Samsara Inc. (NYSE:IOT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Samsara Inc. (NYSE:IOT) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $32.60.

IOT has been the subject of a number of research analyst reports. Loop Capital started coverage on Samsara in a research note on Thursday, April 18th. They set a “buy” rating and a $42.00 price target for the company. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th.

Samsara Stock Up 0.4 %

Shares of IOT opened at $38.41 on Thursday. Samsara has a 52-week low of $18.24 and a 52-week high of $40.54. The company has a market cap of $21.15 billion, a PE ratio of -72.47 and a beta of 1.58. The business has a fifty day moving average of $35.23 and a 200 day moving average of $32.22.

Samsara (NYSE:IOT) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, hitting analysts’ consensus estimates of ($0.08). The firm had revenue of $276.27 million during the quarter, compared to analysts’ expectations of $258.56 million. Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. As a group, research analysts anticipate that Samsara will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Samsara

In other news, CEO Sanjit Biswas sold 96,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $39.26, for a total value of $3,768,960.00. Following the completion of the sale, the chief executive officer now owns 1,307,921 shares of the company’s stock, valued at approximately $51,348,978.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Lara Caimi sold 19,379 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $39.00, for a total transaction of $755,781.00. Following the sale, the insider now owns 1,196,989 shares of the company’s stock, valued at $46,682,571. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $39.26, for a total transaction of $3,768,960.00. Following the completion of the transaction, the chief executive officer now owns 1,307,921 shares of the company’s stock, valued at $51,348,978.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,538,320 shares of company stock valued at $54,015,412. Company insiders own 66.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IOT. Fred Alger Management LLC acquired a new stake in Samsara in the third quarter valued at approximately $28,000. Quarry LP acquired a new stake in shares of Samsara in the 4th quarter worth $37,000. Montag A & Associates Inc. grew its stake in Samsara by 1,200.0% during the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock worth $43,000 after buying an additional 1,200 shares during the last quarter. Tradition Wealth Management LLC acquired a new position in Samsara during the 4th quarter valued at about $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Samsara by 31.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after buying an additional 381 shares during the last quarter. Hedge funds and other institutional investors own 89.39% 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.