The stock of Samsara Inc (NYSE:IOT) last traded at $47.55, up 1.30% from the previous session.
IOT stock price is now 20.90% away from the 50-day moving average and 33.99% away from the 200-day moving average. The market capitalization of the company currently stands at $26.45B.
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With the price target enhanced from $40 to $44, BMO Capital Markets maintained Market Perform rating for Samsara Inc (NYSE: IOT). On June 20, 2024, BofA Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $37, while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, Caimi Lara, Officer bought 35,315 shares of the company’s stock on Sep 17 ’24. The stock was bought for $1,677,984 at an average price of $47.51. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 17 ’24, Officer ADAM ELTOUKHY bought 28,205 shares of the business’s stock. A total of $1,323,943 was incurred on buying the stock at an average price of $46.94. A total of 63.39% 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 $47.79. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 1.43, and a quick ratio of 1.37. The fifty day moving average price for IOT is $39.5596 and a two-hundred day moving average price translates $35.58385 for the stock.
The latest earnings results from Samsara Inc (NYSE: IOT) was released for 2024-08-03. The net profit margin was -24.19% and return on equity was -27.86% for IOT. The company reported revenue of $300.2 million for the quarter, compared to $219.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.92 percent.
