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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
New AI Stock Payouts (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
New AI Stock Payouts (Ad)
Is New IPO Instacart Already Hitting Speed Bumps?
Prospect Capital Corporation: A Gold Nugget or Value Trap?
New AI Stock Payouts (Ad)
52-week Low Names To Tip The Upside Scale In Your Favor
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
New AI Stock Payouts (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
New AI Stock Payouts (Ad)
Is New IPO Instacart Already Hitting Speed Bumps?
Prospect Capital Corporation: A Gold Nugget or Value Trap?
New AI Stock Payouts (Ad)
52-week Low Names To Tip The Upside Scale In Your Favor
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
New AI Stock Payouts (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
New AI Stock Payouts (Ad)
Is New IPO Instacart Already Hitting Speed Bumps?
Prospect Capital Corporation: A Gold Nugget or Value Trap?
New AI Stock Payouts (Ad)
52-week Low Names To Tip The Upside Scale In Your Favor
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
NYSE:IOT

Samsara (IOT) Stock Forecast, Price & News

$23.16
-0.39 (-1.66%)
(As of 09/22/2023 ET)
Compare
Today's Range
$23.04
$23.84
50-Day Range
$22.84
$31.84
52-Week Range
$8.42
$32.41
Volume
3.73 million shs
Average Volume
4.12 million shs
Market Capitalization
$12.39 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$25.33

Samsara MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
9.4% Upside
$25.33 Price Target
Short Interest
Healthy
7.93% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.04mentions of Samsara in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$67.55 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.41) to ($0.38) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.48 out of 5 stars

Computer And Technology Sector

475th out of 588 stocks

Computer Integrated Systems Design Industry

23rd out of 30 stocks


IOT stock logo

About Samsara (NYSE:IOT) Stock

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 Price History

IOT Stock News Headlines

3 Hot Software Stocks Breaking Out to New Highs (IOT)
In a year where the S&P North America Technology Software Index is up more than 40% year-to-date, these three software stocks are climbing to new highs.
Samsara Target of Unusually Large Options Trading (NYSE:IOT)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Why Samsara Stock Nose-Dived This Week
Samsara (NYSE:IOT) Shares Gap Down After Insider Selling
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Sanjit Biswas Sells 140,364 Shares of Samsara Inc. (NYSE:IOT) Stock
John Bicket Sells 90,295 Shares of Samsara Inc. (NYSE:IOT) Stock
Samsara Inc. (NYSE:IOT) CEO Sells $2,737,104.00 in Stock
Samsara (NYSE:IOT) Shares Gap Down on Insider Selling
Looking At Samsara's Recent Unusual Options Activity
Samsara CEO sells shares worth $2.74 million
RBC Capital Reaffirms Their Buy Rating on Samsara (IOT)
Samsara (NYSE:IOT) Stock Price Down 3.7% on Insider Selling
Samsara Inc Ordinary Shares - Class A
Samsara Named as One of the UK's Best Workplaces in Tech
Samsara: Hidden Value In Plain Sight
See More Headlines
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IOT Company Calendar

Today
9/23/2023
Next Earnings (Estimated)
12/07/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
N/A
Fax
N/A
Employees
2,266
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$25.33
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+9.4%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$-247,420,000.00
Pretax Margin
-30.23%

Debt

Sales & Book Value

Annual Sales
$652.54 million
Book Value
$1.75 per share

Miscellaneous

Free Float
181,135,000
Market Cap
$12.39 billion
Optionable
Not Optionable
Beta
1.39
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Key Executives

  • Mr. Sanjit BiswasMr. Sanjit Biswas (Age 41)
    Co-Founder, CEO & Chairman
    Comp: $101.24k
  • Mr. John BicketMr. John Bicket (Age 43)
    Co-Founder, Exec. VP, CTO & Director
    Comp: $105k
  • Mr. Dominic PhillipsMr. Dominic Phillips (Age 41)
    Exec. VP & CFO
    Comp: $704.7k
  • Mr. Adam EltoukhyMr. Adam Eltoukhy (Age 39)
    Exec. VP, Chief Legal Officer & Corp. Sec.
    Comp: $483.66k
  • Mr. Andy McCall (Age 49)
    Sr. Advisor to the CEO
    Comp: $787.48k
  • Mr. J. Andrew MunkMr. J. Andrew Munk (Age 59)
    Chief Accounting Officer & Principal Accounting Officer
  • Mr. Stephen Franchetti
    Chief Information Officer
  • Mr. Mike Chang
    VP of Corp. Devel. & Investor Relations
  • Ms. Sarah Patterson
    Chief Marketing Officer
  • Mr. Steve Pickle
    Chief People Officer













IOT Stock - Frequently Asked Questions

Should I buy or sell Samsara stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Samsara in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" IOT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IOT, but not buy additional shares or sell existing shares.
View IOT analyst ratings
or view top-rated stocks.

What is Samsara's stock price forecast for 2023?

8 brokerages have issued 1-year price targets for Samsara's shares. Their IOT share price forecasts range from $15.00 to $34.00. On average, they expect the company's stock price to reach $25.33 in the next twelve months. This suggests a possible upside of 9.4% from the stock's current price.
View analysts price targets for IOT
or view top-rated stocks among Wall Street analysts.

How have IOT shares performed in 2023?

Samsara's stock was trading at $12.43 at the beginning of 2023. Since then, IOT shares have increased by 86.3% and is now trading at $23.16.
View the best growth stocks for 2023 here
.

Are investors shorting Samsara?

Samsara saw a increase in short interest in August. As of August 15th, there was short interest totaling 12,260,000 shares, an increase of 7.0% from the July 31st total of 11,460,000 shares. Based on an average daily volume of 3,510,000 shares, the short-interest ratio is presently 3.5 days. Currently, 8.4% of the company's stock are short sold.
View Samsara's Short Interest
.

When is Samsara's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our IOT earnings forecast
.

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

Samsara issued an update on its third quarter 2024 earnings guidance on Friday, September, 1st. The company provided EPS guidance of 0-$0.01 for the period, compared to the consensus EPS estimate of 0. The company issued revenue guidance of $223.00 million-$225.00 million, compared to the consensus revenue estimate of $220.38 million.

When did Samsara IPO?

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

What is Samsara's stock symbol?

Samsara trades on the New York Stock Exchange (NYSE) under the ticker symbol "IOT."

Who are Samsara's major shareholders?

Samsara's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (8.58%), Baillie Gifford & Co. (4.05%), BlackRock Inc. (0.63%), 1832 Asset Management L.P. (0.63%), Renaissance Technologies LLC (0.41%) and Whale Rock Capital Management LLC (0.36%). Insiders that own company stock include Adam Eltoukhy, Benjamin Calderon, Dominic Phillips, Hemant Taneja, James Andrew Munk, John Bicket, Jonathan Chadwick, Jonathan Chadwick, Kiren Sekar, Marc L Andreessen and Sanjit Biswas.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Samsara's stock price today?

One share of IOT stock can currently be purchased for approximately $23.16.

How much money does Samsara make?

Samsara (NYSE:IOT) has a market capitalization of $12.39 billion and generates $652.54 million in revenue each year. The company earns $-247,420,000.00 in net income (profit) each year or ($0.45) on an earnings per share basis.

How many employees does Samsara have?

The company employs 2,266 workers across the globe.

How can I contact Samsara?

The official website for the company is www.samsara.com. The company can be reached via phone at 415-985-2400 or via email at ir@samsara.com.

This page (NYSE:IOT) was last updated on 9/23/2023 by MarketBeat.com Staff

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