Samsara Inc (NYSE:IOT) shares traded -3.92% lower at $41.88 on Wall Street last session.
IOT stock price is now -14.46% away from the 50-day moving average and -5.37% away from the 200-day moving average. The market capitalization of the company currently stands at $23.50B.
On February 03, 2025, Berenberg recently initiated its ‘Hold’ rating on the stock quoting a target price of $57, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’
In other news, Biswas Sanjit, CHIEF EXECUTVE OFFICER sold 145,392 shares of the company’s stock on Mar 04 ’25. The stock was sold for $6,435,785 at an average price of $44.27. Upon completion of the transaction, the CHIEF EXECUTVE OFFICER now directly owns 120,000 shares in the company, valued at $5.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’25, CHIEF EXECUTVE OFFICER Biswas Sanjit sold 14,608 shares of the business’s stock. A total of $638,470 was realized by selling the stock at an average price of $43.71. This leaves the insider owning 1,317,848 shares of the company worth $55.19 million. A total of 55.54% of the company’s stock is owned by insiders.
During the past 12 months, Samsara Inc has had a low of $27.14 and a high of $61.90. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 1.41, and a quick ratio of 1.35.
The net profit margin was -21.80% and return on equity was -26.37% for IOT. The company reported revenue of $321.98 million for the quarter, compared to $237.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.55 percent.
