Brokerages Set Samsara Inc. (NYSE:IOT) Price Target at $51.67

Samsara Inc. (NYSE:IOT) has earned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $51.67.

IOT has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Samsara from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Berenberg Bank initiated coverage on Samsara in a research report on Monday, February 3rd. They issued a “hold” rating and a $57.00 price objective for the company. Truist Financial boosted their price objective on Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, November 18th. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Piper Sandler raised their price target on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, December 6th.

Insider Activity at Samsara

In other Samsara news, CEO Sanjit Biswas sold 96,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $50.37, for a total transaction of $4,835,520.00. Following the completion of the transaction, the chief executive officer now owns 195,886 shares of the company’s stock, valued at approximately $9,866,777.82. This trade represents a 32.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam Eltoukhy sold 12,500 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $55.05, for a total transaction of $688,125.00. Following the completion of the transaction, the insider now owns 396,784 shares of the company’s stock, valued at approximately $21,842,959.20. The trade was a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,639,006 shares of company stock worth $80,609,827 over the last ninety days. 60.04% of the stock is owned by corporate insiders.

Institutional Trading of Samsara

Hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. raised its stake in Samsara by 23.4% during the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock valued at $1,628,592,000 after buying an additional 6,411,178 shares during the last quarter. FMR LLC raised its position in shares of Samsara by 24.0% in the 4th quarter. FMR LLC now owns 14,743,175 shares of the company’s stock worth $644,129,000 after purchasing an additional 2,852,575 shares during the last quarter. Jordan Park Trust Co LLC bought a new position in Samsara in the 4th quarter worth about $112,041,000. Norges Bank bought a new position in Samsara in the 4th quarter valued at approximately $106,274,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Samsara by 107.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,143,855 shares of the company’s stock worth $181,045,000 after acquiring an additional 2,148,081 shares during the period. 96.02% of the stock is owned by institutional investors.

Samsara Stock Up 4.6 %

Shares of NYSE:IOT opened at $58.98 on Friday. The stock has a market cap of $33.10 billion, a PE ratio of -125.48 and a beta of 1.61. The company’s fifty day moving average is $47.75 and its 200 day moving average is $46.89. Samsara has a 52 week low of $27.14 and a 52 week high of $59.04.

Samsara Company Profile

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.