Baillie Gifford & Co. recently announced the acquisition of new stake in Samsara Inc (NYSE:IOT). The institutional investor has increased its shareholding in the Technology company by 5.45% to 22.59 million shares with purchase of 1.17 million shares. This fresh investment now brings its stake to 12.60% valued currently at $521.06 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.97 million to 14.29 million shares. And T. Rowe Price Associates, Inc. has lifted its position by 849.74% or 10.9 million shares – to 12.19 million shares.
With over 4.58 million Samsara Inc (IOT) shares trading Tuesday and a closing price of $34.18 on the day, the dollar volume was approximately $156.52 million. The shares have shown a positive half year performance of 12.77% and its price on 12/12/23 gained nearly 0.80%. Currently, there are 540.17M common shares owned by the public and among those 168.13M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Insiders at the company have transacted a total of 469 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 148 of these insider trades were purchases, accounting for 35,393,651 shares. Insider sales of the common stock occurred on 321 occasions, with total insider shares sold totaling 50,611,083 shares.
The top 3 mutual fund holders in Samsara Inc are T Rowe Price New Horizons Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. T Rowe Price New Horizons Fund owns 8.03 million shares of the company’s stock, all valued at over $185.16 million. The company bought an additional 8.03 million shares recently to bring their total holdings to about 4.48% of the shares outstanding. Vanguard Total Stock Market ETF bought 38506.0 shares to see its total holdings expand to 4.46 million shares valued at over $102.95 million and representing 2.49% of the shares outstanding. Vanguard Small Cap Index Fund bought 8088.0 shares to bring its total holdings to over 3.69 million shares at a value of $85.09 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.06% of the shares outstanding.
Shares of Samsara Inc (NYSE: IOT) opened at $33.76, down -$0.15 from a prior closing price of $33.91. However, the script later moved the day high at 35.18, up 0.80%. The company’s stock has a 5-day price change of -1.41% and 16.58% over the past three months. IOT shares are trading 174.98% year to date (YTD), with the 12-month market performance up to 161.92% higher. It has a 12-month low price of $10.48 and touched a high of $35.99 over the same period. IOT has an average intraday trading volume of 3.13 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 16.59%, 30.96%, and 41.78% respectively.
Institutional ownership of Samsara Inc (NYSE: IOT) shares accounts for 25.34% of the company’s 540.17M shares outstanding. Mutual fund holders own 34.09%, while other institutional holders and individual stakeholders account for 42.36% and 10.65% respectively.
It has a market capitalization of $18.46B and a beta (3y monthly) value of 1.53. The earnings-per-share (ttm) stands at -$0.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.27% over the week and 5.52% over the month.
Analysts forecast that Samsara Inc (IOT) will achieve an EPS of $0.03 for the current quarter, -$0.01 for the next quarter and $0.08 for 2025. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $0.03. Comparatively, EPS for the current quarter was -$0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 141.24%, and 73.76% 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 “Strong Buy” at a consensus score of 1.92. 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.”
Looking at the support for the IOT, a number of firms have released research notes about the stock. FBN Securities stated their Outperform rating for the stock in a research note on October 25, 2023, with the firm’s price target at $30.
