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

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

Other research analysts have recently issued research reports on the stock. Wolfe Research reissued an outperform rating and issued a $44.00 target price on shares of Samsara in a research note on Friday, June 28th. Evercore ISI boosted their price objective on shares of Samsara from $40.00 to $42.00 and gave the company an in-line rating in a research report on Friday. BMO Capital Markets boosted their price objective 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 raised their price objective 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 given a buy rating to the company. Based on data from MarketBeat.com, the company presently 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 two-hundred-day moving average is $36.08. The company has a market cap of $24.25 billion, a PE 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 Your 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 firm 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 was up 36.9% year over year. In the same quarter last year, the company earned ($0.11) EPS. On average, analysts expect that Samsara will post -0.39 EPS for the current fiscal year.

Insider trading at Samsara

In other news, insider Dominic Phillips sold 21,112 shares of the company’s stock in a transaction dated Monday, July 1st. 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 in the company, valued at approximately $34,775,420.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, insider Dominic Phillips sold 21,112 shares of the business’s stock in a transaction dated Monday, July 1st. 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 can be accessed through the SEC’s website. Also, CEO Sanjit Biswas sold 93,107 shares of the business’s stock in a transaction dated Tuesday, September 3rd. 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 in the company, 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 company stock worth $63,804,118 in the last three months. 60.04% of the shares are currently owned by company insiders.

Hedge funds influence Samsara

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

Samsara Company Profile

(Get a free report)

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 the 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.

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