Samsara (NYSE:IOT) Stock Rating Reaffirmed by Wolfe Research

Samsara (NYSE:IOT)‘s stock had its “outperform” rating restated by equities research analysts at Wolfe Research in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $44.00 price objective on the stock. Wolfe Research’s target price indicates a potential upside of 30.56% from the stock’s current price.

IOT has been the subject of several other research reports. Evercore ISI decreased their price target on shares of Samsara from $41.00 to $40.00 and set an “in-line” rating for the company in a research report on Friday, June 7th. Bank of America started coverage on shares of Samsara in a research report on Thursday, June 20th. They set a “buy” rating and a $37.00 price objective for the company. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Saturday, May 25th. Loop Capital reaffirmed a “buy” rating and set a $42.00 price objective on shares of Samsara in a research report on Friday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $40.00 price objective on shares of Samsara in a research report on Tuesday, June 11th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.17.

Samsara Stock Up 3.3 %

Shares of IOT stock opened at $33.70 on Friday. Samsara has a 52 week low of $21.48 and a 52 week high of $42.28. The stock has a market capitalization of $18.56 billion, a PE ratio of -67.40 and a beta of 1.51. The firm has a 50 day moving average of $35.02 and a two-hundred day moving average of $34.27.

Insider Buying and Selling

In other Samsara news, insider Adam Eltoukhy sold 10,422 shares of Samsara stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.78, for a total value of $320,789.16. Following the transaction, the insider now directly owns 535,149 shares in the company, valued at $16,471,886.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Samsara news, Director Marc L. Andreessen sold 277,484 shares of Samsara stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $28.88, for a total value of $8,013,737.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Adam Eltoukhy sold 10,422 shares of Samsara stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.78, for a total transaction of $320,789.16. Following the completion of the transaction, the insider now owns 535,149 shares in the company, valued at $16,471,886.22. The disclosure for this sale can be found here. Insiders have sold 1,707,743 shares of company stock worth $58,180,086 in the last ninety days. 60.04% of the stock is owned by corporate insiders.

Institutional Trading of Samsara

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its holdings in shares of Samsara by 9.4% in the first quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock valued at $123,000 after acquiring an additional 280 shares in the last quarter. Janney Capital Management LLC boosted its holdings in shares of Samsara by 3.1% in the fourth quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock valued at $345,000 after acquiring an additional 311 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Samsara by 31.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after acquiring an additional 381 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of Samsara by 6.8% in the first quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock valued at $295,000 after acquiring an additional 497 shares in the last quarter. Finally, Ulland Investment Advisors LLC boosted its holdings in shares of Samsara by 33.6% in the first quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock valued at $75,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.

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.