Brokerages Set Samsara Inc. (NYSE:IOT) Target Price at $45.67

Samsara Inc. (NYSE:IOT) has been assigned an average rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $45.67.

IOT has been the subject of a number of research analyst reports. TD Cowen increased their target price on Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 11th. Piper Sandler raised their price objective on Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. BMO Capital Markets upped their target price on Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a report on Friday, September 6th. Loop Capital increased their price target on shares of Samsara from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, Truist Financial boosted their price objective on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, November 18th.

Samsara Stock Down 0.5 %

NYSE:IOT opened at $53.49 on Monday. The stock has a fifty day simple moving average of $49.91 and a 200 day simple moving average of $41.94. The firm has a market capitalization of $29.76 billion, a price-to-earnings ratio of -111.44 and a beta of 1.52. Samsara has a 1-year low of $26.86 and a 1-year high of $57.51.

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

Insider Buying and Selling

In other news, insider John Bicket sold 75,600 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $55.89, for a total value of $4,225,284.00. Following the completion of the sale, the insider now directly owns 400,020 shares in the company, valued at approximately $22,357,117.80. The trade was a 15.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO James Andrew Munk sold 1,093 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were 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 owns 319,667 shares in the company, valued at $15,123,445.77. The trade was a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,809,695 shares of company stock worth $85,445,322. 60.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Samsara

Several large investors have recently made changes to their positions in IOT. Franklin Resources Inc. acquired a new stake in Samsara in the 3rd quarter valued at approximately $10,868,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Samsara in the third quarter valued at approximately $546,000. Virtu Financial LLC bought a new position in Samsara during the third quarter worth $1,689,000. Hobbs Group Advisors LLC acquired a new position in Samsara during the 3rd quarter valued at $34,000. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in Samsara by 2.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 149,789 shares of the company’s stock valued at $7,208,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds 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.