S&P 500   4,550.58 (-0.09%)
DOW   35,430.42 (+0.04%)
QQQ   389.81 (-0.10%)
AAPL   189.37 (-0.54%)
MSFT   378.85 (-1.01%)
META   332.20 (-2.00%)
GOOGL   134.99 (-1.61%)
AMZN   146.32 (-0.48%)
TSLA   244.14 (-1.05%)
NVDA   481.40 (+0.67%)
NIO   7.18 (-0.42%)
BABA   74.67 (-2.70%)
AMD   123.85 (+1.51%)
T   16.30 (+0.74%)
F   10.59 (+2.12%)
MU   76.69 (+0.75%)
CGC   0.56 (+3.57%)
GE   118.86 (+0.01%)
DIS   92.50 (+0.00%)
AMC   7.17 (+7.01%)
PFE   30.08 (+1.31%)
PYPL   57.97 (-0.86%)
XOM   102.34 (-1.50%)
S&P 500   4,550.58 (-0.09%)
DOW   35,430.42 (+0.04%)
QQQ   389.81 (-0.10%)
AAPL   189.37 (-0.54%)
MSFT   378.85 (-1.01%)
META   332.20 (-2.00%)
GOOGL   134.99 (-1.61%)
AMZN   146.32 (-0.48%)
TSLA   244.14 (-1.05%)
NVDA   481.40 (+0.67%)
NIO   7.18 (-0.42%)
BABA   74.67 (-2.70%)
AMD   123.85 (+1.51%)
T   16.30 (+0.74%)
F   10.59 (+2.12%)
MU   76.69 (+0.75%)
CGC   0.56 (+3.57%)
GE   118.86 (+0.01%)
DIS   92.50 (+0.00%)
AMC   7.17 (+7.01%)
PFE   30.08 (+1.31%)
PYPL   57.97 (-0.86%)
XOM   102.34 (-1.50%)
S&P 500   4,550.58 (-0.09%)
DOW   35,430.42 (+0.04%)
QQQ   389.81 (-0.10%)
AAPL   189.37 (-0.54%)
MSFT   378.85 (-1.01%)
META   332.20 (-2.00%)
GOOGL   134.99 (-1.61%)
AMZN   146.32 (-0.48%)
TSLA   244.14 (-1.05%)
NVDA   481.40 (+0.67%)
NIO   7.18 (-0.42%)
BABA   74.67 (-2.70%)
AMD   123.85 (+1.51%)
T   16.30 (+0.74%)
F   10.59 (+2.12%)
MU   76.69 (+0.75%)
CGC   0.56 (+3.57%)
GE   118.86 (+0.01%)
DIS   92.50 (+0.00%)
AMC   7.17 (+7.01%)
PFE   30.08 (+1.31%)
PYPL   57.97 (-0.86%)
XOM   102.34 (-1.50%)
S&P 500   4,550.58 (-0.09%)
DOW   35,430.42 (+0.04%)
QQQ   389.81 (-0.10%)
AAPL   189.37 (-0.54%)
MSFT   378.85 (-1.01%)
META   332.20 (-2.00%)
GOOGL   134.99 (-1.61%)
AMZN   146.32 (-0.48%)
TSLA   244.14 (-1.05%)
NVDA   481.40 (+0.67%)
NIO   7.18 (-0.42%)
BABA   74.67 (-2.70%)
AMD   123.85 (+1.51%)
T   16.30 (+0.74%)
F   10.59 (+2.12%)
MU   76.69 (+0.75%)
CGC   0.56 (+3.57%)
GE   118.86 (+0.01%)
DIS   92.50 (+0.00%)
AMC   7.17 (+7.01%)
PFE   30.08 (+1.31%)
PYPL   57.97 (-0.86%)
XOM   102.34 (-1.50%)

Samsara Stock Price, News & Analysis (NYSE:IOT)

$28.14
+1.26 (+4.69%)
(As of 04:10 PM ET)
Compare
Today's Range
$27.32
$28.71
50-Day Range
$22.14
$27.27
52-Week Range
$8.86
$32.41
Volume
3.80 million shs
Average Volume
2.98 million shs
Market Capitalization
$15.05 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$25.80

Samsara MarketRank™ Stock Analysis

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
9.1% Downside
$25.80 Price Target
Short Interest
Healthy
9.28% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.06mentions of Samsara in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$68.80 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.

1.90 out of 5 stars

Computer And Technology Sector

449th out of 597 stocks

Computer Integrated Systems Design Industry

23rd out of 35 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

Samsara Inc. (NYSE:IOT) Insider Sells $2,064,048.20 in Stock
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Samsara Inc. (NYSE:IOT) CEO Sanjit Biswas Sells 78,420 Shares
Samsara (IOT) Set to Announce Quarterly Earnings on Thursday
Samsara Joins Road Safety Charity Brake
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Why Samsara Stock Nose-Dived This Week
See More Headlines
Receive IOT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Samsara and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
8/31/2023
Today
11/29/2023
Next Earnings (Confirmed)
11/30/2023
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 Target
$25.80
High Stock Price Target
$34.00
Low Stock Price Target
$15.00
Potential Upside/Downside
-4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

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

Debt

Sales & Book Value

Annual Sales
$652.54 million
Book Value
$1.79 per share

Miscellaneous

Free Float
181,135,000
Market Cap
$14.38 billion
Optionable
Not Optionable
Beta
1.43
Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report














IOT Stock Analysis - Frequently Asked Questions

Should I buy or sell Samsara stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Samsara in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

9 Wall Street research analysts have issued 12-month price targets for Samsara's shares. Their IOT share price targets range from $15.00 to $34.00. On average, they predict the company's share price to reach $25.80 in the next twelve months. This suggests that the stock has a possible downside of 8.2%.
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 the year. Since then, IOT shares have increased by 126.1% and is now trading at $28.11.
View the best growth stocks for 2023 here
.

Are investors shorting Samsara?

Samsara saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 14,530,000 shares, a drop of 9.9% from the October 31st total of 16,130,000 shares. Based on an average trading volume of 2,900,000 shares, the short-interest ratio is currently 5.0 days. Currently, 9.3% of the shares of the company are sold short.
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, November 30th 2023.
View our IOT earnings forecast
.

How can I listen to Samsara's earnings call?

Samsara will be holding an earnings conference call on Thursday, November 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Samsara's earnings last quarter?

Samsara Inc. (NYSE:IOT) announced its quarterly earnings results on Thursday, August, 31st. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm earned $219.26 million during the quarter, compared to the consensus estimate of $207.69 million. Samsara had a negative net margin of 30.77% and a negative trailing twelve-month return on equity of 20.84%.

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

Samsara updated its third quarter 2024 earnings guidance on Friday, September, 1st. The company provided earnings per share 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.

Who are Samsara's major shareholders?

Samsara's stock is owned by many different institutional and retail investors. Top institutional investors include General Catalyst Group Management LLC (5.65%), Baillie Gifford & Co. (4.22%), Morgan Stanley (3.08%), FMR LLC (1.30%), Invesco Ltd. (0.85%) and Lord Abbett & CO. 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.

This page (NYSE:IOT) was last updated on 11/29/2023 by MarketBeat.com Staff

My Account -