Samsara Inc. (NYSE:IOT) Receives $51.29 Consensus PT from Brokerages

Shares of Samsara Inc. (NYSE:IOT) have been given an average rating of “Hold” by the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $51.29.

A number of research firms recently weighed in on IOT. Craig Hallum assumed coverage on shares of Samsara in a report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Piper Sandler lifted their price objective on Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Morgan Stanley upped their target price on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Finally, Truist Financial lifted their price target on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, November 18th.

Samsara Stock Up 0.8 %

Shares of IOT opened at $46.03 on Tuesday. Samsara has a twelve month low of $27.14 and a twelve month high of $57.51. The stock has a market cap of $25.83 billion, a PE ratio of -97.94 and a beta of 1.59. The business’s 50-day moving average price is $48.63 and its 200-day moving average price is $44.79.

Insider Buying and Selling at Samsara

In related news, insider John Bicket sold 75,600 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $55.89, for a total transaction of $4,225,284.00. Following the completion of the sale, the insider now directly owns 400,020 shares in the company, valued at $22,357,117.80. This represents a 15.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sanjit Biswas sold 96,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $47.09, for a total value of $4,520,640.00. Following the transaction, the chief executive officer now owns 483,886 shares in the company, valued at approximately $22,786,191.74. The trade was a 16.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,436,126 shares of company stock worth $70,268,870 over the last ninety days. Insiders own 60.04% of the company’s stock.

Institutional Trading of Samsara

Institutional investors have recently made changes to their positions in the stock. Legal Advantage Investments Inc. purchased a new position in shares of Samsara in the fourth quarter worth $218,000. UMB Bank n.a. grew its holdings in Samsara by 62.1% in the 4th quarter. UMB Bank n.a. now owns 1,658 shares of the company’s stock worth $72,000 after acquiring an additional 635 shares during the last quarter. Oak Ridge Investments LLC bought a new stake in Samsara in the 4th quarter worth $457,000. Sara Bay Financial increased its position in shares of Samsara by 0.3% in the fourth quarter. Sara Bay Financial now owns 201,771 shares of the company’s stock valued at $8,860,000 after acquiring an additional 599 shares during the period. Finally, KRS Capital Management LLC bought a new position in shares of Samsara during the fourth quarter valued at about $250,000. Hedge funds and other institutional investors own 96.02% 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.