Samsara Inc. (NYSE:IOT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Samsara Inc. (NYSE:IOT) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $49.60.

IOT has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Truist Financial decreased their price objective on shares of Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Loop Capital boosted their price objective on shares of Samsara from $46.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada decreased their price objective on shares of Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a report on Friday, March 7th.

Insider Activity

In other news, insider Adam Eltoukhy sold 3,903 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $34.07, for a total transaction of $132,975.21. Following the completion of the sale, the insider now owns 320,936 shares of the company’s stock, valued at $10,934,289.52. The trade was a 1.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sanjit Biswas sold 48,884 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $45.36, for a total transaction of $2,217,378.24. Following the sale, the insider now directly owns 2,007,964 shares of the company’s stock, valued at approximately $91,081,247.04. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,292,341 shares of company stock valued at $60,151,786 in the last 90 days. Company insiders own 60.04% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GLOBALT Investments LLC GA raised its position in shares of Samsara by 0.3% during the 4th quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company’s stock valued at $2,444,000 after buying an additional 182 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after buying an additional 247 shares during the period. Private Trust Co. NA lifted its stake in shares of Samsara by 19.2% during the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock worth $75,000 after acquiring an additional 250 shares during the last quarter. Tidal Investments LLC boosted its holdings in Samsara by 4.6% during the 4th quarter. Tidal Investments LLC now owns 6,403 shares of the company’s stock valued at $280,000 after acquiring an additional 281 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Samsara by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock valued at $253,000 after acquiring an additional 300 shares during the period. Institutional investors own 96.02% of the company’s stock.

Samsara Price Performance

Shares of NYSE IOT opened at $35.91 on Wednesday. Samsara has a 1 year low of $27.14 and a 1 year high of $61.90. The stock has a market cap of $20.15 billion, a P/E ratio of -76.40 and a beta of 1.63. The firm has a 50-day moving average of $48.67 and a 200 day moving average of $48.27.

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.