Samsara Inc. [IOT] fell -66.42% so far this year. What now?

Samsara Inc. [NYSE: IOT] traded at a high on 11/10/22, posting a 8.51 gain after which it closed the day’ session at $9.44. The company report on November 3, 2022 that Samsara to Announce Third Quarter Fiscal 2023 Financial Results on December 1, 2022.

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Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations Cloud, today announced that it will release its financial results for the third quarter of fiscal year 2023, which ended October 29, 2022, after the U.S. market closes on Thursday, December 1, 2022. Samsara will host a live webcast that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results.

Event: Samsara’s Third Quarter Fiscal Year 2023 Financial ResultsDate: Thursday, December 1, 2022Time: 2:00 p.m. Pacific time (5:00 p.m. Eastern time)Webcast: Registration.

The results of the trading session contributed to over 4218416 shares changing hands. Over the past one week, the price volatility of Samsara Inc. stands at 8.63% while the volatility over the past one month is 6.81%.

The market cap for IOT stock reached $5.05 billion, with 511.76 million shares outstanding and 106.83 million shares in the current float. Compared to the average trading volume of 1.33M shares, IOT reached a trading volume of 4218416 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Samsara Inc. [IOT]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IOT shares is $21.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IOT stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

MoffettNathanson have made an estimate for Samsara Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 22, 2022. While these analysts kept the previous recommendation, Goldman dropped their target price from $27 to $16. The new note on the price target was released on June 27, 2022, representing the official price target for Samsara Inc. stock. Previously, the target price had yet another raise to $35, while Wolfe Research analysts kept a Outperform rating on IOT stock.

The Average True Range (ATR) for Samsara Inc. is set at 0.78, with the Price to Sales ratio for IOT stock in the period of the last 12 months amounting to 9.42. The Price to Book ratio for the last quarter was 5.08, with the Price to Cash per share for the same quarter was set at 1.54.

How has IOT stock performed recently?

Samsara Inc. [IOT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.63. With this latest performance, IOT shares dropped by -19.11% in over the last four-week period, additionally sinking by -5.98% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IOT stock in for the last two-week period is set at 34.93, with the RSI for the last a single of trading hit 33.91, and the three-weeks RSI is set at 36.64 for Samsara Inc. [IOT]. The present Moving Average for the last 50 days of trading for this stock 11.90, while it was recorded at 9.28 for the last single week of trading, and 13.97 for the last 200 days.

Samsara Inc. [IOT]: Deeper insight into the fundamentals

Samsara Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 3.00.

Insider trade positions for Samsara Inc. [IOT]

There are presently around $1,207 million, or 72.90% of IOT stock, in the hands of institutional investors. The top three institutional holders of IOT stocks are: GENERAL CATALYST GROUP MANAGEMENT, LLC with ownership of 47,428,587, which is approximately 0% of the company’s market cap and around 4.10% of the total institutional ownership; WARBURG PINCUS LLC, holding 7,080,641 shares of the stock with an approximate value of $66.84 million in IOT stocks shares; and POINTSTATE CAPITAL LP, currently with $49.84 million in IOT stock with ownership of nearly 18.115% of the company’s market capitalization.

83 institutional holders increased their position in Samsara Inc. [NYSE:IOT] by around 30,846,665 shares. Additionally, 36 investors decreased positions by around 7,404,149 shares, while 11 investors held positions by with 89,589,490 shares. The mentioned changes placed institutional holdings at 127,840,304 shares, according to the latest SEC report filing. IOT stock had 46 new institutional investments in for a total of 19,142,388 shares, while 14 institutional investors sold positions of 4,192,724 shares during the same period.


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