In yesterday’s Wall Street session, Samsara Inc. (NYSE:IOT) shares traded at $31.58, down -0.79% from the previous session.
13 analysts cover Samsara Inc. (NYSE:IOT), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $25.00, we find $30.50. Given the previous closing price of $31.83, this indicates a potential downside of -4.18 percent. IOT stock price is now 20.06% away from the 50-day moving average and 62.22% away from the 200-day moving average. The market capitalization of the company currently stands at $14.76B.
The stock has received a hold rating from 6 analysts and a buy rating from 7. Brokers who have rated the stock have averaged $30.08 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 12,343 shares of the company’s stock on Aug 30. The stock was sold for $321,934 at an average price of $26.08. Upon completion of the transaction, the insider now directly owns 1,264,130 shares in the company, valued at $39.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30, Chief Executive Officer Biswas Sanjit sold 11,840 shares of the business’s stock. A total of $308,724 was realized by selling the stock at an average price of $26.07. This leaves the insider owning 1,257,200 shares of the company worth $39.7 million. Insiders disposed of 42,347,911 shares of company stock worth roughly $1.34 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 LMDAGG, L.L.C. during the first quarter worth $101,838,000. WHALE ROCK CAPITAL MANAGEMENT LLC invested $60,068,000 in shares of IOT during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in Samsara Inc. valued at approximately $41,501,000. MASS GENERAL BRIGHAM, INC acquired a new stake in IOT for approximately $11,938,000. PORTLAND LTD purchased a new stake in IOT valued at around $5,873,000 in the second quarter. In total, there are 250 active investors with 71.60% ownership of the company’s stock.
On Wednesday morning Samsara Inc. (NYSE: IOT) stock kicked off with the opening price of $31.75. During the past 12 months, Samsara Inc. has had a low of $8.42 and a high of $31.86. 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 $26.43 and a two-hundred day moving average price translates $19.58 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 $0.01, beating analysts’ expectations of -$0.02 by 0.03. This compares to -$0.13 EPS in the same period last year. The net profit margin was -31.70% and return on equity was -26.40% for IOT. The company reported revenue of $219.26 million for the quarter, compared to $153.52 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.82 percent. For the current quarter, analysts expect IOT to generate $224.72M 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.
