In yesterday’s Wall Street session, Samsara Inc (NYSE:IOT) shares traded at $40.86, down -0.99% from the previous session.
IOT stock price is now 15.50% away from the 50-day moving average and 20.08% away from the 200-day moving average. The market capitalization of the company currently stands at $22.51B.
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With the price target of $37, BofA Securities recently initiated with Buy rating for Samsara Inc (NYSE: IOT). On April 18, 2024, Loop Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $42, while ‘FBN Securities’ rates the stock as ‘Outperform’
In other news, Biswas Sanjit, CHIEF EXECUTIVE OFFICER sold 78,295 shares of the company’s stock on Aug 20 ’24. The stock was sold for $3,171,315 at an average price of $40.50. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 908,004 shares in the company, valued at $37.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21 ’24, CHIEF EXECUTIVE OFFICER Biswas Sanjit sold 17,705 shares of the business’s stock. A total of $730,510 was realized by selling the stock at an average price of $41.26. This leaves the insider owning 890,299 shares of the company worth $36.38 million. A total of 64.25% of the company’s stock is owned by insiders.
During the past 12 months, Samsara Inc has had a low of $21.48 and a high of $42.28. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 1.36, and a quick ratio of 1.31. The fifty day moving average price for IOT is $35.6002 and a two-hundred day moving average price translates $34.10635 for the stock.
The latest earnings results from Samsara Inc (NYSE: IOT) was released for 2024-05-04. The net profit margin was -27.14% and return on equity was -29.80% for IOT. The company reported revenue of $280.73 million for the quarter, compared to $204.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 37.4 percent.
