In a report released today, Matthew Hedberg from RBC Capital maintained a Buy rating on Samsara (IOT – Research Report), with a price target of $47.00. The company’s shares closed yesterday at $34.36.
According to TipRanks, Hedberg is a 5-star analyst with an average return of 12.2% and a 57.95% success rate. Hedberg covers the Technology sector, focusing on stocks such as Couchbase, Autodesk, and F5 Networks.
In addition to RBC Capital, Samsara also received a Buy from William Blair’s Matthew Pfau in a report issued today. However, on the same day, Truist Financial reiterated a Hold rating on Samsara (NYSE: IOT).
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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 196 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. Most recently, in December 2023, Sanjit Biswas, 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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