Samsara Inc. (NYSE:IOT) Receives Average Recommendation of “Hold” from Analysts

Shares of Samsara Inc. (NYSE:IOT) have been assigned an average rating of “Hold” from the sixteen analysts that are currently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $51.67.

IOT has been the topic of a number of recent research reports. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Piper Sandler raised their price target on Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley lifted their price objective on shares of Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Truist Financial raised their target price on shares of Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Finally, Raymond James started coverage on shares of Samsara in a report on Wednesday, February 26th. They set a “market perform” rating on the stock.

Samsara Trading Down 3.6 %

Shares of NYSE IOT opened at $44.18 on Wednesday. The stock has a market capitalization of $24.80 billion, a price-to-earnings ratio of -94.01 and a beta of 1.61. Samsara has a 12-month low of $27.14 and a 12-month high of $61.90. The firm’s 50-day moving average price is $49.32 and its 200-day moving average price is $48.37.

Insider Buying and Selling

In related news, insider Dominic Phillips sold 20,136 shares of Samsara stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $50.45, for a total value of $1,015,861.20. Following the completion of the sale, the insider now directly owns 882,664 shares in the company, valued at $44,530,398.80. The trade was a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $45.37, for a total transaction of $1,020,825.00. Following the transaction, the director now owns 396,079 shares in the company, valued at approximately $17,970,104.23. The trade was a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,244,520 shares of company stock valued at $58,644,560 over the last quarter. 60.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Samsara

Large investors have recently modified their holdings of the business. Cim LLC increased its holdings in Samsara by 1.3% during the fourth quarter. Cim LLC now owns 31,164 shares of the company’s stock valued at $1,362,000 after buying an additional 386 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Samsara during the 4th quarter valued at $1,100,000. Windmill Hill Asset Management Ltd increased its holdings in shares of Samsara by 25.0% in the 4th quarter. Windmill Hill Asset Management Ltd now owns 5,974 shares of the company’s stock valued at $261,000 after acquiring an additional 1,195 shares during the period. Toronto Dominion Bank raised its position in shares of Samsara by 10.9% in the 4th quarter. Toronto Dominion Bank now owns 29,435 shares of the company’s stock worth $1,286,000 after acquiring an additional 2,899 shares in the last quarter. Finally, Cache Advisors LLC purchased a new stake in shares of Samsara during the 4th quarter worth $227,000. Institutional investors own 96.02% of the company’s stock.

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.