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

Samsara Inc. (NYSE:IOT) has earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $32.60.

IOT has been the topic of a number of recent analyst reports. Loop Capital initiated coverage on shares of Samsara in a research report on Thursday. They issued a “buy” rating and a $42.00 price objective on the stock. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th.

Samsara Trading Up 0.2 %

Shares of NYSE:IOT opened at $31.02 on Friday. Samsara has a 12 month low of $16.63 and a 12 month high of $40.54. The company has a market cap of $17.08 billion, a price-to-earnings ratio of -58.53 and a beta of 1.56. The company has a 50-day moving average price of $34.84 and a 200 day moving average price of $31.15.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. The company had revenue of $276.27 million for the quarter, compared to analyst estimates of $258.56 million. As a group, equities analysts forecast that Samsara will post -0.4 EPS for the current year.

Insider Activity

In other news, insider John Bicket sold 92,190 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $31.93, for a total transaction of $2,943,626.70. Following the transaction, the insider now directly owns 655,982 shares in the company, valued at $20,945,505.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider John Bicket sold 92,190 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $31.93, for a total transaction of $2,943,626.70. Following the transaction, the insider now directly owns 655,982 shares in the company, valued at $20,945,505.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sanjit Biswas sold 92,216 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $31.93, for a total transaction of $2,944,456.88. Following the transaction, the chief executive officer now owns 662,119 shares in the company, valued at $21,141,459.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,697,460 shares of company stock worth $58,277,505. Corporate insiders own 66.14% of the company’s stock.

Hedge Funds Weigh In On Samsara

Several institutional investors and hedge funds have recently bought and sold shares of IOT. Bank of New York Mellon Corp purchased a new position in Samsara in the first quarter worth $558,000. PNC Financial Services Group Inc. grew its holdings in Samsara by 141.6% in the first quarter. PNC Financial Services Group Inc. now owns 20,170 shares of the company’s stock worth $322,000 after purchasing an additional 11,820 shares during the last quarter. BlackRock Inc. grew its holdings in Samsara by 17.3% in the first quarter. BlackRock Inc. now owns 3,227,576 shares of the company’s stock worth $51,704,000 after purchasing an additional 477,013 shares during the last quarter. Vanguard Group Inc. grew its holdings in Samsara by 52.8% in the first quarter. Vanguard Group Inc. now owns 3,033,132 shares of the company’s stock worth $48,591,000 after purchasing an additional 1,048,694 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new position in Samsara in the first quarter worth $3,109,000. 89.39% of the stock is owned by hedge funds and other institutional investors.

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.