.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $32.50, for a total value of $3,120,000.00. Following the completion of the sale, the chief executive officer now directly owns 754,335 shares in the company, valued at $24,515,887.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,697,460 shares of company stock valued at $58,277,505. 66.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Samsara

Hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Samsara in the 4th quarter worth approximately $37,000. Fred Alger Management LLC bought a new stake in shares of Samsara in the 3rd quarter worth approximately $28,000. Montag A & Associates Inc. boosted its position in shares of Samsara by 1,200.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock worth $43,000 after purchasing an additional 1,200 shares in the last quarter. Tradition Wealth Management LLC bought a new stake in shares of Samsara in the 4th quarter worth approximately $46,000. Finally, Ulland Investment Advisors LLC raised its holdings in Samsara by 67.4% in the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $38,000 after acquiring an additional 600 shares during the last quarter. 89.39% of the stock is owned by institutional investors.

Samsara Trading Up 0.2 %

IOT opened at $31.02 on Friday. The company has a market cap of $17.08 billion, a P/E ratio of -58.53 and a beta of 1.56. The business’s 50-day moving average price is $34.84 and its 200-day moving average price is $31.15. Samsara has a 12 month low of $16.63 and a 12 month high of $40.54.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The firm had revenue of $276.27 million for the quarter, compared to the consensus estimate of $258.56 million. Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. Equities research analysts forecast that Samsara will post -0.4 earnings per share for the current fiscal year.

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.