Samsara (NYSE:IOT) Now Covered by Loop Capital

Equities research analysts at Loop Capital started coverage on shares of Samsara (NYSE:IOT) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $42.00 price target on the stock. Loop Capital’s price target would suggest a potential upside of 35.66% from the company’s current price.

Separately, StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Samsara presently has an average rating of “Hold” and a consensus price target of $32.60.

Samsara Price Performance

Shares of IOT opened at $30.96 on Thursday. Samsara has a one year low of $16.63 and a one year high of $40.54. The company has a market cap of $17.04 billion, a PE ratio of -58.42 and a beta of 1.56. The stock has a 50-day moving average of $34.91 and a 200-day moving average of $31.15.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). The business had revenue of $276.27 million for the quarter, compared to analyst estimates of $258.56 million. Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. Analysts expect that Samsara will post -0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other Samsara news, CEO Sanjit Biswas sold 92,216 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $31.93, for a total transaction of $2,944,456.88. Following the completion of the transaction, the chief executive officer now directly owns 662,119 shares of the company’s stock, valued at $21,141,459.67. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Adam Eltoukhy sold 10,422 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $30.78, for a total value of $320,789.16. Following the completion of the transaction, the insider now directly owns 535,149 shares in the company, valued at $16,471,886.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjit Biswas sold 92,216 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $31.93, for a total transaction of $2,944,456.88. Following the completion of the transaction, the chief executive officer now directly owns 662,119 shares in the company, valued at approximately $21,141,459.67. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,601,460 shares of company stock valued at $55,327,425. 66.14% of the stock is owned by company insiders.

Institutional Trading of Samsara

Large investors have recently modified their holdings of the business. Janney Capital Management LLC grew its position in Samsara by 3.1% during the fourth quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock valued at $345,000 after acquiring an additional 311 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Samsara by 31.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after buying an additional 381 shares during the last quarter. Rhumbline Advisers lifted its stake in Samsara by 13.6% in the third quarter. Rhumbline Advisers now owns 4,594 shares of the company’s stock worth $116,000 after acquiring an additional 550 shares during the period. Ulland Investment Advisors LLC increased its position in Samsara by 67.4% during the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock valued at $38,000 after purchasing an additional 600 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Samsara by 1.0% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 66,389 shares of the company’s stock worth $2,216,000 after purchasing an additional 644 shares in the last quarter. Institutional investors 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.