Baillie Gifford & Co. has recently announced that it has increased stake in Samsara Inc (NYSE:IOT) by 13.85%. After grabbing 21.42 million shares, the institutional investor is now in possession of 2.61 million shares of the Technology Company. The new investment brought the stake of investor firm to 11.95% having worth around $539.98 million. Moreover, The Vanguard Group, Inc. increased its share by 2.82 million to have a control over 13.32 million shares. And Fidelity Management & Research Co raised its holdings to 3.4 million shares by acquiring 6.23 million shares or 3.47% of the stake.
Samsara Inc (IOT) concluded trading on 11/15/23 at a closing price of $26.63, with 3.67 million shares of worth about $97.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.48% during that period and on Wednesday the price saw a gain of about 1.25%. Currently the company’s common shares owned by public are about 534.92M shares, out of which, 155.59M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 13 analysts are covering the IOT stock and their offered price forecasts bring an average price target of $29.83. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $34.00 and could fall to a lowest price of $25.00. The stock’s current price level is 10.73% above of average price target set by the analysts, while a rise to estimated low would result in loss of -6.52% for the stock. However, touching the estimated high of $34.00 would mean a gain of 21.68% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 448 times over the past 12 months. They bought 56,322,561 shares in 152 of the transactions. In 296 selling transactions, insiders dumped 31,169,651 shares.
T Rowe Price New Horizons Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Samsara Inc T Rowe Price New Horizons Fund is currently holding 8.03 million shares of worth totaling $202.34 million. The company recently came buying 8.03 million shares which brought its stake up to 4.48% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 43582.0 shares, after which its hold over company’s outstanding shares expand to 2.47%, leaving 4.42 million shares with the mutual fund that have a worth of about $111.53 million. Vanguard Small Cap Index Fund, after buying 3.68 million shares, have now control over 2.05% of the stake in the company. It holds 33370.0 shares of worth $92.78 million.
Samsara Inc (NYSE: IOT) started trading at $26.43, above $0.13 from concluding price of the previous day. However, the stock later moved at a day high price of 27.95, or with a gain of 1.25%. Stock saw a price change of 7.38% in past 5 days and over the past one month there was a price change of 6.95%. Year-to-date (YTD), IOT shares are showing a performance of 114.24% which increased to 162.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.86 but also hit the highest price of $32.41 during that period. The average intraday trading volume for Samsara Inc shares is 2.89 million. The stock is currently trading 13.18% above its 20-day simple moving average (SMA20), while that difference is up 5.85% for SMA50 and it goes to 16.74% higher than SMA200.
Baillie Gifford & Co. acquired 21.42 million shares of Samsara Inc having value of about $539.98 million. Data submitted at the U.S SEC by Baillie Gifford & Co. revealed that the firm now holds 2.61 million shares in the company valued at close to $69401428.31, or have control over 13.85% stake in the company. Samsara Inc (NYSE: IOT) currently have 534.92M outstanding shares and institutions hold larger chunk of about 26.42% of that. Holding of mutual funds in the company is about 27.22% while other institutional holders and individual stake holders have control over 41.95% and 11.11% of the stake respectively.
The stock has a current market capitalization of $14.24B and its 3Y-monthly beta is at 1.46. It has posted earnings per share of -$0.46 in the same period. It has Quick Ratio of 1.80 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IOT, volatility over the week remained 5.56% while standing at 5.58% over the month.
Analysts are in expectations that Samsara Inc (IOT) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.02 and it is $0.07 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 113.08% while it is estimated to increase by 372.71% in next year.
Analysts at 13 brokerage firms have issued recommendations for the Samsara Inc (IOT)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.92. Out of those 13 Wall Street analysts, 7 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by FBN Securities on October 25, 2023 offering an Outperform rating for the stock and assigned a target price of $30 to it.
