Samsara Inc. (NYSE:IOT) Given Consensus Rating of “Hold” by Analysts

Samsara Inc. (NYSE:IOT) has been assigned an average rating of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $51.67.

Several research firms recently weighed in on IOT. Morgan Stanley raised their target price on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Berenberg Bank initiated coverage on Samsara in a research note on Monday, February 3rd. They set a “hold” rating and a $57.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Truist Financial increased their target price on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, November 18th. Finally, Royal Bank of Canada boosted their price target on shares of Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th.

Insider Activity

In other news, CEO Sanjit Biswas sold 75,594 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $55.89, for a total value of $4,224,948.66. Following the transaction, the chief executive officer now directly owns 120,292 shares in the company, valued at approximately $6,723,119.88. This represents a 38.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dominic Phillips sold 20,801 shares of Samsara stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $50.97, for a total transaction of $1,060,226.97. Following the sale, the insider now owns 755,001 shares of the company’s stock, valued at $38,482,400.97. The trade was a 2.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,549,936 shares of company stock valued at $75,624,852. 60.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in shares of Samsara during the 4th quarter worth $31,000. Hobbs Group Advisors LLC purchased a new stake in Samsara in the third quarter worth about $34,000. IFP Advisors Inc grew its holdings in Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock worth $35,000 after acquiring an additional 598 shares in the last quarter. Continuum Advisory LLC increased its position in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after purchasing an additional 247 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Samsara by 69.1% in the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after purchasing an additional 418 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Price Performance

Shares of IOT opened at $55.74 on Friday. The firm has a market cap of $31.28 billion, a P/E ratio of -118.60 and a beta of 1.61. Samsara has a 1 year low of $27.14 and a 1 year high of $57.51. The company has a 50 day simple moving average of $47.73 and a two-hundred day simple moving average of $46.77.

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.