Samsara Inc (NYSE: IOT) is 17.05% higher on its value in year-to-date trading and has touched a low of $16.63 and a high of $40.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IOT stock was last observed hovering at around $38.35 in the last trading session, with the day’s gains setting it 0.72%.
Currently trading at $39.07, the stock is 13.97% and 18.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.34 million and changing 1.88% at the moment leaves the stock 37.64% off its SMA200. IOT registered 101.81% gain for a year compared to 6-month gain of 26.65%. The firm has a 50-day simple moving average (SMA 50) of $22.04 and a 200-day simple moving average (SMA200) of -$88.13.
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The stock witnessed a 10.15% loss in the last 1 month and extending the period to 3 months gives it a 16.04%, and is 19.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.66% over the week and 5.07% over the month.
Samsara Inc (IOT) has around 2266 employees, a market worth around $21.10B and $937.38M in sales. Fwd P/E is 201.09. Profit margin for the company is -30.59%. Distance from 52-week low is 134.94% and -3.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-28.85%).
Samsara Inc quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $272.39M over the same period.The EPS is expected to grow by 68.13% this year, but quarterly earnings will post 27.90% year-over-year.
Samsara Inc (IOT) Top Institutional Holders
329 institutions hold shares in Samsara Inc (IOT), with institutional investors hold 87.53% of the company’s shares. The shares outstanding are 540.17M, and float is at 167.24M with Short Float at 6.80%. Institutions hold 85.09% of the Float.
The top institutional shareholder in the company is General Catalyst Group Management, LLC with over 33.43 million shares valued at $926.31 million. The investor’s holdings represent 18.64% of the IOT Shares outstanding. As of Jun 29, 2023, the second largest holder is Baillie Gifford and Company with 21.42 million shares valued at $593.53 million to account for 11.95% of the shares outstanding. The other top investors are Morgan Stanley which holds 20.5 million shares representing 11.43% and valued at over $567.97 million, while Vanguard Group Inc holds 7.50% of the shares totaling 13.44 million with a market value of $372.54 million.
Samsara Inc (IOT) Insider Activity
The most recent transaction is an insider sale by Biswas Sanjit,the company’sCHIEF EXECUTIVE OFFICER. SEC filings show that Biswas Sanjit sold 96,000 shares of the company’s common stock on Mar 05 ’24 at a price of $33.20 per share for a total of $3.19 million. Following the sale, the insider now owns 19200.0 shares.
Samsara Inc disclosed in a document filed with the SEC on Mar 05 ’24 that Bicket John () sold a total of 96,000 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $33.20 per share for $3.19 million. Following the transaction, the insider now directly holds 19200.0 shares of the IOT stock.
Still, SEC filings show that on Feb 28 ’24, Biswas Sanjit (CHIEF EXECUTIVE OFFICER) disposed off 15,658 shares at an average price of $33.24 for $0.52 million. The insider now directly holds 370,335 shares of Samsara Inc (IOT).
