Samsara Inc. (NYSE:IOT) Receives $31.56 Consensus Target Price from Analysts

Shares of Samsara Inc. (NYSE:IOT) have been assigned an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $31.56.

Separately, StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th.

Insider Activity

In related news, CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $51,348,978.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Samsara news, insider John Bicket sold 92,190 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $31.93, for a total value of $2,943,626.70. Following the transaction, the insider now owns 655,982 shares of the company’s stock, valued at $20,945,505.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjit Biswas sold 96,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 1,307,921 shares of the company’s stock, valued at approximately $51,348,978.46. The disclosure for this sale can be found here. In the last three months, insiders sold 1,591,038 shares of company stock worth $55,006,636. 66.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Samsara

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new stake in Samsara in the fourth quarter valued at approximately $37,000. Fred Alger Management LLC bought a new stake in shares of Samsara during the third quarter valued at approximately $28,000. Montag A & Associates Inc. raised its stake in shares of Samsara by 1,200.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock valued at $43,000 after buying an additional 1,200 shares in the last quarter. Tradition Wealth Management LLC acquired a new position in Samsara in the fourth quarter worth about $46,000. Finally, Ulland Investment Advisors LLC lifted its position in shares of Samsara by 67.4% during the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $38,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Samsara Stock Up 1.6 %

Shares of IOT opened at $30.93 on Friday. The stock’s 50-day moving average price is $34.94 and its 200-day moving average price is $31.15. Samsara has a 52 week low of $16.63 and a 52 week high of $40.54. The company has a market capitalization of $17.03 billion, a price-to-earnings ratio of -58.36 and a beta of 1.56.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). The firm had revenue of $276.27 million for the quarter, compared to the consensus estimate 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, equities analysts anticipate that Samsara will post -0.4 EPS for the current fiscal year.

About Samsara

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.