Brokerages Set Samsara Inc. (NYSE:IOT) Price Target at $51.67

Shares of Samsara Inc. (NYSE:IOT) have received an average rating of “Hold” from the sixteen brokerages that are currently covering the company, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $49.60.

Several brokerages recently issued reports on IOT. Morgan Stanley boosted their price target on Samsara from $40.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. BMO Capital Markets cut their price target on Samsara from $57.00 to $48.00 and set a “market perform” rating for the company in a research note on Friday. Wells Fargo & Company cut their price target on Samsara from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Friday. Royal Bank of Canada cut their price target on Samsara from $64.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Raymond James started coverage on shares of Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating for the company.

Samsara Trading Down 15.7 %

Shares of IOT stock opened at $35.32 on Wednesday. The stock has a market cap of $19.82 billion, a P/E ratio of -75.14 and a beta of 1.63. The stock has a 50 day simple moving average of $49.21 and a 200 day simple moving average of $48.29. Samsara has a 1 year low of $27.14 and a 1 year high of $61.90.

Insider Transactions at Samsara

In related news, insider Dominic Phillips sold 20,136 shares of the stock in a transaction on 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. This represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Adam Eltoukhy sold 23,960 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $43.81, for a total value of $1,049,687.60. Following the completion of the sale, the insider now owns 331,106 shares of the company’s stock, valued at $14,505,753.86. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,389,912 shares of company stock worth $65,081,064. Corporate insiders own 60.04% of the company’s stock.

Institutional Trading of Samsara

A number of institutional investors and hedge funds have recently bought and sold shares of IOT. State Street Corp boosted its position in Samsara by 4.7% during the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after acquiring an additional 95,006 shares during the last quarter. HighTower Advisors LLC boosted its position in Samsara by 193.4% during the third quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after acquiring an additional 40,833 shares during the last quarter. Swiss National Bank boosted its position in Samsara by 3.1% during the third quarter. Swiss National Bank now owns 615,600 shares of the company’s stock valued at $29,623,000 after acquiring an additional 18,400 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in Samsara during the fourth quarter valued at $422,000. Finally, International Assets Investment Management LLC boosted its position in Samsara by 2,787.2% during the third quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock valued at $521,000 after acquiring an additional 10,452 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.