Samsara Inc. (NYSE:IOT) Receives $31.56 Consensus Price Target from Analysts

Shares of Samsara Inc. (NYSE:IOT - Get Free Report) have received an average recommendation of "Hold" from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $31.56.

Separately, StockNews.com upgraded shares of Samsara from a "sell" rating to a "hold" rating in a report on Tuesday, March 5th.

Insiders Place Their Bets

In other Samsara news, CEO Sanjit Biswas sold 57,749 shares of the business's stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $33.48, for a total value of $1,933,436.52. Following the completion of the transaction, the chief executive officer now owns 1,250,172 shares of the company's stock, valued at approximately $41,855,758.56. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Lara Caimi sold 19,379 shares of the company's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $39.00, for a total transaction of $755,781.00. Following the completion of the sale, the insider now directly owns 1,196,989 shares in the company, valued at approximately $46,682,571. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjit Biswas sold 57,749 shares of the company's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $33.48, for a total transaction of $1,933,436.52. Following the sale, the chief executive officer now owns 1,250,172 shares of the company's stock, valued at $41,855,758.56. The disclosure for this sale can be found here. Insiders sold a total of 1,696,382 shares of company stock valued at $58,572,437 in the last quarter. Corporate insiders own 66.14% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in shares of Samsara by 40.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 889,656 shares of the company's stock worth $22,428,000 after buying an additional 254,473 shares during the period. Creative Planning purchased a new stake in Samsara during the 3rd quarter valued at about $5,878,000. CHURCHILL MANAGEMENT Corp purchased a new stake in Samsara during the 4th quarter valued at about $854,000. Principal Financial Group Inc. grew its position in Samsara by 608.4% during the 3rd quarter. Principal Financial Group Inc. now owns 745,565 shares of the company's stock valued at $18,796,000 after purchasing an additional 640,321 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in Samsara by 54.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 105,316 shares of the company's stock valued at $2,656,000 after purchasing an additional 37,316 shares during the last quarter. 89.39% of the stock is currently owned by institutional investors.

Samsara Price Performance

Shares of IOT stock traded down $0.52 on Friday, hitting $31.88. The stock had a trading volume of 2,399,970 shares, compared to its average volume of 3,472,340. The business has a 50 day moving average of $34.98 and a 200 day moving average of $31.07. The stock has a market cap of $17.55 billion, a price-to-earnings ratio of -60.15 and a beta of 1.56. Samsara has a 12-month low of $16.63 and a 12-month high of $40.54.

Samsara (NYSE:IOT - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $258.56 million. As a group, research analysts expect that Samsara will post -0.4 earnings per share for the current fiscal year.

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.