How Should Investors View Samsara Inc. (IOT) Insider Trading?


As of Wednesday close, Samsara Inc.’s (NYSE:IOT) stock was up $0.22, moving up 1.50 percent to $14.87. The average number of shares traded per day over the past five days has been 1,216,880 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.77 fall in that time frame. In the last twenty days, the average volume was 1,082,295, while in the previous 50 days, it was 1,249,140.

Since last month, IOT stock retreated -0.87%. Shares of the company fell to $14.06 on 08/01/22, the lowest level in the past month. Since the beginning of this year, IOT’s stock price has dropped by -47.10% or -$13.24, and marked a new high 1 time. However, the stock has declined by -52.66% since its 52-week high.

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Samsara Inc. (IOT) last reported insider trading activity 56 days ago on Jul 07. Calderon Benjamin, the of the company, disposed of 39,715 shares for $14.01 on Jul 07. It resulted in a $556,447 divestment by the insider. Sekar Kiren sold 70,062 shares at an average price of $10.99 on Jun 15. The insider now owns 264,045 shares following the transaction. On Jun 15, Phillips Dominic sold 95,219 shares at $10.99 apiece. The transaction was valued at $1,046,600.

Financial Health

In the three months ended April 29, Samsara Inc.’s quick ratio stood at 2.90, while its current ratio was 3.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 71.30% percent. In the year ended April 29, operating margins totaled -79.80%. Based on annual data, IOT earned $303.86 million in gross profit and brought in $428.35 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. IOT’s revenue rose 100.0% during the quarter, while net income inched up to $142.65 million. While analysts expected Samsara Inc. to report -$0.08 quarterly earnings, the actual figure was -$0.05 per share, beating the consensus estimate by 37.50%. During the quarter, the company generated -$67.84 million in EBITDA. The liabilities of Samsara Inc. were 582.54 million at the end of its most recent quarter ended April 29, and its total debt was $139.16 million. The value of shareholders’ equity is $509.2 million.

Technical Picture

This quick technical analysis looks at Samsara Inc.’s (IOT) price momentum. With a historical volatility rate of 56.11%, the RSI 9-day stood at 42.09% on 31 August.

With respect to its five-day moving average, the current Samsara Inc. price is down by -4.92% percent or -$0.77. At present, IOT shares trade -4.56% below its 20-day simple moving average and +3.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately +19.92% above its SMA50.

Stochastic coefficient K was 13.40% and Stochastic coefficient D was 13.25%, while ATR was 0.91. Given the Stochastic reading of 23.17% for the 14-day period, the RSI (14) reading has been calculated as 46.53%. As of today, the MACD Oscillator reading stands at -0.65, while the 14-day reading stands at -1.17.

Analyst Ratings

Samsara Inc. downgraded its rating on Samsara Inc. (NYSE: IOT) to a Neutral in a note to investors on June 27, 2022. The analysts firm previously had a Buy rating on the stock.Samsara Inc. (IOT) has been rated Buy by analysts. According to 0 brokerage firms, IOT is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Samsara Inc. stock as buy, with 7 recommending it as overweight.

With a median target price of $19.00, the current consensus forecast for the stock is $15.00 – $21.00. Based on these forecasts, analysts predict Samsara Inc. (IOT) will achieve an average price target of $18.38.


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