Samsara (NYSE:IOT) Now Covered by Analysts at BNP Paribas

BNP Paribas assumed coverage on shares of Samsara (NYSE:IOT) in a research note published on Tuesday, Marketbeat Ratings reports. The firm issued a neutral rating and a $46.00 price target on the stock.

Several other research analysts have also commented on IOT. TD Cowen raised their price target on Samsara from $45.00 to $46.00 and gave the stock a buy rating in a research report on Friday, September 6th. Loop Capital lifted their target price on Samsara from $42.00 to $46.00 and gave the company a buy rating in a research report on Friday, September 6th. BMO Capital Markets raised their price objective on shares of Samsara from $40.00 to $44.00 and gave the company a market perform rating in a research note on Friday, September 6th. Royal Bank of Canada upped their target price on shares of Samsara from $47.00 to $49.00 and gave the stock an outperform rating in a research note on Friday, September 6th. Finally, StockNews.com cut shares of Samsara from a hold rating to a sell rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Samsara has an average rating of Hold and a consensus price target of $43.00.

Samsara Stock Down 0.2 %

Shares of Samsara stock opened at $50.49 on Tuesday. The firm has a market cap of $28.09 billion, a PE ratio of -105.19 and a beta of 1.52. Samsara has a 52 week low of $21.48 and a 52 week high of $51.53. The business’s fifty day simple moving average is $43.78 and its 200-day simple moving average is $38.17.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The company had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Samsara’s revenue for the quarter was up 36.9% compared to the same quarter last year. As a group, equities analysts expect that Samsara will post -0.34 earnings per share for the current year.

Insider Activity at Samsara

In other news, insider Adam Eltoukhy sold 8,500 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $50.01, for a total transaction of $425,085.00. Following the sale, the insider now owns 396,784 shares of the company’s stock, valued at approximately $19,843,167.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Samsara news, CEO Sanjit Biswas sold 65,605 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $36.82, for a total value of $2,415,576.10. Following the completion of the sale, the chief executive officer now owns 1,112,694 shares in the company, valued at approximately $40,969,393.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Eltoukhy sold 8,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $50.01, for a total transaction of $425,085.00. Following the transaction, the insider now owns 396,784 shares in the company, valued at approximately $19,843,167.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,053,030 shares of company stock valued at $87,159,176 over the last quarter. 60.04% of the stock is owned by insiders.

Institutional Trading of Samsara

A number of large investors have recently bought and sold shares of the business. Resources Management Corp CT ADV increased its holdings in shares of Samsara by 104.0% in the second quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after purchasing an additional 490 shares during the period. Quarry LP acquired a new position in Samsara in the 4th quarter valued at $37,000. National Bank of Canada FI purchased a new position in Samsara during the 2nd quarter worth $38,000. Nemes Rush Group LLC acquired a new stake in shares of Samsara in the 2nd quarter worth $45,000. Finally, UMB Bank n.a. boosted its holdings in shares of Samsara by 69.1% in the third quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock valued at $49,000 after acquiring an additional 418 shares in the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

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.