Samsara (NYSE:IOT) Now Covered by Raymond James

Equities researchers at Raymond James started coverage on shares of Samsara (NYSE:IOT) in a research note issued on Wednesday, Marketbeat.com reports. The firm set a “market perform” rating on the stock.

A number of other equities research analysts also recently issued reports on the company. BMO Capital Markets boosted their price target on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Piper Sandler upped their target price on Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Royal Bank of Canada increased their price target on Samsara from $49.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Berenberg Bank assumed coverage on Samsara in a report on Monday, February 3rd. They issued a “hold” rating and a $57.00 price target for the company. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.67.

Samsara Stock Down 5.4 %

NYSE IOT opened at $47.36 on Wednesday. Samsara has a fifty-two week low of $27.14 and a fifty-two week high of $61.90. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of -100.76 and a beta of 1.61. The business has a fifty day moving average of $49.27 and a 200-day moving average of $48.10.

Insider Transactions at Samsara

In other news, insider Sanjit Biswas sold 170,416 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $45.30, for a total transaction of $7,719,844.80. Following the sale, the insider now directly owns 1,175,569 shares in the company, valued at approximately $53,253,275.70. This represents a 12.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Eltoukhy sold 23,960 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $43.81, for a total value of $1,049,687.60. Following the sale, the insider now owns 331,106 shares in the company, valued at $14,505,753.86. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,410,944 shares of company stock worth $67,599,835. 60.04% of the stock is currently owned by company insiders.

Institutional Trading of Samsara

Large investors have recently added to or reduced their stakes in the business. State Street Corp increased its position in Samsara by 4.7% in the 3rd quarter. State Street Corp now owns 2,125,584 shares of the company’s stock valued at $102,283,000 after acquiring an additional 95,006 shares during the period. HighTower Advisors LLC boosted its stake in Samsara by 193.4% during the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after purchasing an additional 40,833 shares in the last quarter. Swiss National Bank boosted its stake in Samsara by 3.1% during the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company’s stock valued at $29,623,000 after purchasing an additional 18,400 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Samsara during the 4th quarter valued at $422,000. Finally, International Assets Investment Management LLC boosted its stake in Samsara by 2,787.2% during the 3rd quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock valued at $521,000 after purchasing an additional 10,452 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

About Samsara

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.