The price of Samsara Inc. (NYSE:IOT) shares last traded on Wall Street fell -3.75% to $18.50.
Based on available information, 13 analysts follow Samsara Inc. (NYSE:IOT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $29.00 and a low of $17.00, we find $21.00. Given the previous closing price of $19.22, this indicates a potential upside of 9.26 percent. IOT stock price is now -4.56% away from the 50-day moving average and 25.08% away from the 200-day moving average. The market capitalization of the company currently stands at $9.92B.
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Among analysts, 6 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $21.58 as their price target over the next twelve months.
In other news, Bicket John, insider sold 32,884 shares of the company’s stock on May 24. The stock was sold for $622,935 at an average price of $18.94. Upon completion of the transaction, the insider now directly owns 1,187,739 shares in the company, valued at $21.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24, Chief Executive Officer Biswas Sanjit sold 32,323 shares of the business’s stock. A total of $612,359 was realized by selling the stock at an average price of $18.95. This leaves the insider owning 1,213,119 shares of the company worth $22.44 million. Insiders disposed of 40,086,627 shares of company stock worth roughly $741.6 million over the past 1 year. A total of 3.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IOT stock. A new stake in Samsara Inc. shares was purchased by BAILLIE GIFFORD & CO during the first quarter worth $348,042,000. GENERAL ATLANTIC, L.P. invested $170,700,000 in shares of IOT during the first quarter. In the first quarter, LMDAGG, L.L.C. acquired a new stake in Samsara Inc. valued at approximately $59,658,000. LORD, ABBETT & CO. LLC acquired a new stake in IOT for approximately $40,409,000. VICTORY CAPITAL MANAGEMENT INC purchased a new stake in IOT valued at around $14,337,000 in the second quarter. In total, there are 203 active investors with 71.60% ownership of the company’s stock.
A candlestick chart of Samsara Inc. (NYSE: IOT) showed a price of $19.54 on Thursday morning. During the past 12 months, Samsara Inc. has had a low of $8.42 and a high of $22.59. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.20, and a quick ratio of 2.10. The fifty day moving average price for IOT is $19.36 and a two-hundred day moving average price translates $14.80 for the stock.
The latest earnings results from Samsara Inc. (NYSE: IOT) was released for Jan, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.02, beating analysts’ expectations of -$0.05 by 0.03. This compares to -$0.68 EPS in the same period last year. The net profit margin was -37.90% and return on equity was -26.10% for IOT. The company reported revenue of $186.58 million for the quarter, compared to $125.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 48.37 percent. For the current quarter, analysts expect IOT to generate $191.9M in revenue.
Samsara Inc.(IOT) Company Profile
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 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; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility. It serves transportation, wholesale and retail trade, construction, field services, logistics, utilities and energy, healthcare and education, manufacturing, food and beverage, and other industries, as well as government. The company was incorporated in 2015 and is based in San Francisco, California.
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