Software infrastructure company Samsara Inc (NASDAQ:IOT) only went public in December 2021, and things weren’t pretty at first. IOT stock fell by 70% in its first few months on Wall Street.
Admittedly, that had more to do with surging inflation and rising interest rates than anything going on at the company.
Samsara stock has been trending higher since the company reported wonderful first-quarter results in early June. As of this writing, IOT stock is up by 15% over the last month and 75% over the last three months.
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