Analysts Set Samsara Inc. (NYSE:IOT) PT at $51.67

Samsara Inc. (NYSE:IOT) has been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $51.67.

Several analysts recently weighed in on IOT shares. StockNews.com upgraded Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Royal Bank of Canada increased their target price on Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Piper Sandler upped their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Loop Capital raised their price objective on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th.

Insider Activity at Samsara

In other Samsara news, insider John Bicket sold 75,600 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $55.89, for a total transaction of $4,225,284.00. Following the completion of the sale, the insider now directly owns 400,020 shares of the company’s stock, valued at approximately $22,357,117.80. This represents a 15.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sanjit Biswas sold 170,416 shares of Samsara stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $45.30, for a total transaction of $7,719,844.80. Following the transaction, the insider now owns 1,175,569 shares in the company, valued at $53,253,275.70. This represents a 12.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,549,936 shares of company stock worth $75,624,852. 60.04% of the stock is owned by insiders.

Hedge Funds Weigh In On Samsara

A number of institutional investors have recently bought and sold shares of IOT. Jones Financial Companies Lllp purchased a new stake in Samsara in the 4th quarter worth approximately $31,000. Hobbs Group Advisors LLC purchased a new stake in shares of Samsara in the third quarter worth $34,000. IFP Advisors Inc raised its position in shares of Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company’s stock valued at $35,000 after purchasing an additional 598 shares during the period. Continuum Advisory LLC lifted its stake in shares of Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company’s stock valued at $45,000 after buying an additional 247 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in Samsara by 69.1% in the 3rd quarter. UMB Bank n.a. now owns 1,023 shares of the company’s stock worth $49,000 after buying an additional 418 shares during the period. 96.02% of the stock is owned by institutional investors.

Samsara Stock Performance

Shares of IOT opened at $55.74 on Friday. Samsara has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The firm’s 50-day simple moving average is $47.73 and its two-hundred day simple moving average is $46.77. The stock has a market cap of $31.28 billion, a PE ratio of -118.60 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.