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

Samsara Inc. (NYSE:IOTGet Rating) has earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $26.00.

Several research firms have recently commented on IOT. Evercore ISI increased their price objective on Samsara to $17.00 in a report on Tuesday, September 6th. StockNews.com began coverage on Samsara in a report on Wednesday, October 12th. They issued a “sell” rating for the company. Royal Bank of Canada increased their price objective on Samsara from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. Moffett Nathanson began coverage on Samsara in a report on Thursday, September 22nd. They issued a “buy” rating and a $40.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on Samsara from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, September 1st.

Insider Buying and Selling at Samsara

In other Samsara news, insider Benjamin Calderon sold 35,519 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $12.25, for a total transaction of $435,107.75. Following the completion of the sale, the insider now owns 115,583 shares of the company’s stock, valued at approximately $1,415,891.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Samsara news, insider Benjamin Calderon sold 35,519 shares of the stock in a transaction on Monday, September 19th. The stock was sold at an average price of $12.25, for a total transaction of $435,107.75. Following the transaction, the insider now owns 115,583 shares in the company, valued at approximately $1,415,891.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James Andrew Munk sold 7,496 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $12.25, for a total value of $91,826.00. Following the transaction, the chief accounting officer now owns 309,820 shares in the company, valued at approximately $3,795,295. The disclosure for this sale can be found here. Insiders sold 390,017 shares of company stock valued at $4,562,386 in the last quarter. 81.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Samsara in the second quarter worth $33,000. TFC Financial Management bought a new position in shares of Samsara in the third quarter worth $36,000. Focused Wealth Management Inc bought a new position in shares of Samsara in the third quarter worth $61,000. Royal Bank of Canada increased its position in shares of Samsara by 61.6% in the first quarter. Royal Bank of Canada now owns 6,127 shares of the company’s stock worth $98,000 after purchasing an additional 2,335 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of Samsara in the third quarter worth $126,000. Institutional investors own 23.68% of the company’s stock.

Samsara Stock Down 4.4 %

NYSE:IOT opened at $9.67 on Friday. Samsara has a twelve month low of $8.72 and a twelve month high of $31.41. The business has a 50 day moving average price of $12.30 and a two-hundred day moving average price of $12.76.

Samsara (NYSE:IOTGet Rating) last released its quarterly earnings results on Wednesday, August 31st. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.11. The firm had revenue of $153.52 million for the quarter, compared to analyst estimates of $143.70 million. On average, research analysts expect that Samsara will post -0.56 EPS for the current year.

About Samsara

(Get Rating)

Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.

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