Samsara Inc. (NYSE:IOT) Receives Average Rating of “Hold” from Analysts

Shares of Samsara Inc. (NYSE:IOT) have received an average recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $46.43.

A number of research analysts have recently issued reports on IOT shares. Loop Capital lifted their price target on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. lifted their price target on Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Piper Sandler lifted their price target on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Finally, Evercore ISI lifted their price target on Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a report on Friday, September 6th.

Samsara Stock Performance

Shares of NYSE IOT opened at $53.49 on Monday. The business’s 50 day moving average price is $49.91 and its 200-day moving average price is $41.95. The company has a market cap of $29.76 billion, a price-to-earnings ratio of -111.44 and a beta of 1.52. Samsara has a fifty-two week low of $26.86 and a fifty-two week high of $57.51.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. Samsara’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period last year, the business posted ($0.11) EPS. Sell-side analysts predict that Samsara will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other Samsara news, CEO Sanjit Biswas sold 75,594 shares of Samsara stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $55.89, for a total transaction of $4,224,948.66. Following the completion of the sale, the chief executive officer now owns 120,292 shares of the company’s stock, valued at approximately $6,723,119.88. The trade was a 38.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam Eltoukhy sold 12,500 shares of Samsara stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $45.00, for a total value of $562,500.00. Following the sale, the insider now directly owns 465,967 shares of the company’s stock, valued at approximately $20,968,515. This represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,809,695 shares of company stock valued at $85,445,322. 60.04% of the stock is owned by company insiders.

Institutional Trading of Samsara

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Resources Management Corp CT ADV raised its stake in shares of Samsara by 104.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after buying an additional 490 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of Samsara during the 3rd quarter valued at about $34,000. National Bank of Canada FI purchased a new position in shares of Samsara during the 2nd quarter valued at about $38,000. Nemes Rush Group LLC purchased a new position in shares of Samsara during the 2nd quarter valued at about $45,000. Finally, 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 valued at $45,000 after buying an additional 247 shares during the last quarter. Institutional investors and hedge funds own 89.39% 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.