Samsara Inc. (NYSE:IOT – Get Rating) has earned a consensus rating of "Moderate Buy" from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $21.38.
IOT has been the subject of a number of research reports. Moffett Nathanson started coverage on Samsara in a research report on Thursday, September 22nd. They set a "buy" rating and a $40.00 price target for the company. Royal Bank of Canada cut their price objective on Samsara from $19.00 to $14.00 and set an "outperform" rating for the company in a research note on Monday, November 28th. Morgan Stanley lowered their target price on Samsara from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, November 22nd. StockNews.com initiated coverage on Samsara in a report on Wednesday, October 12th. They set a "sell" rating on the stock. Finally, Evercore ISI decreased their price objective on Samsara to $15.00 in a report on Friday, December 2nd.
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Samsara Trading Down 1.5 %
Shares of Samsara stock opened at $12.27 on Friday. The stock has a 50 day moving average of $11.42 and a 200 day moving average of $12.68. Samsara has a 12 month low of $8.42 and a 12 month high of $25.42. The firm has a market cap of $6.37 billion and a PE ratio of -11.58.
Samsara (NYSE:IOT – Get Rating) last released its quarterly earnings data on Thursday, December 1st. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.03. The company had revenue of $169.80 million for the quarter, compared to the consensus estimate of $155.64 million. Samsara had a negative return on equity of 21.98% and a negative net
margin of 75.47%. As a group, equities research analysts forecast that Samsara will post -0.51 earnings per share for the current fiscal year.
Insider Buying and Selling at Samsara
In other news, insider Benjamin Calderon sold 98,048 shares of the firm's stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $10.30, for a total transaction of $1,009,894.40. Following the completion of the transaction, the insider now directly owns 115,583 shares of the company's stock, valued at approximately $1,190,504.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Samsara news, insider John Bicket sold 18,447 shares of Samsara stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $12.38, for a total value of $228,373.86. Following the transaction, the insider now owns 27,807 shares in the company, valued at approximately $344,250.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Benjamin Calderon sold 98,048 shares of Samsara stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $10.30, for a total transaction of $1,009,894.40. Following the transaction, the insider now owns 115,583 shares in the company, valued at approximately $1,190,504.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 968,514 shares of company stock valued at $11,440,011.
Hedge Funds Weigh In On Samsara
Several hedge funds and other institutional investors have recently made changes to their positions in IOT. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Samsara during the 2nd quarter worth $33,000. TFC Financial Management acquired a new position in Samsara during the 3rd quarter valued at about $36,000. IFP Advisors Inc acquired a new position in Samsara during the 3rd quarter valued at about $44,000. BNP Paribas Arbitrage SNC acquired a new position in Samsara during the 3rd quarter valued at about $45,000. Finally, New York State Common Retirement Fund acquired a new position in Samsara during the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 43.05% of the company's stock.
Samsara Company Profile
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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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