Stocks of Samsara Inc. (NYSE:IOT) traded higher last session on Wall Street, down -7.11% to $25.22.
According to the data, Samsara Inc. (NYSE:IOT) has 12 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 $34.00 and a low of $25.00, we find $30.00. Given the previous closing price of $27.15, this indicates a potential upside of 10.5 percent. IOT stock price is now -6.07% away from the 50-day moving average and 23.24% away from the 200-day moving average. The market capitalization of the company currently stands at $13.92B.
A total of 6 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $29.82 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, Munk James Andrew, Chief Accounting Officer sold 2,339 shares of the company’s stock on Sep 19. The stock was sold for $62,162 at an average price of $26.58. Upon completion of the transaction, the Chief Accounting Officer now directly owns 332,774 shares in the company, valued at $8.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15, Chief Executive Officer Biswas Sanjit sold 140,364 shares of the business’s stock. A total of $3,822,760 was realized by selling the stock at an average price of $27.23. This leaves the insider owning 1,687,163 shares of the company worth $42.55 million. Insiders disposed of 17,656,965 shares of company stock worth roughly $445.31 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 LMDAGG, L.L.C. during the first quarter worth $81,329,000. WHALE ROCK CAPITAL MANAGEMENT LLC invested $47,971,000 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 $33,143,000. MASS GENERAL BRIGHAM, INC acquired a new stake in IOT for approximately $9,534,000. PORTLAND LTD purchased a new stake in IOT valued at around $4,690,000 in the second quarter. In total, there are 250 active investors with 71.60% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $27.15 for Samsara Inc. (NYSE: IOT). During the past 12 months, Samsara Inc. has had a low of $8.42 and a high of $32.41. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.00, and a quick ratio of 2.00. The fifty day moving average price for IOT is $26.80 and a two-hundred day moving average price translates $20.54 for the stock.
The latest earnings results from Samsara Inc. (NYSE: IOT) was released for Jul, 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 -30.80% and return on equity was -25.70% 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 $224.79M 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.
