Samsara Inc. (NYSE:IOT) Given Average Rating of “Hold” by Brokerages

Shares of Samsara Inc. (NYSE:IOT) have received a consensus rating of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $51.67.

Several equities research analysts recently issued reports on IOT shares. Craig Hallum initiated coverage on shares of Samsara in a research note on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price objective for the company. Truist Financial increased their price objective on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a report on Monday, November 18th. Wells Fargo & Company upped their target price on Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. BMO Capital Markets lifted their price target on shares of Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Finally, Morgan Stanley raised their target price on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th.

Insider Buying and Selling at Samsara

In related news, insider John Bicket sold 75,600 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $55.89, for a total value of $4,225,284.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $50.37, for a total transaction of $4,835,520.00. Following the sale, the chief executive officer now directly owns 195,886 shares of the company’s stock, valued at $9,866,777.82. This represents a 32.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,549,936 shares of company stock worth $75,624,852. Insiders own 60.04% of the company’s stock.

Institutional Investors Weigh In On Samsara

A number of institutional investors have recently made changes to their positions in IOT. Continuum Advisory LLC increased its stake in shares of Samsara by 39.1% in the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after acquiring an additional 247 shares during the last quarter. Private Trust Co. NA increased its position in shares of Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after buying an additional 250 shares in the last quarter. CIBC Asset Management Inc raised its stake in Samsara by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock worth $253,000 after buying an additional 300 shares during the period. Assenagon Asset Management S.A. grew its stake in Samsara by 3.5% in the third quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock valued at $433,000 after acquiring an additional 304 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Samsara by 5.1% in the third quarter. Wellington Management Group LLP now owns 7,959 shares of the company’s stock worth $383,000 after acquiring an additional 388 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Samsara Price Performance

Shares of Samsara stock opened at $54.60 on Friday. The firm has a market cap of $30.64 billion, a price-to-earnings ratio of -116.17 and a beta of 1.61. The stock has a 50-day simple moving average of $47.67 and a 200-day simple moving average of $46.26. Samsara has a 52-week low of $27.14 and a 52-week high of $57.51.

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.