RBC Capital analyst Matthew Hedberg maintained a Buy rating on Samsara (IOT – Research Report) on January 7 and set a price target of $40.00. The company’s shares closed yesterday at $32.95.
Hedberg covers the Technology sector, focusing on stocks such as ServiceNow, Informatica, and Autodesk. According to TipRanks, Hedberg has an average return of 6.7% and a 54.56% success rate on recommended stocks.
Currently, the analyst consensus on Samsara is a Moderate Buy with an average price target of $32.91.
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Based on Samsara’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $237.53 million and a GAAP net loss of $45.53 million. In comparison, last year the company earned a revenue of $169.8 million and had a GAAP net loss of $58.56 million
Based on the recent corporate insider activity of 208 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IOT in relation to earlier this year. Last month, Biswas Sanjit, the CEO of IOT sold 138,272.00 shares for a total of $4,692,615.75.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Samsara (IOT) Company Description:
Samsara Inc provides an end-to-end solution for operations: The solution connects physical operations data to Connected Operations Cloud, which consists of the Data Platform and Application.
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