Stocks of Samsara Inc (NYSE:IOT) traded higher last session on Wall Street, down -2.13% to $27.54.
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 $34.00 and a low of $25.00, we find $30.00. Given the previous closing price of $28.14, this indicates a potential upside of 6.61 percent. IOT stock price is now 11.76% away from the 50-day moving average and 17.62% away from the 200-day moving average. The market capitalization of the company currently stands at $14.73B.
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 $29.83 as their price target over the next twelve months.
With the price target of $30, FBN Securities recently initiated with Outperform rating for Samsara Inc (NYSE: IOT).
In other news, Bicket John, insider sold 18,128 shares of the company’s stock on Nov 29. The stock was sold for $508,369 at an average price of $28.04. Upon completion of the transaction, the insider now directly owns 264,429 shares in the company, valued at $7.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29, Chief Executive Officer Biswas Sanjit sold 16,326 shares of the business’s stock. A total of $457,449 was realized by selling the stock at an average price of $28.02. This leaves the insider owning 226,724 shares of the company worth $6.24 million. Insiders disposed of 53,536,508 shares of company stock worth roughly $1.47 billion over the past 1 year. A total of 70.73% of the company’s stock is owned by insiders.
Thursday’s opening bell rang with an opening price of $28.55 for Samsara Inc (NYSE: IOT). During the past 12 months, Samsara Inc has had a low of $8.86 and a high of $32.41. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 1.84, and a quick ratio of 1.80. The fifty day moving average price for IOT is $24.64 and a two-hundred day moving average price translates $23.42 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 -30.77% and return on equity was -25.40% 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 $224.73M 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.
