Samsara Inc. (NYSE:IOT) Receives Consensus Recommendation of “Hold” from Analysts

Samsara Inc. (NYSE:IOT) has been given an average recommendation of “Hold” by the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $51.29.

A number of research analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Wells Fargo & Company increased their price objective on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Craig Hallum began coverage on Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 target price for the company. Loop Capital lifted their price target on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Piper Sandler raised their target price on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 6th.

Samsara Stock Up 0.0 %

IOT stock opened at $45.56 on Friday. The company has a market cap of $25.57 billion, a price-to-earnings ratio of -96.94 and a beta of 1.53. Samsara has a 12-month low of $27.14 and a 12-month high of $57.51. The company has a 50 day moving average of $49.72 and a two-hundred day moving average of $43.31.

Insider Activity

In related news, insider Dominic Phillips sold 20,747 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $46.79, for a total transaction of $970,752.13. Following the completion of the transaction, the insider now owns 882,664 shares in the company, valued at $41,299,848.56. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Eltoukhy sold 4,000 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $50.00, for a total value of $200,000.00. Following the transaction, the insider now owns 396,784 shares of the company’s stock, valued at $19,839,200. This represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,380,718 shares of company stock worth $68,978,494. Corporate insiders own 60.04% of the company’s stock.

Institutional Trading of Samsara

Several large investors have recently added to or reduced their stakes in the company. Resources Management Corp CT ADV increased its stake in shares of Samsara by 104.0% in the second 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 in the last quarter. Hobbs Group Advisors LLC bought a new position in shares of Samsara in the third quarter worth about $34,000. National Bank of Canada FI acquired a new position in shares of Samsara during the second quarter worth approximately $38,000. Nemes Rush Group LLC bought a new position in Samsara in the 2nd quarter valued at $45,000. Finally, Continuum Advisory LLC boosted its holdings in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after acquiring an additional 247 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

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.