The stock of Samsara Inc (NYSE:IOT) last traded at $55.13, down -1.27% from the previous session.
IOT stock price is now 9.70% away from the 50-day moving average and 36.57% away from the 200-day moving average. The market capitalization of the company currently stands at $30.67B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $48, Craig Hallum recently initiated with Hold rating for Samsara Inc (NYSE: IOT). On October 08, 2024, Exane BNP Paribas recently initiated its ‘Neutral’ rating on the stock quoting a target price of $46, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’
In other news, Biswas Sanjit, 10% Owner sold 83,333 shares of the company’s stock on Dec 03 ’24. The stock was sold for $4,484,565 at an average price of $53.81. Upon completion of the transaction, the 10% Owner now directly owns 19,200 shares in the company, valued at $1.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’24, 10% Owner Biswas Sanjit sold 12,667 shares of the business’s stock. A total of $701,610 was realized by selling the stock at an average price of $55.39. This leaves the insider owning 76,800 shares of the company worth $4.23 million. A total of 62.95% of the company’s stock is owned by insiders.
During the past 12 months, Samsara Inc has had a low of $27.14 and a high of $57.51. 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 $50.1388 and a two-hundred day moving average price translates $40.25055 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.
