The price of Samsara Inc (NYSE:IOT) shares last traded on Wall Street rose 3.28% to $37.18.
IOT stock price is now 9.84% away from the 50-day moving average and 28.25% away from the 200-day moving average. The market capitalization of the company currently stands at $20.08B.
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With the price target of $30, FBN Securities recently initiated with Outperform rating for Samsara Inc (NYSE: IOT). On April 21, 2023, Truist recently initiated its ‘Hold’ rating on the stock quoting a target price of $20, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Bicket John, insider sold 11,878 shares of the company’s stock on Mar 20 ’24. The stock was sold for $427,911 at an average price of $36.03. Upon completion of the transaction, the insider now directly owns 347,382 shares in the company, valued at $12.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20 ’24, CHIEF EXECUTIVE OFFICER Biswas Sanjit sold 11,863 shares of the business’s stock. A total of $427,367 was realized by selling the stock at an average price of $36.03. This leaves the insider owning 443,921 shares of the company worth $16.5 million. A total of 69.31% of the company’s stock is owned by insiders.
During the past 12 months, Samsara Inc has had a low of $16.63 and a high of $40.54. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 1.32, and a quick ratio of 1.29. The fifty day moving average price for IOT is $33.93 and a two-hundred day moving average price translates $29.04 for the stock.
The latest earnings results from Samsara Inc (NYSE: IOT) was released for Feb, 2024. According to the Software – Infrastructure Company, earnings per share came in at $0.04, beating analysts’ expectations of $0.03 by 0.01. This compares to -$0.11 EPS in the same period last year. The net profit margin was -30.59% and return on equity was -30.94% for IOT. The company reported revenue of $237.53 million for the quarter, compared to $169.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.89 percent. For the current quarter, analysts expect IOT to generate $272.39M in revenue.
