Samsara (NYSE:IOT) Research Coverage Started at Raymond James

Raymond James started coverage on shares of Samsara (NYSE:IOT) in a report issued on Wednesday morning, MarketBeat reports. The firm issued a market perform rating on the stock.

A number of other analysts have also recently commented on IOT. Berenberg Bank assumed coverage on shares of Samsara in a research note on Monday, February 3rd. They issued a “hold” rating and a $57.00 price target for the company. Loop Capital increased their price objective on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Wells Fargo & Company increased their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Morgan Stanley increased their price objective on shares of Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.67.

Samsara Price Performance

Shares of IOT stock opened at $47.68 on Wednesday. The stock has a market cap of $26.76 billion, a P/E ratio of -101.45 and a beta of 1.61. The company has a fifty day moving average price of $49.34 and a two-hundred day moving average price of $48.17. Samsara has a one year low of $27.14 and a one year high of $61.90.

Insider Buying and Selling

In other Samsara news, insider Sanjit Biswas sold 118,589 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $49.15, for a total value of $5,828,649.35. Following the transaction, the insider now directly owns 126,000 shares of the company’s stock, valued at $6,192,900. This trade represents a 48.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Eltoukhy sold 9,043 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $53.88, for a total transaction of $487,236.84. Following the completion of the transaction, the insider now directly owns 331,106 shares in the company, valued at approximately $17,839,991.28. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,410,944 shares of company stock valued at $67,599,835. 60.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Samsara

Several hedge funds have recently bought and sold shares of IOT. Baillie Gifford & Co. increased its holdings in Samsara by 23.4% in the 3rd quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after buying an additional 6,411,178 shares during the period. FMR LLC boosted its stake in shares of Samsara by 24.0% in the 4th quarter. FMR LLC now owns 14,743,175 shares of the company’s stock valued at $644,129,000 after purchasing an additional 2,852,575 shares in the last quarter. Jordan Park Trust Co LLC acquired a new stake in shares of Samsara in the 4th quarter valued at approximately $112,041,000. Norges Bank acquired a new stake in shares of Samsara in the 4th quarter valued at approximately $106,274,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Samsara by 107.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock valued at $181,045,000 after purchasing an additional 2,148,081 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

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.