Samsara Inc (NYSE: IOT) is 21.99% higher on its value in year-to-date trading and has touched a low of $21.48 and a high of $42.28 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 $40.34 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $40.72, the stock is 8.10% and 16.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.67 million and changing 0.94% at the moment leaves the stock 20.32% off its SMA200. IOT registered 69.60% gain for a year compared to 6-month gain of 23.66%.
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The stock witnessed a 9.70% loss in the last 1 month and extending the period to 3 months gives it a -1.02%, and is 2.23% 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 3.44% over the week and 5.26% over the month.
Samsara Inc (IOT) has around 2895 employees, a market worth around $22.43B and $1.01B in sales. Fwd P/E is 170.48. Profit margin for the company is -27.14%. Distance from 52-week low is 89.57% and -3.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.58%).
The EPS is expected to grow by 90.64% this year.
Samsara Inc (IOT) Top Institutional Holders
468.0 institutions hold shares in Samsara Inc (IOT), with institutional investors hold 90.93% of the company’s shares. The shares outstanding are 200.99M, and float is at 196.90M with Short Float at 7.57%. Institutions hold 87.97% of the Float.
The top institutional shareholder in the company is GENERAL CATALYST GROUP MANAGEMENT, LLC with over 26.3 million shares valued at $993.77 million. The investor’s holdings represent 4.9165 of the IOT Shares outstanding. As of 2024-03-31, the second largest holder is BAILLIE GIFFORD & CO with 23.23 million shares valued at $877.68 million to account for 4.3422 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 17.64 million shares representing 3.2978 and valued at over $666.58 million, while VANGUARD GROUP INC holds 3.1972 of the shares totaling 17.1 million with a market value of $646.25 million.
Samsara Inc (IOT) Insider Activity
The most recent transaction is an insider sale by Eltoukhy Adam, the company’s. SEC filings show that Eltoukhy Adam sold 9,471 shares of the company’s common stock on Aug 15 ’24 at a price of $39.51 per share for a total of $0.37 million. Following the sale, the insider now owns 0.47 million shares.
Samsara Inc disclosed in a document filed with the SEC on Aug 13 ’24 that Biswas Sanjit (CHIEF EXECUTIVE OFFICER) sold a total of 96,000 shares of the company’s common stock. The trade occurred on Aug 13 ’24 and was made at $39.70 per share for $3.81 million. Following the transaction, the insider now directly holds 0.99 million shares of the IOT stock.
Still, SEC filings show that on Aug 13 ’24, Bicket John () disposed off 96,000 shares at an average price of $39.70 for $3.81 million. The insider now directly holds 1,352,040 shares of Samsara Inc (IOT).
