Samsara Inc. (NYSE:IOT) Given Average Rating of "Moderate Buy" by Analysts

Samsara Inc. (NYSE:IOT - Get Free Report) has been given an average rating of "Moderate Buy" by the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $50.64.

Several brokerages have issued reports on IOT. Evercore ISI set a $45.00 target price on Samsara in a research report on Wednesday, June 25th. Morgan Stanley lowered their price target on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Piper Sandler set a $53.00 price target on Samsara and gave the company an "overweight" rating in a report on Wednesday, June 25th. BMO Capital Markets boosted their price target on Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a report on Monday, June 2nd. Finally, Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a report on Friday, May 30th.

Samsara Stock Performance

Shares of Samsara stock opened at $39.08 on Tuesday. Samsara has a one year low of $31.40 and a one year high of $61.90. The stock's fifty day moving average is $42.72 and its 200 day moving average is $43.74. The stock has a market cap of $22.25 billion, a P/E ratio of -177.64 and a beta of 1.63.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%. The business had revenue of $366.88 million for the quarter, compared to analysts' expectations of $351.44 million. During the same period last year, the firm earned $0.03 earnings per share. The business's quarterly revenue was up 30.7% on a year-over-year basis. Analysts predict that Samsara will post -0.3 EPS for the current year.

Insiders Place Their Bets

In other news, insider Sanjit Biswas sold 160,000 shares of the company's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $34.97, for a total transaction of $5,595,200.00. Following the transaction, the insider directly owned 102,000 shares of the company's stock, valued at approximately $3,566,940. This represents a 61.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Bicket sold 170,000 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $39.42, for a total value of $6,701,400.00. Following the transaction, the insider directly owned 367,642 shares in the company, valued at approximately $14,492,447.64. The trade was a 31.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,202,323 shares of company stock valued at $92,630,610. Company insiders own 46.49% of the company's stock.

Hedge Funds Weigh In On Samsara

A number of large investors have recently made changes to their positions in the business. Vishria Bird Financial Group LLC grew its holdings in shares of Samsara by 93.5% during the second quarter. Vishria Bird Financial Group LLC now owns 15,552 shares of the company's stock valued at $619,000 after buying an additional 7,515 shares during the last quarter. Zevenbergen Capital Investments LLC grew its holdings in shares of Samsara by 62.4% during the second quarter. Zevenbergen Capital Investments LLC now owns 954,791 shares of the company's stock valued at $37,982,000 after buying an additional 366,982 shares during the last quarter. Hamilton Lane Advisors LLC purchased a new stake in shares of Samsara during the second quarter valued at $8,056,000. AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Samsara during the first quarter valued at $899,000. Finally, Swedbank AB grew its holdings in shares of Samsara by 156.1% during the first quarter. Swedbank AB now owns 54,620 shares of the company's stock valued at $2,094,000 after buying an additional 33,292 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

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.

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