Samsara Inc [NYSE: IOT] jumped around 4.8 points on Firday, while shares priced at $39.16 at the close of the session, up 13.97%. The company report on March 7, 2024 at 4:15 PM that Samsara Elevates Data Security and Privacy Standards with New Certification Achievements.
Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced new enhancements that strengthen its commitment to data security and privacy. Samsara achieved four industry-leading ISO certifications: ISO 27001, ISO 27017, ISO 27018, and ISO 27701. The company also incorporated the Trust Services Criteria (TSC) of confidentiality into its SOC 2 scope to complement its existing TSCs of security and availability. These results build upon Samsara’s strong foundation of customer data protection and its dedication to data security and privacy management.
“Customers at the heart of the global economy rely on Samsara to power their critical operations. These certifications are not just badges of honor; they’re a testament to our relentless pursuit of safeguarding customer data against evolving threats,” said Dave Bossio, Chief Information Security Officer at Samsara. “By integrating the Trust Services Criteria into our SOC 2 scope and achieving these ISO certifications, we are sending a clear message: Samsara is dedicated to operating securely, reliably, and transparently.”.
Compared to the average trading volume of 3.47M shares, IOT reached a trading volume of 17507822 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 $40.82 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 1.93. 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.
FBN Securities have made an estimate for Samsara Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 25, 2023. While these analysts kept the previous recommendation, Truist raised their target price to Hold. The new note on the price target was released on April 21, 2023, representing the official price target for Samsara Inc stock. Previously, the target price had yet another raise from $18 to $19, while Morgan Stanley kept a Equal-Weight rating on IOT stock.
The Average True Range (ATR) for Samsara Inc is set at 2.02, with the Price to Sales ratio for IOT stock in the period of the last 12 months amounting to 22.57. The Price to Book ratio for the last quarter was 22.24, with the Price to Cash per share for the same quarter was set at 1.01.
How has IOT stock performed recently?
Samsara Inc [IOT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.92. With this latest performance, IOT shares gained by 20.83% in over the last four-week period, additionally plugging by 26.69% over the last 6 months – not to mention a rise of 85.59% in the past year of trading.
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 66.40, with the RSI for the last a single of trading hit 70.93, and the three-weeks RSI is set at 63.52 for Samsara Inc [IOT]. The present Moving Average for the last 50 days of trading for this stock 32.99, while it was recorded at 35.11 for the last single week of trading, and 28.29 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 1.29 and a Current Ratio set at 1.32.
Earnings analysis for Samsara Inc [IOT]
With the latest financial reports released by the company, Samsara Inc posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 60.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IOT.
Insider trade positions for Samsara Inc [IOT]
The top three institutional holders of IOT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in IOT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in IOT stock with ownership which is approximately 5.8325%.
