Samsara Inc. (NYSE:IOT) Receives $45.67 Consensus Price Target from Brokerages

Samsara Inc. (NYSE:IOT) has earned an average rating of “Hold” from the fifteen research firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $45.67.

A number of equities research analysts have weighed in on IOT shares. JPMorgan Chase & Co. boosted their target price on shares of Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. TD Cowen raised their target price on shares of Samsara from $46.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Royal Bank of Canada lifted their price target on shares of Samsara from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, September 6th. BMO Capital Markets increased their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. Finally, Evercore ISI lifted their target price on shares of Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research note on Friday, September 6th.

Samsara Stock Down 3.0 %

NYSE:IOT opened at $53.73 on Monday. The stock has a market cap of $29.89 billion, a price-to-earnings ratio of -111.94 and a beta of 1.52. The company’s 50 day moving average price is $49.70 and its 200-day moving average price is $41.76. Samsara has a 52 week low of $26.13 and a 52 week high of $57.51.

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

Insider Activity at Samsara

In other Samsara news, insider John Bicket sold 75,600 shares of Samsara stock in a transaction on Monday, November 25th. The shares were sold at an average price of $55.89, for a total transaction of $4,225,284.00. Following the completion of the transaction, the insider now directly owns 400,020 shares of the company’s stock, valued at $22,357,117.80. The trade was a 15.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjit Biswas sold 93,107 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $39.92, for a total transaction of $3,716,831.44. Following the transaction, the chief executive officer now owns 76,800 shares in the company, valued at $3,065,856. This trade represents a 54.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,809,695 shares of company stock valued at $85,445,322 over the last 90 days. 60.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Samsara

A number of large investors have recently made changes to their positions in the company. UniSuper Management Pty Ltd bought a new stake in Samsara in the first quarter worth about $94,000. Advisors Asset Management Inc. boosted its holdings in Samsara by 9.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock valued at $123,000 after acquiring an additional 280 shares during the period. Toronto Dominion Bank bought a new position in Samsara in the 1st quarter valued at $620,000. Public Employees Retirement Association of Colorado purchased a new stake in Samsara in the first quarter worth $749,000. Finally, California State Teachers Retirement System bought a new stake in shares of Samsara during the first quarter worth $8,009,000. 89.39% of the stock is owned by hedge funds and other institutional investors.

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.