Weekly Research Analysts’ Ratings Updates for Samsara (IOT)

Samsara (NYSE: IOT) recently received a number of ratings updates from brokerages and research firms:

• 9/6/2024 – Samsara had its price target raised by analysts at Wells Fargo & Company from $42.00 to $46.00. They now have an “overweight” rating on the stock.
• 9/6/2024 – Samsara had its price target raised by analysts at Royal Bank of Canada from $47.00 to $49.00. They now have an “outperform” rating on the stock.
• 9/6/2024 – Samsara had its price target raised by analysts at JPMorgan Chase & Co. from $37.00 to $40.00. They now have a “neutral” rating on the stock.
• 9/6/2024 – Samsara had its price target raised by analysts at Piper Sandler from $36.00 to $40.00. They now have a “neutral” rating on the stock.
• 9/6/2024 – Samsara had its price target raised by analysts at BMO Capital Markets from $40.00 to $44.00. They now have a “market perform” rating on the stock.
• 9/6/2024 – Samsara had its price target raised by analysts at Evercore ISI from $40.00 to $42.00. They now have an “in-line” rating on the stock.
• 9/6/2024 – Samsara was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/6/2024 – Samsara had its price target raised by analysts at Truist Financial Co. from $35.00 to $40.00. They now have a “hold” rating on the stock.
• 9/6/2024 – Samsara had its price target raised by analysts at Morgan Stanley from $38.00 to $40.00. They now have an “equal weight” rating on the stock.
• 9/6/2024 – Samsara had its price target raised by analysts at Loop Capital from $42.00 to $46.00. They now have a “buy” rating on the stock.
• 9/6/2024 – Samsara had its price target raised by analysts at TD Cowen from $45.00 to $46.00. They now have a “buy” rating on the stock.
• 9/6/2024 – Samsara had its price target raised by analysts at Bank of America Co. from $45.00 to $47.00. They now have a “buy” rating on the stock.
• 8/30/2024 – Samsara had its price target raised by analysts at Bank of America Co. from $42.00 to $45.00. They now have a “buy” rating on the stock.
• 8/21/2024 – Samsara was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/12/2024 – Samsara was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Samsara Price Performance

NYSE IOT opened at $47.56 on Thursday. The stock’s fifty day moving average price is $39.93 and its 200 day moving average price is $36.80. Samsara Inc. has a 1 year low of $21.48 and a 1 year high of $48.11. The company has a market cap of $26.20 billion, a price-to-earnings ratio of -95.12 and a beta of 1.50.

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

Insider Activity at Samsara

In related news, CAO James Andrew Munk sold 1,093 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total value of $51,709.83. Following the transaction, the chief accounting officer now directly owns 319,667 shares of the company’s stock, valued at approximately $15,123,445.77. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO James Andrew Munk sold 1,093 shares of Samsara stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total transaction of $51,709.83. Following the completion of the transaction, the chief accounting officer now directly owns 319,667 shares in the company, valued at $15,123,445.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Eltoukhy sold 9,471 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $37.79, for a total value of $357,909.09. Following the completion of the transaction, the insider now directly owns 465,967 shares of the company’s stock, valued at $17,608,892.93. The disclosure for this sale can be found here. Insiders have sold a total of 2,047,254 shares of company stock valued at $82,255,010 in the last ninety days. Company insiders own 60.04% of the company’s stock.

Institutional Investors Weigh In On Samsara

Several hedge funds have recently modified their holdings of IOT. Boulder Hill Capital Management LP acquired a new position in Samsara in the 4th quarter worth about $1,115,000. Charles Schwab Investment Management Inc. lifted its position in shares of Samsara by 9.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 969,429 shares of the company’s stock valued at $32,360,000 after buying an additional 79,773 shares in the last quarter. CHURCHILL MANAGEMENT Corp grew its stake in Samsara by 135.6% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 60,251 shares of the company’s stock valued at $2,277,000 after acquiring an additional 34,679 shares during the period. Mission Wealth Management LP purchased a new stake in Samsara in the 1st quarter worth $1,100,000. Finally, Quarry LP purchased a new stake in Samsara in the 4th quarter worth $37,000. 89.39% of the stock is owned by hedge funds and other institutional investors.

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.