Samsara (NYSE:IOT) Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Samsara (NYSE:IOTFree Report) from a hold rating to a sell rating in a report released on Friday.

Separately, Loop Capital began 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Samsara has an average rating of Hold and an average price target of $32.60.

Check Out Our Latest Analysis on IOT

Samsara Price Performance

Shares of NYSE:IOT opened at $41.14 on Friday. Samsara has a 1 year low of $18.24 and a 1 year high of $42.28. The firm has a market capitalization of $22.65 billion, a PE ratio of -77.62 and a beta of 1.58. The business’s 50 day moving average price is $36.13 and its 200-day moving average price is $33.33.

Samsara (NYSE:IOTGet Free Report) last announced its earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analysts’ expectations of $258.56 million. As a group, analysts expect that Samsara will post -0.4 earnings per share for the current year.

Insider Buying and Selling

In other Samsara news, insider John Bicket sold 80,654 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $33.73, for a total value of $2,720,459.42. Following the sale, the insider now owns 379,518 shares of the company’s stock, valued at $12,801,142.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Samsara news, CEO Sanjit Biswas sold 96,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $33.20, for a total value of $3,187,200.00. Following the sale, the chief executive officer now owns 19,200 shares of the company’s stock, valued at approximately $637,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Bicket sold 80,654 shares of Samsara stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $33.73, for a total transaction of $2,720,459.42. Following the completion of the transaction, the insider now owns 379,518 shares of the company’s stock, valued at approximately $12,801,142.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,751,603 shares of company stock valued at $62,994,825. Company insiders own 66.14% of the company’s stock.

Hedge Funds Weigh In On Samsara

A number of institutional investors and hedge funds have recently modified their holdings of IOT. Quarry LP acquired a new stake in shares of Samsara during the 4th quarter worth about $37,000. Fred Alger Management LLC acquired a new stake in Samsara during the third quarter worth approximately $28,000. Montag A & Associates Inc. lifted its position in shares of Samsara by 1,200.0% during the 4th quarter. Montag A & Associates Inc. now owns 1,300 shares of the company’s stock worth $43,000 after buying an additional 1,200 shares during the last quarter. Tradition Wealth Management LLC acquired a new position in shares of Samsara in the 4th quarter valued at $46,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew 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 valued at $53,000 after buying an additional 381 shares during the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

Samsara Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Samsara (NYSE:IOT)

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