Samsara (NYSE:IOT) price target raised to $46.00

Samsara (NYSE:IOT – Free Report) Wells Fargo & Company Inc. raised its price target to $46.00 from $42.00 in a research note published Friday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports on the stock. Wolfe Research re-rated shares of Samsara with an outperform rating and gave a $44.00 price target in a research note on Friday, June 28th. Evercore ISI increased their price target on shares of Samsara from $40.00 to $42.00 and gave the company an in-line rating in a research note on Friday. BMO Capital Markets increased their price target on shares of Samsara from $40.00 to $44.00 and gave the company a market perform rating in a research note on Friday. StockNews.com lowered shares of Samsara from a hold rating to a sell rating in a research note on Wednesday, August 21st. Finally, Piper Sandler increased their price target on Samsara from $36.00 to $40.00 and gave the stock a neutral rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and eight have rated it with a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.07.

Check out our latest report on Samsara

Samsara Price Performance

Shares of NYSE IOT opened at $44.02 on Friday. The company’s 50-day moving average is $38.12 and its 200-day moving average is $36.08. The company has a market cap of $24.25 billion, a price/earnings ratio of -88.04, and a beta of 1.50. Samsara has a 12-month low of $21.48 and a 12-month high of $45.43.

Samsara (NYSE:IOT – Get Free Report) last released its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative return on equity of 21.66% and a negative net margin of 27.14%. Samsara’s revenue increased by 36.9% year-over-year. In the prior-year quarter, the company earned ($0.11) EPS. On average, analysts predict that Samsara will post -0.39 EPS for the current fiscal year.

Insider transactions at Samsara

In other news, insider Dominic Phillips sold 21,112 shares of the company’s stock in a transaction dated Monday, July 1. The shares were sold at an average price of $34.42, for a total transaction of $726,675.04. Following the completion of the sale, the insider now owns 1,010,326 shares of the company’s stock, valued at approximately $34,775,420.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available for access on the SEC website. In related news, insider Dominic Phillips sold 21,112 shares of the company’s stock in a transaction dated Monday, July 1. The shares were sold at an average price of $34.42, for a total transaction of $726,675.04. Following the completion of the sale, the insider now directly owns 1,010,326 shares of the company’s stock, valued at approximately $34,775,420.92. The sale was disclosed in a filing with the SEC, which is available for access via the SEC website. Also, CEO Sanjit Biswas sold 93,107 shares of the company’s stock in a transaction dated Tuesday, September 3. The shares were sold at an average price of $39.92, for a total value of $3,716,831.44. Following the completion of the transaction, the chief executive officer now directly owns 76,800 shares of the company’s stock, valued at $3,065,856. The disclosure for this sale can be found here. Insiders have sold a total of 1,779,696 shares of the company’s stock over the last three months, valued at $63,804,118. Currently, 60.04% of the shares are owned by company insiders.

Hedge funds weigh Samsara

A number of institutional investors and hedge funds have recently bought and sold shares of IOT. Advisors Asset Management Inc. increased its stake in shares of Samsara by 9.4% in the first quarter. Advisors Asset Management Inc. now owns 3,246 shares of the company’s stock worth $123,000 after purchasing an additional 280 shares during the period. Janney Capital Management LLC increased its stake in Samsara by 3.1% in the 4th quarter. Janney Capital Management LLC now owns 10,348 shares of the company’s stock worth $345,000 after purchasing an additional 311 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Samsara by 31.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock worth $53,000 after purchasing an additional 381 shares in the last quarter. Resources Management Corp CT ADV increased its position in Samsara by 104.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock worth $32,000 after purchasing an additional 490 shares in the last quarter. Finally, Cetera Advisors LLC increased its stake in shares of Samsara by 6.8% in the first quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock worth $295,000 after purchasing an additional 497 shares in the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.

Samsara Company Profile

(Get free report)

Samsara Inc. provides solutions that connect physical operational 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 built-in capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.

Recommended Articles

Get news and reviews for Samsara Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Samsara and related companies with MarketBeat.com’s FREE daily email newsletter.