Samsara (NYSE:IOT) Upgraded at StockNews.com

Samsara (NYSE:IOT - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Separately, Loop Capital initiated coverage on Samsara in a research report on Thursday, April 18th. They issued a "buy" rating and a $42.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.60.

Samsara Stock Down 0.3 %

Shares of IOT traded down $0.10 during mid-day trading on Friday, hitting $39.37. 3,015,289 shares of the company's stock were exchanged, compared to its average volume of 2,621,407. Samsara has a twelve month low of $18.24 and a twelve month high of $42.28. The firm has a fifty day moving average of $36.34 and a two-hundred day moving average of $33.70. The stock has a market cap of $21.67 billion, a price-to-earnings ratio of -74.28 and a beta of 1.58.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The company had revenue of $276.27 million for the quarter, compared to the consensus estimate of $258.56 million. Samsara had a negative return on equity of 22.90% and a negative net margin of 30.59%. On average, equities analysts predict that Samsara will post -0.4 earnings per share for the current year.

Insider Activity

In related news, CEO Sanjit Biswas sold 96,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $30.73, for a total value of $2,950,080.00. Following the completion of the transaction, the chief executive officer now owns 1,115,921 shares in the company, valued at approximately $34,292,252.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Sanjit Biswas sold 96,000 shares of the firm's stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $30.73, for a total value of $2,950,080.00. Following the completion of the sale, the chief executive officer now directly owns 1,115,921 shares in the company, valued at approximately $34,292,252.33. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John Bicket sold 80,654 shares of the company'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 transaction, the insider now directly owns 379,518 shares in the company, valued at $12,801,142.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,837,779 shares of company stock worth $66,507,854. 66.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Samsara

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in Samsara by 40.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 889,656 shares of the company's stock valued at $22,428,000 after acquiring an additional 254,473 shares during the last quarter. Creative Planning purchased a new position in shares of Samsara in the third quarter valued at $5,878,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Samsara during the 4th quarter valued at $854,000. Principal Financial Group Inc. boosted its stake in Samsara by 608.4% in the 3rd quarter. Principal Financial Group Inc. now owns 745,565 shares of the company's stock worth $18,796,000 after purchasing an additional 640,321 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its holdings 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 buying an additional 37,316 shares in the last quarter. 89.39% of the stock is owned by hedge funds and other institutional investors.

Samsara Company Profile

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.