Baillie Gifford & Co. recently announced the acquisition of new stake in Samsara Inc. (NYSE:IOT). This fresh investment now brings its stake to 13.78% valued currently at $339.58 million. In addition, Morgan Stanley Investment Managem raised its holdings by 7.09 million to 13.86 million shares. And The Vanguard Group, Inc. has lifted its position by 16.66% or 1.26 million shares – to 8.82 million shares.
With over 1.39 million Samsara Inc. (IOT) shares trading Monday and a closing price of $20.25 on the day, the dollar volume was approximately $28.13 million. The shares have shown a positive half year performance of 112.93% and its price on 05/22/23 gained nearly 0.30%. Currently, there are 521.51M common shares owned by the public and among those 106.67M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for IOT have a consensus price objective of $21.58. The analysts have set the share’s price value over the next 12 months at a high of $29.00 and a low of $17.00. The average price target is 7.95% above its recent price level and a downside to the estimated low will see the stock lose -19.12% over that period. But an upside of 30.17% will see the stock hit the forecast high price target while median target price for the stock is $21.00.
Insiders at the company have transacted a total of 291 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 139 of these insider trades were purchases, accounting for 43,825,959 shares. Insider sales of the common stock occurred on 152 occasions, with total insider shares sold totaling 40,086,627 shares.
The top 3 mutual fund holders in Samsara Inc. are Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and Morgan Stanley Instl. Fund Tr. -. Vanguard Total Stock Market ETF owns 3.53 million shares of the company’s stock, all valued at over $63.7 million. The company bought an additional 0.65 million shares recently to bring their total holdings to about 2.59% of the shares outstanding. Vanguard Small Cap Index Fund bought 0.51 million shares to see its total holdings expand to 2.97 million shares valued at over $53.57 million and representing 2.17% of the shares outstanding. Morgan Stanley Instl. Fund Tr. – sold -0.22 million shares to bring its total holdings to over 1.7 million shares at a value of $30.61 million. Morgan Stanley Instl. Fund Tr. – now owns shares totaling to 1.24% of the shares outstanding.
Shares of Samsara Inc. (NYSE: IOT) opened at $20.21, up $0.02 from a prior closing price of $20.19. However, the script later moved the day high at 20.74, up 0.30%. The company’s stock has a 5-day price change of 0.00% and 24.92% over the past three months. IOT shares are trading 62.91% year to date (YTD), with the 12-month market performance up to 89.96% higher. It has a 12-month low price of $8.42 and touched a high of $22.59 over the same period. IOT has an average intraday trading volume of 3.46 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.13%, 4.54%, and 37.41% respectively.
Institutional ownership of Samsara Inc. (NYSE: IOT) shares accounts for 71.60% of the company’s 521.51M shares outstanding. Mutual fund holders own 24.82%, while other institutional holders and individual stakeholders account for 47.92% and 10.58% respectively.
It has a market capitalization of $10.86B. The earnings-per-share (ttm) stands at -$0.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.94% over the week and 4.63% over the month.
Analysts forecast that Samsara Inc. (IOT) will achieve an EPS of $VanEck Robotics ETF for the current quarter, $34.11 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Riot Platforms, Inc. while analysts give the company a high EPS estimate of $Samsara Inc. Comparatively, EPS for the current quarter was $ARB IOT Group Limited a year ago. Earnings per share for the fiscal year are expected to increase by 31.50%, and 100.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate Samsara Inc. (IOT) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 6 of the 13 advise that investors “hold,” and 0 rated it as a “Sell.”
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