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Why Should Samsara Inc. (IOT) Be In Your Portfolio?

Samsara Inc. (NYSE:IOT) has seen 1.27 million shares traded in the last trading session. The company, currently valued at $6.79B, closed the last trade at $13.34 per share which meant it gained $0.1 on the day or 0.76% during that session. The IOT stock price is -90.55% off its 52-week high price of $25.42 and 36.88% above the 52-week low of $8.42. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.95 million shares traded. The 3-month trading volume is 1.40 million shares.

Samsara Inc. (NYSE:IOT) trade information

Sporting 0.76% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the IOT stock price touched $13.34 or saw a rise of 2.27%. Year-to-date, Samsara Inc. shares have moved 7.32%, while the 5-day performance has seen it change 5.87%. Over the past 30 days, the shares of Samsara Inc. (NYSE:IOT) have changed 4.30%. Short interest in the company has seen 9.03 million shares shorted with days to cover at 6.55.

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Wall Street analysts have a consensus price target for the stock at $17.78, which means that the shares’ value could jump 24.97% from current levels. The projected low price target is $14.00 while the price target rests at a high of $28.00. In that case, then, we find that the current price level is -109.9% off the targeted high while a plunge would see the stock gain -4.95% from current levels.

Samsara Inc. (IOT) estimates and forecasts

Figures show that Samsara Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -4.58% over the past 6 months, with this year growth rate of 61.90%, compared to 7.20% for the industry. Revenue growth from the last financial year stood is estimated to be 43.10%.

9 analysts offering their estimates for the company have set an average revenue estimate of $155.35 million for the current quarter. 9 have an estimated revenue figure of $161.26 million for the next quarter concluding in Jan 2023. Year-ago sales stood $113.82 million and $125.75 million respectively for this quarter and the next, and analysts expect sales will grow by 36.50% for the current quarter and 28.20% for the next.

IOT Dividends

Samsara Inc. is expected to release its next earnings report on August 31 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Samsara Inc. (NYSE:IOT)’s Major holders

Insiders own 3.53% of the company shares, while shares held by institutions stand at 72.88% with a share float percentage of 75.55%. Investors are also buoyed by the number of investors in a company, with Samsara Inc. having a total of 140 institutions that hold shares in the company. The top two institutional holders are General Catalyst Group Management, LLC with over 47.43 million shares worth more than $529.78 million. As of Jun 29, 2022, General Catalyst Group Management, LLC held 42.83% of shares outstanding.

The other major institutional holder is Warburg Pincus LLC, with the holding of over 7.08 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $79.09 million and represent 6.39% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are AB Discovery Growth Fund and Morgan Stanley Inst Fund Inc-Inception Port. As of Aug 30, 2022, the former fund manager holds about 2.15% shares in the company for having 2.38 million shares of worth $35.37 million while later fund manager owns 1.65 million shares of worth $18.43 million as of Jun 29, 2022, which makes it owner of about 1.49% of company’s outstanding stock.

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