Samsara Inc. (NYSE:IOT) Receives $37.17 Consensus Price Target from Brokerages

Samsara Inc. (NYSE:IOT) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $37.17.

Several analysts have recently issued reports on IOT shares. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research report on Saturday, May 25th. Evercore ISI reduced their price objective on Samsara from $41.00 to $40.00 and set an “in-line” rating on the stock in a research report on Friday, June 7th. Loop Capital restated a “buy” rating and issued a $42.00 price objective on shares of Samsara in a research report on Friday, June 28th. Bank of America assumed coverage on Samsara in a research report on Thursday, June 20th. They issued a “buy” rating and a $37.00 price objective on the stock. Finally, Piper Sandler reiterated a “neutral” rating and issued a $36.00 target price on shares of Samsara in a research note on Friday, June 28th.

Insiders Place Their Bets

In other Samsara news, insider Adam Eltoukhy sold 9,471 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $37.79, for a total transaction of $357,909.09. Following the completion of the sale, the insider now directly owns 465,967 shares in the company, valued at $17,608,892.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Samsara news, Director Marc L. Andreessen sold 277,484 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $28.88, for a total transaction of $8,013,737.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Eltoukhy sold 9,471 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $37.79, for a total value of $357,909.09. Following the completion of the sale, the insider now directly owns 465,967 shares of the company’s stock, valued at approximately $17,608,892.93. The disclosure for this sale can be found here. Insiders sold 1,573,573 shares of company stock worth $54,867,168 over the last three months. 60.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Samsara

Several institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its position in shares of Samsara by 9.4% in the first quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after buying an additional 280 shares during the period. Janney Capital Management LLC boosted its position 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 period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Samsara by 31.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after buying an additional 381 shares during the period. Cetera Advisors LLC boosted its position in shares of Samsara by 6.8% in the first quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock worth $295,000 after buying an additional 497 shares during the period. Finally, Ulland Investment Advisors LLC boosted its position in shares of Samsara by 33.6% in the first quarter. Ulland Investment Advisors LLC now owns 1,990 shares of the company’s stock worth $75,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Samsara Stock Performance

IOT opened at $36.74 on Tuesday. The business’s fifty day moving average is $34.51 and its two-hundred day moving average is $34.74. The company has a market cap of $20.24 billion, a price-to-earnings ratio of -73.48 and a beta of 1.49. Samsara has a one year low of $21.48 and a one year high of $42.28.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, June 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. Samsara had a negative return on equity of 21.66% and a negative net margin of 27.14%. The business had revenue of $280.73 million for the quarter, compared to the consensus estimate of $272.51 million. On average, analysts predict that Samsara will post -0.39 EPS for the current fiscal year.

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.