Samsara Inc. (NYSE:IOT) Receives Average Recommendation of “Hold” from Brokerages – MarketBeat

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Samsara Inc. (NYSE:IOTGet Free Report) has been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $31.56.

Several equities research analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of Samsara from $25.00 to $31.00 and gave the stock an “equal weight” rating in a report on Friday, December 1st. Royal Bank of Canada raised their price objective on shares of Samsara from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Piper Sandler raised their price objective on shares of Samsara from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, December 1st. JPMorgan Chase & Co. raised their price objective on shares of Samsara from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, December 1st. Finally, StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, December 1st.

Get Our Latest Stock Report on IOT

Insider Transactions at Samsara

In related news, insider Adam Eltoukhy sold 1,666 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $26.00, for a total value of $43,316.00. Following the completion of the transaction, the insider now directly owns 767,489 shares of the company’s stock, valued at $19,954,714. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Sanjit Biswas sold 89,800 shares of Samsara stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $30.48, for a total transaction of $2,737,104.00. Following the completion of the transaction, the chief executive officer now directly owns 1,077,600 shares in the company, valued at approximately $32,845,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Eltoukhy sold 1,666 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $26.00, for a total value of $43,316.00. Following the completion of the sale, the insider now owns 767,489 shares in the company, valued at approximately $19,954,714. The disclosure for this sale can be found here. Insiders have sold a total of 2,065,519 shares of company stock worth $53,539,285 in the last 90 days. Corporate insiders own 66.14% of the company’s stock.

Hedge Funds Weigh In On Samsara

Several institutional investors and hedge funds have recently modified their holdings of IOT. Bank of New York Mellon Corp bought a new position in shares of Samsara during the first quarter worth approximately $558,000. PNC Financial Services Group Inc. raised its position in Samsara by 141.6% during the first quarter. PNC Financial Services Group Inc. now owns 20,170 shares of the company’s stock valued at $322,000 after purchasing an additional 11,820 shares in the last quarter. BlackRock Inc. raised its position in Samsara by 17.3% during the first quarter. BlackRock Inc. now owns 3,227,576 shares of the company’s stock valued at $51,704,000 after purchasing an additional 477,013 shares in the last quarter. Vanguard Group Inc. raised its position in Samsara by 52.8% during the first quarter. Vanguard Group Inc. now owns 3,033,132 shares of the company’s stock valued at $48,591,000 after purchasing an additional 1,048,694 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. acquired a new position in Samsara during the first quarter valued at approximately $3,109,000. 52.47% of the stock is currently owned by institutional investors and hedge funds.

Samsara Stock Performance

IOT opened at $33.67 on Monday. The firm’s fifty day moving average is $25.96 and its two-hundred day moving average is $26.23. The firm has a market cap of $18.01 billion, a PE ratio of -80.17 and a beta of 1.50. Samsara has a twelve month low of $10.48 and a twelve month high of $35.99.

Samsara Company Profile

(Get Free Report

Samsara Inc provides solutions that connect 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.

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Analyst Recommendations for Samsara (NYSE:IOT)

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