Samsara Inc. (NYSE:IOT) Receives Consensus Rating of “Hold” from Brokerages

Samsara Inc. (NYSE:IOT) has received an average recommendation of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $51.29.

A number of research firms have recently commented on IOT. BMO Capital Markets raised their price target on Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Truist Financial lifted their price objective on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. TD Cowen lifted their price objective on Samsara from $46.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. lifted their price objective on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th.

Samsara Price Performance

Samsara stock opened at $46.75 on Tuesday. Samsara has a one year low of $27.14 and a one year high of $57.51. The business has a fifty day moving average price of $48.40 and a 200-day moving average price of $45.02. The firm has a market capitalization of $26.24 billion, a P/E ratio of -99.48 and a beta of 1.59.

Insider Buying and Selling at Samsara

In other news, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of Samsara stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $45.92, for a total value of $5,160,489.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sanjit Biswas sold 42,994 shares of Samsara stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $48.55, for a total value of $2,087,358.70. Following the completion of the transaction, the chief executive officer now owns 440,892 shares in the company, valued at approximately $21,405,306.60. This represents a 8.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,510,542 shares of company stock worth $73,468,075 over the last 90 days. Corporate insiders own 60.04% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Hobbs Group Advisors LLC bought a new position in Samsara during the 3rd quarter valued at approximately $34,000. Continuum Advisory LLC increased its stake in shares of Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after buying an additional 247 shares during the period. Resources Management Corp CT ADV raised its holdings in shares of Samsara by 104.0% during the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after acquiring an additional 490 shares in the last quarter. UMB Bank n.a. lifted its stake in Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after acquiring an additional 418 shares during the period. Finally, National Bank of Canada FI bought a new stake in Samsara in the second quarter valued at $38,000. Hedge funds and other institutional investors own 96.02% 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.