Samsara Inc. (NYSE:IOT) Receives $51.67 Consensus Target Price from Analysts

Shares of Samsara Inc. (NYSE:IOT) have earned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $51.67.

A number of research analysts recently commented on the company. Royal Bank of Canada upped their price objective on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Truist Financial upped their price target on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Craig Hallum assumed coverage on Samsara in a research report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price objective for the company. Piper Sandler upped their target price on shares of Samsara from $40.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, December 6th.

Insider Buying and Selling

In other Samsara news, insider Sanjit Biswas sold 56,474 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $43.33, for a total transaction of $2,447,018.42. Following the transaction, the insider now directly owns 116,257 shares of the company’s stock, valued at approximately $5,037,415.81. This trade represents a 32.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Adam Eltoukhy sold 9,307 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.55, for a total transaction of $461,161.85. Following the sale, the insider now owns 396,784 shares of the company’s stock, valued at $19,660,647.20. This trade represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,549,936 shares of company stock worth $75,624,852 in the last ninety days. 60.04% of the stock is owned by corporate insiders.

Institutional Trading of Samsara

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GLOBALT Investments LLC GA grew its stake in shares of Samsara by 0.3% in the 4th quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company’s stock valued at $2,444,000 after purchasing an additional 182 shares during the last quarter. Continuum Advisory LLC lifted its holdings in shares of Samsara by 39.1% during the third quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock worth $45,000 after purchasing an additional 247 shares during the period. Private Trust Co. NA grew its position in Samsara by 19.2% in the 3rd quarter. Private Trust Co. NA now owns 1,550 shares of the company’s stock valued at $75,000 after buying an additional 250 shares during the last quarter. CIBC Asset Management Inc increased its stake in Samsara by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,791 shares of the company’s stock valued at $253,000 after buying an additional 300 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Samsara by 3.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,001 shares of the company’s stock worth $433,000 after buying an additional 304 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Price Performance

NYSE:IOT opened at $55.01 on Friday. The company’s 50-day moving average is $47.69 and its two-hundred day moving average is $46.52. Samsara has a 1-year low of $27.14 and a 1-year high of $57.51. The firm has a market capitalization of $30.87 billion, a price-to-earnings ratio of -117.04 and a beta of 1.61.

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.