Stocks of Samsara Inc (NYSE:IOT) traded higher last session on Wall Street, down -1.99% to $38.38.
IOT stock price is now -9.70% away from the 50-day moving average and -16.22% away from the 200-day moving average. The market capitalization of the company currently stands at $21.85B.
With the price target enhanced from $48 to $54, BMO Capital Markets maintained Outperform rating for Samsara Inc (NYSE: IOT). On March 10, 2025, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $50, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, Phillips Dominic, insider sold 18,333 shares of the company’s stock on Jul 01 ’25. The stock was sold for $718,464 at an average price of $39.19. Upon completion of the transaction, the insider now directly owns 793,735 shares in the company, valued at $30.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 01 ’25, Officer DOMINIC PHILLIPS bought 53,919 shares of the business’s stock. A total of $2,144,898 was incurred on buying the stock at an average price of $39.78. A total of 57.35% of the company’s stock is owned by insiders.
During the past 12 months, Samsara Inc has had a low of $31.40 and a high of $61.90. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 1.36, and a quick ratio of 1.31.
The net profit margin was -9.04% and return on equity was -11.77% for IOT. The company reported revenue of $366.88 million for the quarter, compared to $280.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.69 percent.
