Samsara (NYSE:IOT) received a neutral rating for Piper Sandler

Piper Sandler maintained a neutral rating on the stock Samsara (NYSE:IOT – Free Report) in a research report published Friday morning, Benzinga reports. Piper Sandler’s stock price is currently $36.00.

Other stock analysts have also recently issued reports on the company. Bank of America initiated coverage of Samsara in a report on Thursday, June 20. They set a Buy rating and a $37.00 price target for the stock. Loop Capital re-issued a Buy rating and set a $42.00 price target for Samsara in a report on Friday. BMO Capital Markets re-issued a Market Perform rating and set a $40.00 price target for Samsara in a report on Tuesday, June 11. Wolfe Research re-issued an Outperform rating and set a $44.00 price target for Samsara in a report on Friday. Finally, StockNews.com raised Samsara from a Sell rating to a Hold rating in a report on Saturday, May 25. Six investment analysts have rated the stock as a Hold, while seven have given the company a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.17.

View our latest stock report on Samsara

Samsara trade increases by 3.4%

IOT shares opened at $33.74 on Friday. The company’s 50 day simple moving average is $35.02, and its 200 day simple moving average is $34.27. Samsara has a 12-month low of $21.48 and a 12-month high of $42.28. The company has a market capitalization of $18.58 billion, a price-to-earnings ratio of -67.48 and a beta of 1.51.

Insiders place their bets

In other Samsara news, insider Adam Eltoukhy sold 10,422 shares of the company’s stock in a transaction on Monday, April 15. The shares were sold at an average price of $30.78, for a total value of $320,789.16. Following the completion of the sale, the insider now owns 535,149 shares of the company’s stock, valued at approximately $16,471,886.22. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this link . In other Samsara news, insider Adam Eltoukhy sold 10,422 shares of the company’s stock in a transaction on Monday, April 15. The shares were sold at an average price of $30.78, for a total value of $320,789.16. Following the completion of the sale, the insider now owns 535,149 shares of the company’s stock, valued at approximately $16,471,886.22. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this link . Additionally, CEO Sanjit Biswas sold 96,000 shares of the company’s stock in a transaction on Tuesday, June 25. The shares were sold at an average price of $29.49, for a total value of $2,831,040.00. Following the completion of the sale, the CEO now owns 1,466,299 shares of the company’s stock, valued at approximately $43,241,157.51. An announcement regarding the sale can be found here . In the last quarter, insiders sold 1,707,743 shares of the company’s stock, valued at $58,180,086. Corporate insiders own 60.04% of the company’s stock.

Institutional inflows and outflows

Many institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Samsara during the first quarter worth approximately $362,000. Kentucky Teachers Retirement System increased its position in shares of Samsara by 45.2% during the first quarter. Teachers Retirement System of the State of Kentucky now owns 146,789 shares of the company’s stock valued at $5,547,000 after purchasing an additional 45,700 shares in the last quarter. Cetera Advisors LLC increased its position in shares of Samsara by 6.8% during the first quarter. Cetera Advisors LLC now owns 7,805 shares of the company’s stock valued at $295,000 after purchasing an additional 497 shares in the last quarter. Washington Harbor Partners LP acquired a new position in shares of Samsara during the first quarter worth approximately $1,150,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Samsara during the first quarter worth approximately $274,000. Hedge funds and other institutional investors hold 89.39% of the company’s shares.

About Samsara

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Samsara Inc. provides solutions that connect physical operations data to the Connected Operations Cloud in the United States and globally. The company’s Connected Operations Cloud includes a data platform that ingests, aggregates, and enriches data from IoT devices and has built-in capabilities for AI, workflows and analytics, alerting, API connections, and data security and privacy.

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