Stocks of Samsara Inc. (NYSE:IOT) traded higher last session on Wall Street, up 0.04% to $26.01.
According to the data, Samsara Inc. (NYSE:IOT) has 13 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $20.00, we find $29.00. Given the previous closing price of $26.00, this indicates a potential upside of 11.54 percent. IOT stock price is now 2.14% away from the 50-day moving average and 49.21% away from the 200-day moving average. The market capitalization of the company currently stands at $13.74B.
A total of 6 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $27.83 as their price target over the next twelve months.
With the price target of $20, Truist recently initiated with Hold rating for Samsara Inc. (NYSE: IOT).
In other news, Bicket John, insider sold 46,663 shares of the company’s stock on Jul 26. The stock was sold for $1,219,500 at an average price of $26.13. Upon completion of the transaction, the insider now directly owns 465,379 shares in the company, valued at $12.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 26, Chief Executive Officer Biswas Sanjit sold 46,159 shares of the business’s stock. A total of $1,206,352 was realized by selling the stock at an average price of $26.13. This leaves the insider owning 494,719 shares of the company worth $12.87 million. Insiders disposed of 43,311,257 shares of company stock worth roughly $1.13 billion 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 $489,328,000. GENERAL ATLANTIC, L.P. invested $239,995,000 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 $83,876,000. LORD, ABBETT & CO. LLC acquired a new stake in IOT for approximately $56,812,000. MITSUBISHI UFJ TRUST & BANKING CORP purchased a new stake in IOT valued at around $17,166,000 in the second quarter.
Thursday’s opening bell rang with an opening price of $26.66 for Samsara Inc. (NYSE: IOT). During the past 12 months, Samsara Inc. has had a low of $8.42 and a high of $30.91. 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 $25.58 and a two-hundred day moving average price translates $17.50 for the stock.
The latest earnings results from Samsara Inc. (NYSE: IOT) was released for Apr, 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 -$0.14 EPS in the same period last year. The net profit margin was -34.20% and return on equity was -26.00% for IOT. The company reported revenue of $204.32 million for the quarter, compared to $142.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.24 percent. For the current quarter, analysts expect IOT to generate $207.49M in revenue.
