Samsara Inc. (NYSE:IOT) Given Average Recommendation of “Hold” by Brokerages

Samsara Inc. (NYSE:IOT) has been given an average rating of “Hold” by the nine analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $26.80.

IOT has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of Samsara from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday. BMO Capital Markets raised their price objective on shares of Samsara from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Friday. Morgan Stanley raised their price objective on shares of Samsara from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday. Truist Financial raised their price objective on shares of Samsara from $20.00 to $27.00 in a research note on Friday, June 23rd. Finally, StockNews.com began coverage on shares of Samsara in a report on Thursday, August 17th. They set a “sell” rating for the company.

Insider Transactions at Samsara

In other news, insider Adam Eltoukhy sold 16,668 shares of Samsara stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $25.91, for a total transaction of $431,867.88. Following the completion of the sale, the insider now directly owns 863,150 shares in the company, valued at $22,364,216.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Adam Eltoukhy sold 16,668 shares of Samsara stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $25.91, for a total transaction of $431,867.88. Following the completion of the sale, the insider now directly owns 863,150 shares in the company, valued at $22,364,216.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Bicket sold 77,952 shares of Samsara stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $25.80, for a total transaction of $2,011,161.60. Following the sale, the insider now owns 1,276,473 shares of the company’s stock, valued at $32,933,003.40. The disclosure for this sale can be found here. Insiders sold a total of 2,303,746 shares of company stock worth $62,782,314 over the last ninety days. 66.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Samsara

A number of institutional investors have recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Samsara by 90,983.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 45,374,298 shares of the company’s stock valued at $1,257,322,000 after purchasing an additional 45,324,482 shares during the period. Baillie Gifford & Co. grew its holdings in Samsara by 13.9% in the second quarter. Baillie Gifford & Co. now owns 21,419,199 shares of the company’s stock valued at $593,526,000 after purchasing an additional 2,606,137 shares during the period. General Atlantic L.P. purchased a new stake in Samsara in the first quarter valued at approximately $181,957,000. Vanguard Group Inc. grew its holdings in Samsara by 84.4% in the third quarter. Vanguard Group Inc. now owns 7,636,709 shares of the company’s stock valued at $92,175,000 after purchasing an additional 3,495,366 shares during the period. Finally, Morgan Stanley grew its holdings in Samsara by 4.6% in the fourth quarter. Morgan Stanley now owns 7,326,909 shares of the company’s stock valued at $91,073,000 after purchasing an additional 320,468 shares during the period. 52.47% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Stock Performance

IOT stock opened at $30.91 on Friday. Samsara has a one year low of $8.42 and a one year high of $31.12. The stock has a market capitalization of $16.34 billion, a PE ratio of -65.77 and a beta of 1.39. The company has a fifty day moving average of $26.22 and a 200-day moving average of $22.46.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, June 1st. The company reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). Samsara had a negative net margin of 34.20% and a negative return on equity of 21.20%. The firm had revenue of $204.32 million during the quarter, compared to analysts’ expectations of $193.03 million. Equities analysts forecast that Samsara will post -0.41 earnings per share for the current fiscal year.

About Samsara

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.