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

Samsara Inc. (NYSE:IOT) has received a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on 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.

Samsara Stock Down 1.6 %

NYSE:IOT opened at $31.88 on Friday. The firm has a market capitalization of $17.55 billion, a P/E ratio of -60.15 and a beta of 1.56. Samsara has a twelve month low of $16.63 and a twelve month high of $40.54. The company has a fifty day moving average of $34.98 and a 200-day moving average of $31.03.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). The firm had revenue of $276.27 million for the quarter, compared to analyst estimates of $258.56 million. Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. On average, analysts anticipate that Samsara will post -0.4 EPS for the current fiscal year.

Insider Activity at Samsara

In other Samsara news, CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $33.85, for a total transaction of $3,249,600.00. Following the transaction, the chief executive officer now directly owns 850,335 shares of the company’s stock, valued at approximately $28,783,839.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Samsara news, CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $33.85, for a total transaction of $3,249,600.00. Following the transaction, the chief executive officer now owns 850,335 shares of the company’s stock, valued at approximately $28,783,839.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lara Caimi sold 19,379 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $39.00, for a total value of $755,781.00. Following the completion of the transaction, the insider now directly owns 1,196,989 shares of the company’s stock, valued at $46,682,571. The disclosure for this sale can be found here. In the last three months, insiders sold 1,696,382 shares of company stock valued at $58,572,437. 66.14% of the stock is owned by insiders.

Hedge Funds Weigh In On Samsara

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in Samsara by 40.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 889,656 shares of the company’s stock worth $22,428,000 after acquiring an additional 254,473 shares during the period. Creative Planning purchased a new position in Samsara in the third quarter valued at approximately $5,878,000. CHURCHILL MANAGEMENT Corp purchased a new stake in Samsara in the fourth quarter worth $854,000. Principal Financial Group Inc. raised its stake in shares of Samsara by 608.4% in the third quarter. Principal Financial Group Inc. now owns 745,565 shares of the company’s stock valued at $18,796,000 after buying an additional 640,321 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Samsara by 54.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 105,316 shares of the company’s stock valued at $2,656,000 after buying an additional 37,316 shares during the last quarter. 89.39% of the stock is owned by hedge funds and other institutional investors.

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.