Samsara Inc. (NYSE:IOT) Receives $44.20 Average PT from Brokerages

Samsara Inc. (NYSE:IOT) has been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $44.20.

Several research analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a report on Friday, September 6th. Loop Capital raised their price target on shares of Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, September 6th. Craig Hallum assumed coverage on shares of Samsara in a report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Samsara from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, BNP Paribas assumed coverage on shares of Samsara in a research note on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price objective on the stock.

Insiders Place Their Bets

In other Samsara news, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of Samsara stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $45.06, for a total value of $14,894,042.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Adam Eltoukhy sold 9,308 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $50.64, for a total transaction of $471,357.12. Following the completion of the transaction, the insider now owns 396,784 shares of the company’s stock, valued at approximately $20,093,141.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 330,538 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $45.06, for a total transaction of $14,894,042.28. The disclosure for this sale can be found here. Insiders sold a total of 1,716,268 shares of company stock valued at $77,348,858 over the last 90 days. 60.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Samsara

Several hedge funds and other institutional investors have recently modified their holdings of the company. State of New Jersey Common Pension Fund D boosted its holdings in shares of Samsara by 2.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 78,287 shares of the company’s stock valued at $3,767,000 after acquiring an additional 2,114 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Samsara by 41.5% during the third quarter. Harbor Capital Advisors Inc. now owns 150,775 shares of the company’s stock valued at $7,255,000 after acquiring an additional 44,246 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Samsara during the third quarter valued at $289,000. Farther Finance Advisors LLC boosted its holdings in shares of Samsara by 77.5% during the third quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company’s stock valued at $91,000 after acquiring an additional 821 shares during the period. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of Samsara by 97.5% during the third quarter. AustralianSuper Pty Ltd now owns 27,533 shares of the company’s stock valued at $1,325,000 after acquiring an additional 13,590 shares during the period. Institutional investors and hedge funds own 89.39% of the company’s stock.

Samsara Stock Up 1.0 %

Shares of IOT opened at $46.66 on Thursday. The company has a 50-day simple moving average of $46.72 and a 200-day simple moving average of $39.83. The company has a market capitalization of $25.96 billion, a PE ratio of -97.21 and a beta of 1.52. Samsara has a 52-week low of $23.12 and a 52-week high of $51.53.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $300.20 million for the quarter, compared to analysts’ expectations 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 revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.11) EPS. On average, research analysts anticipate that Samsara will post -0.34 EPS for the current year.

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.