Samsara (IOT): New Buy Recommendation for This Technology Giant
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Rangan covers the Technology sector, focusing on stocks such as Microsoft, ServiceNow, and Snowflake. According to TipRanks, Rangan has an average return of 8.9% and a 56.99% success rate on recommended stocks.
In addition to Goldman Sachs, Samsara also received a Buy from William Blair's Dylan Becker in a report issued today. However, on the same day, Raymond James reiterated a Hold rating on Samsara (NYSE: IOT).
The company has a one-year high of $61.90 and a one-year low of $29.86. Currently, Samsara has an average volume of 4.95M.
Based on the recent corporate insider activity of 246 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IOT in relation to earlier this year. Earlier this month, Dominic Phillips, the EVP, CFO of IOT sold 47,334.00 shares for a total of $1,855,492.80.
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(NYSE:RDDT) Class Period: October 29, 2024 and May 20, 2025 Lead Plaintiff Deadline: August 18, 2025 The complaint alleges that the social media website Reddit receives a significant portion of its user traffic from Google Search, and Reddit's primary source of revenue is generated from advertising to users on its own platform. Throughout the relevant period, Google Search began implementing new Artificial Intelligence ('AI') capabilities such as AI Overview that could change the nature of search results. 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On May 1, 2025, after the market close, Reddit issued an earnings release announcing its first quarter 2024 financial results for the period ending March 31, 2025. The earnings release revealed that Reddit had experienced three consecutive quarters of deceleration in daily active user growth. On this news, the price of Reddit's common stock fell $4.96 per share, or 4.2%, from a closing price of $118.79 per share on May 1, 2025, to a closing price of $113.83 per share on May 2, 2025. Then, on May 19, 2025, Wells Fargo analysts downgraded Reddit's stock and lowered their price target to $115 per share from a previous $168 per share. Wells Fargo called Google Search's implementation of new AI features as likely 'permanent' disruptions on user traffic for Reddit. On this news, the price of Reddit's common stock fell $5.24 per share, or 4.6%, from a closing price of $113.23 per share on May 16, 2025, to a closing price of $107.99 per share on May 19, 2025. 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For more information about the firm, please visit . Attorney advertising. Prior results do not guarantee similar outcomes. Contact Information: Bragar Eagel & Squire, Walker, Esq. Marion Passmore, Esq.(212) 355-4648 [email protected]
