Samsara Inc. (NYSE:IOT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Samsara Inc. (NYSE:IOT) have received an average rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $32.60.

Several equities analysts recently commented on the company. Loop Capital initiated coverage on Samsara in a research note on Thursday, April 18th. They issued a “buy” rating and a $42.00 target price for the company. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th.

Samsara Trading Up 0.4 %

NYSE:IOT opened at $38.41 on Thursday. Samsara has a 12-month low of $18.24 and a 12-month high of $40.54. The firm has a market cap of $21.15 billion, a price-to-earnings ratio of -72.47 and a beta of 1.58. The company’s 50-day moving average is $35.23 and its two-hundred day moving average is $32.22.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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, equities research analysts forecast that Samsara will post -0.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO James Andrew Munk sold 9,714 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $35.46, for a total transaction of $344,458.44. Following the sale, the chief accounting officer now directly owns 307,185 shares in the company, valued at approximately $10,892,780.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CAO James Andrew Munk sold 9,714 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $35.46, for a total transaction of $344,458.44. Following the completion of the sale, the chief accounting officer now directly owns 307,185 shares of the company’s stock, valued at approximately $10,892,780.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Bicket sold 91,713 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $35.61, for a total transaction of $3,265,899.93. Following the completion of the transaction, the insider now owns 2,232,749 shares in the company, valued at approximately $79,508,191.89. The disclosure for this sale can be found here. Insiders have sold a total of 1,538,320 shares of company stock worth $54,015,412 over the last quarter. 66.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Samsara

Institutional investors have recently made changes to their positions in the business. Janney Capital Management LLC increased its stake in shares of Samsara by 3.1% in the fourth quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock worth $345,000 after buying an additional 311 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Samsara by 31.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after purchasing an additional 381 shares during the last quarter. Ulland Investment Advisors LLC raised its stake in shares of Samsara by 33.6% in the 1st quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock valued at $75,000 after purchasing an additional 500 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Samsara by 1.0% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 66,389 shares of the company’s stock worth $2,216,000 after purchasing an additional 644 shares during the last quarter. Finally, Nvwm LLC grew its stake in Samsara by 4.2% in the first quarter. Nvwm LLC now owns 17,239 shares of the company’s stock worth $651,000 after purchasing an additional 689 shares in the last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.

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.