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Samsara Inc. (NYSE: IOT) Stock Jumping 23.31% Over A Month – Any Room For Its Value To Rise?

Samsara Inc. (NYSE:IOT)’s traded shares stood at 7.63 million during the last session. At the close of trading, the stock’s price was $19.47, to imply a decrease of -1.42% or -$0.28 in intraday trading. The IOT share’s 52-week high remains $21.49, putting it -10.37% down since that peak but still an impressive 56.75% since price per share fell to its 52-week low of $8.42. The company has a valuation of $10.57B, with an average of 6.12 million shares in intraday trading volume over the past 10 days and average of 2.23 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Samsara Inc. (IOT), translating to a mean rating of 2.10. Of 12 analyst(s) looking at the stock, 0 analyst(s) give IOT a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.05.

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Samsara Inc. (NYSE:IOT) trade information

After registering a -1.42% downside in the last session, Samsara Inc. (IOT) has traded red over the past five days. The stock hit a weekly high of 20.25 this Thursday, 03/16/23, dropping -1.42% in its intraday price action. The 5-day price performance for the stock is -3.85%, and 23.31% over 30 days. With these gigs, the year-to-date price performance is 56.64%. Short interest in Samsara Inc. (NYSE:IOT) saw shorts transact 7.66 million shares and set a 8.1 days time to cover.

Analysts on Wall Street suggest a consensus price target of $21.45, implying an increase of 9.23% to the stock’s current value. The extremes give us $17.00 and $29.00 for target low and target high price respectively. As such, IOT has been trading -48.95% off suggested target high and 12.69% from its likely low.

Samsara Inc. (IOT) estimates and forecasts

Looking at statistics comparing Samsara Inc. share performance against respective industry, we note that the company has outperformed competitors. Samsara Inc. (IOT) shares are 47.05% up over the last 6 months, with its year-to-date growth rate higher than industry average at 61.54% against 16.70%. The rating firms project that company’s revenue will grow 48.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 8 analysts is $171.67 million. Meanwhile, for the quarter ending Apr 2023, a total of 8 analyst(s) estimate revenue growth to $182.63 million.Earnings reports from the last fiscal year show that sales brought in $125.75 million and $142.65 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 36.50% before jumping 28.00% in the following quarter.

IOT Dividends

Samsara Inc. has its next earnings report out on March 02. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Samsara Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

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

Samsara Inc. insiders hold 3.11% of total outstanding shares, with institutional holders owning 72.73% of the shares at 75.07% float percentage. In total, 72.73% institutions holds shares in the company, led by General Catalyst Group Management, LLC. As of Sep 29, 2022, the company held over 47.43 million shares (or 37.63% of shares), all amounting to roughly $572.46 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 7.64 million shares, or about 6.06% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $92.18 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Samsara Inc. (IOT) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 2.43 million shares. This is just over 1.93% of the total shares, with a market valuation of $29.36 million. Data from the same date shows that the other fund manager holds a little less at 2.07 million, or 1.64% of the shares, all valued at about 24.99 million.

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