Samsara Inc (NYSE: IOT) is 18.03% 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 $38.54 in the last trading session, with the day’s gains setting it 0.86%.
Currently trading at $39.40, the stock is 8.98% and 15.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.38 million and changing 2.23% at the moment leaves the stock 35.19% off its SMA200. IOT registered 117.32% gain for a year compared to 6-month gain of 66.88%. The firm has a 50-day simple moving average (SMA 50) of $22.23 and a 200-day simple moving average (SMA200) of -$88.89.
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The stock witnessed a 17.65% loss in the last 1 month and extending the period to 3 months gives it a 15.85%, and is 7.07% 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 4.25% over the week and 5.16% over the month.
Samsara Inc (IOT) has around 2266 employees, a market worth around $21.28B and $937.38M in sales. Fwd P/E is 179.72. Profit margin for the company is -30.59%. Distance from 52-week low is 136.92% and -2.81% 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 27.50% year-over-year.
Samsara Inc (IOT) Top Institutional Holders
332 institutions hold shares in Samsara Inc (IOT), with institutional investors hold 88.44% of the company’s shares. The shares outstanding are 540.17M, and float is at 165.83M with Short Float at 6.85%. Institutions hold 85.10% 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 GCGM Investment Holdings, LP,the company’s10% Owner. SEC filings show that GCGM Investment Holdings, LP sold 68,904 shares of the company’s common stock on Mar 22 ’24 at a price of $36.98 per share for a total of $2.55 million. Following the sale, the insider now owns 0.0 shares.
Samsara Inc disclosed in a document filed with the SEC on Mar 22 ’24 that Taneja Hemant (Director) sold a total of 68,904 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $36.98 per share for $2.55 million. Following the transaction, the insider now directly holds 0.0 shares of the IOT stock.
Still, SEC filings show that on Mar 21 ’24, Caimi Lara (PRESIDENT, WORLDWIDE FIELD OPS) disposed off 19,379 shares at an average price of $37.26 for $0.72 million. The insider now directly holds 1,216,368 shares of Samsara Inc (IOT).
