NYSE:IOT

Samsara (IOT) Stock Price, News & Analysis

$34.66
+0.95 (+2.82%)
(As of 04/24/2024 ET)
Today's Range
$33.59
$34.67
50-Day Range
$30.15
$39.41
52-Week Range
$16.63
$40.54
Volume
4.55 million shs
Average Volume
2.70 million shs
Market Capitalization
$19.08 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$32.60

Samsara MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
5.9% Downside
$32.60 Price Target
Short Interest
Bearish
6.60% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.63mentions of Samsara in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$55.16 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.40) to ($0.31) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.77 out of 5 stars

Computer And Technology Sector

534th out of 584 stocks

Computer Integrated Systems Design Industry

31st out of 33 stocks

IOT stock logo

About Samsara Stock (NYSE:IOT)

Samsara Inc. is a leading provider of industrial Internet of Things (IoT) solutions for fleet management, safety, and compliance. The company's mission is to increase the efficiency and security of its customers' operations through innovative IoT technology. Samsara's products and services include GPS tracking, ELD compliance, video telematics, and environmental monitoring. Its target market includes transportation, logistics, construction, and energy industries. Samsara is headquartered in San Francisco, California and has additional offices in Europe and Asia. The company has received several awards, including the Fast Company's "World's Most Innovative Companies" in 2020.

Samsara's management team is led by Chief Executive Officer and co-founder Sanjit Biswas, who has over 15 years of experience in wireless networking and IoT technology. The executive team includes Chief Technology Officer and co-founder John Bicket, Chief Financial Officer Dominic Philips, and Chief Operating Officer Kiren Sekar. The management team has a strong track record of success, with prior experience at companies such as Google and Cisco.

Samsara has experienced strong revenue growth in recent years, with revenues up yearly over the past several years. The company's net losses have also been decreasing annually. Samsara's gross profit margin has been improving, currently around 45%. The company's balance sheet took a hit in 2022 when the company reported negative cash flow for the first time. 

Samsara's stock trades at a price-to-sales ratio much higher than industry peers. The price-to-earnings ratio is negative due to its current net loss. 

Samsara's stock has been volatile over the recent past, reaching as high as $28 in Q1 2022 and hitting a low of $9 in Q4 2022. The company's stock price has been impacted by a variety of factors, including broader market trends, changes in investor sentiment, and news related to the company's financial performance.

The IoT solutions market for fleet management, safety, and compliance is highly competitive, with several established players such as Verizon Connect, Geotab, and Omnitracs. However, Samsara has a competitive advantage in offering a comprehensive suite of solutions that includes hardware, software, and services. The company has also differentiated itself by investing heavily in research and development to improve the performance and reliability of its products. One potential risk for the industry is increased regulation related to data privacy and security.

Samsara has several growth opportunities, including expanding into new verticals such as healthcare and education. The company has also recently launched several new products, such as its AI-powered routing solution, which can increase efficiency and reduce customer costs. Samsara has also expanded its global presence with new offices in Europe and Asia.

One potential challenge for Samsara is increased competition in the IoT solutions market. The company will need to continue investing in research and development to stay ahead of its competitors. Another potential risk is increased regulation related to data privacy and security. Samsara must stay abreast of regulatory changes and ensure its products and services remain compliant. Finally, any global economic downturn could impact the company's revenue growth.

Despite the potential risks and challenges, Samsara has several strategies to mitigate these factors. The company has a solid and experienced management team with a proven track record of success, which helps to instill investor confidence. Additionally, the company has a diversified product and service offering, reducing its dependence on any market or customer.

Another factor that could mitigate potential risks and challenges is Samsara's focus on innovation and technology. The company continuously invests in research and development to improve its products and services, which could give it a competitive advantage in the long run.

Samsara has had a good financial position, which should sustain it through any short-term challenges. In 2022 the company reported cash on hand changing from positive $510 million to negative $710 million, a one-year difference of $1.2 billion. This lack of financial flexibility restricts the company's ability to invest in growth opportunities or make strategic acquisitions.

In terms of growth opportunities, Samsara has several avenues for expansion. The company has successfully penetrated the transportation and logistics market, and there is still significant room for growth. Additionally, Samsara has recently launched new products and services, such as its AI Dash Cam and Safety, which could help it expand into new markets.

Samsara has a solid competitive position in the industry. The company has established itself as a leader in IoT technology, with a comprehensive product and service offering covering various sectors. Samsara's ability to provide end-to-end solutions for its customers sets it apart from many competitors and gives it a significant competitive advantage.

IOT Stock Price History

IOT Stock News Headlines

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Company Calendar

Last Earnings
3/07/2024
Today
4/25/2024
Next Earnings (Estimated)
6/06/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
N/A
Fax
N/A
Employees
2,895
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$32.60
High Stock Price Target
$42.00
Low Stock Price Target
$27.00
Potential Upside/Downside
-5.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$-286,730,000.00
Pretax Margin
-30.23%

Debt

Sales & Book Value

Annual Sales
$937.39 million
Book Value
$1.68 per share

Miscellaneous

Free Float
186,407,000
Market Cap
$19.08 billion
Optionable
Not Optionable
Beta
1.56
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IOT Stock Analysis - Frequently Asked Questions

Should I buy or sell Samsara stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Samsara in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IOT shares.
View IOT analyst ratings
or view top-rated stocks.

What is Samsara's stock price target for 2024?

9 equities research analysts have issued 1 year price objectives for Samsara's shares. Their IOT share price targets range from $27.00 to $42.00. On average, they expect the company's share price to reach $32.60 in the next year. This suggests that the stock has a possible downside of 5.9%.
View analysts price targets for IOT
or view top-rated stocks among Wall Street analysts.

How have IOT shares performed in 2024?

Samsara's stock was trading at $33.38 at the start of the year. Since then, IOT shares have increased by 3.8% and is now trading at $34.66.
View the best growth stocks for 2024 here
.

When is Samsara's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our IOT earnings forecast
.

How were Samsara's earnings last quarter?

Samsara Inc. (NYSE:IOT) posted its earnings results on Thursday, March, 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). The business had revenue of $276.27 million for the quarter, compared to analysts' expectations of $258.56 million. Samsara had a negative trailing twelve-month return on equity of 22.90% and a negative net margin of 30.59%.

What guidance has Samsara issued on next quarter's earnings?

Samsara issued an update on its first quarter 2025 earnings guidance on Thursday, March, 7th. The company provided EPS guidance of 0.000-0.010 for the period, compared to the consensus earnings per share estimate of -0.010. The company issued revenue guidance of $271.0 million-$273.0 million, compared to the consensus revenue estimate of $266.8 million.

When did Samsara IPO?

Samsara (IOT) raised $752 million in an IPO on Wednesday, December 15th 2021. The company issued 35,000,000 shares at $20.00-$23.00 per share.

Who are Samsara's major shareholders?

Samsara's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.07%), Westwind Capital (0.05%), IMC Chicago LLC (0.00%), Contravisory Investment Management Inc. (0.04%), Raymond James & Associates (0.02%) and Catalyst Private Wealth LLC (0.02%). Insiders that own company stock include Adam Eltoukhy, Benjamin Calderon, Dominic Phillips, Hemant Taneja, Horowitz Lsv Fund I Andreessen, James Andrew Munk, John Bicket, Jonathan Chadwick, Jonathan Chadwick, Kiren Sekar, Lara Caimi, Marc L Andreessen, Sanjit Biswas and Susan L Bostrom.
View institutional ownership trends
.

How do I buy shares of Samsara?

Shares of IOT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:IOT) was last updated on 4/25/2024 by MarketBeat.com Staff

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