In the latest trading session, 0.56 million Samsara Inc (NYSE:IOT) shares changed hands as the company’s beta touched 1.70. With the company’s most recent per share price at $37.22 changed hands at -$1.74 or -4.47% at last look, the market valuation stands at $20.89B. IOT’s current price is a discount, trading about -66.31% off its 52-week high of $61.90. The share price had its 52-week low at $27.14, which suggests the last value was 27.08% up since then. When we look at Samsara Inc’s average trading volume, we note the 10-day average is 7.1 million shares, with the 3-month average coming to 3.75 million.
Analysts gave the Samsara Inc (IOT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.90. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended IOT as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Samsara Inc’s EPS for the current quarter is expected to be 0.06.
Samsara Inc (NYSE:IOT) trade information
Instantly IOT was in red as seen in intraday trades today. With action 3.67%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -14.81%, with the 5-day performance at 3.67% in the green. However, in the 30-day time frame, Samsara Inc (NYSE:IOT) is -36.88% down. Looking at the short shares, we see there were 10.46 million shares sold at short interest cover period of 3.09 days.
The consensus price target for the stock as assigned by Wall Street analysts is 51, meaning bulls need an upside of 27.02% from its recent market value. According to analyst projections, IOT’s forecast low is 42 with 63 as the target high. To hit the forecast high, the stock’s price needs a -69.26% plunge from its current level, while the stock would need to soar -12.84% for it to hit the projected low.
Samsara Inc (IOT) estimates and forecasts
Year-over-year growth is forecast to reach 22.66% up from the last financial year.
Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of 351.56M. 16 analysts are of the opinion that Samsara Inc’s revenue for the current quarter will be 369.36M. The company’s revenue for the corresponding quarters a year ago was 280.73M and 300.2M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 25.23%. The estimates for the next quarter sales put growth at 23.04%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.16%. The 2025 estimates are for Samsara Inc earnings to increase by 28.41%, but the outlook for the next 5-year period is at 34.08% per year.
Samsara Inc (NYSE:IOT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.62% of Samsara Inc shares while 90.68% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.09%. There are 90.68% institutions holding the Samsara Inc stock share, with BAILLIE GIFFORD & CO the top institutional holder. As of 2024-06-30, the company held 4.9526% of the shares, roughly 27.43 million IOT shares worth $924.5 million.
GENERAL CATALYST GROUP MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 4.7475% or 26.3 million shares worth $886.21 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund. With 7.07 shares estimated at $264.26 million under it, the former controlled 2.62% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.35% of the shares, roughly 6.33 shares worth around $236.81 million.
