S&P 500   5,096.27
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Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Critical asset just had biggest fall on record (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Critical asset just had biggest fall on record (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Critical asset just had biggest fall on record (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Critical asset just had biggest fall on record (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
NYSE:IOT

Samsara (IOT) Stock Price, News & Analysis

$34.52
+1.31 (+3.94%)
(As of 02/29/2024 ET)
Today's Range
$33.45
$35.34
50-Day Range
$30.18
$35.48
52-Week Range
$16.08
$36.91
Volume
14.21 million shs
Average Volume
2.70 million shs
Market Capitalization
$18.65 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$31.56

Samsara MarketRank™ Stock Analysis

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
8.6% Downside
$31.56 Price Target
Short Interest
Healthy
6.80% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.76mentions of Samsara in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$65.83 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.39) to ($0.38) 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.

1.40 out of 5 stars

Computer And Technology Sector

371st out of 604 stocks

Computer Integrated Systems Design Industry

20th 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 (IOT) to Release Quarterly Earnings on Thursday
Samsara (NYSE:IOT) Downgraded by StockNews.com
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
IOT Mar 2024 36.500 call
IOT Mar 2024 31.500 call
IOT Mar 2024 27.000 put
IOT Mar 2024 38.000 call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
IOT Mar 2024 31.000 put
Samsara Inc. (NYSE:IOT) Insider Adam Eltoukhy Sells 9,344 Shares
IOT Feb 2024 41.000 call
IOT Feb 2024 35.500 call
IOT Feb 2024 30.500 put
IOT Mar 2024 33.000 put
Revisiting My Samsara Recommendation After A Year
Peering Into Samsara's Recent Short Interest
IOT Feb 2024 31.000 call
See More Headlines
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Company Calendar

Today
3/01/2024
Next Earnings (Confirmed)
3/07/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$31.56
High Stock Price Target
$35.00
Low Stock Price Target
$27.00
Potential Upside/Downside
-8.6%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$-247,420,000.00
Pretax Margin
-26.34%

Debt

Sales & Book Value

Annual Sales
$847.69 million
Book Value
$1.79 per share

Miscellaneous

Free Float
182,910,000
Market Cap
$18.65 billion
Optionable
Not Optionable
Beta
1.55
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IOT Stock Analysis - Frequently Asked Questions

Should I buy or sell Samsara stock right now?

9 Wall Street research 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 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 target for 2024?

9 Wall Street analysts have issued twelve-month price targets for Samsara's stock. Their IOT share price targets range from $27.00 to $35.00. On average, they expect the company's share price to reach $31.56 in the next year. This suggests that the stock has a possible downside of 8.6%.
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 on January 1st, 2024. Since then, IOT shares have increased by 3.4% and is now trading at $34.52.
View the best growth stocks for 2024 here
.

Are investors shorting Samsara?

Samsara saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 11,350,000 shares, a drop of 13.5% from the January 31st total of 13,120,000 shares. Based on an average trading volume of 3,410,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 6.8% of the company's shares 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, March 7th 2024.
View our IOT earnings forecast
.

How can I listen to Samsara's earnings call?

Samsara will be holding an earnings conference call on Thursday, March 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

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

Samsara issued an update on its fourth quarter 2024 earnings guidance on Monday, December, 11th. The company provided earnings per share (EPS) guidance of 0.020-0.030 for the period, compared to the consensus estimate of 0.020. The company issued revenue guidance of $257.0 million-$259.0 million, compared to the consensus revenue estimate of $250.4 million.

When did Samsara IPO?

(IOT) raised $752 million in an initial public offering 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 many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (4.15%), Vanguard Group Inc. (2.82%), Price T Rowe Associates Inc. MD (2.75%), 1832 Asset Management L.P. (0.70%), Voloridge Investment Management LLC (0.46%) and Westfield Capital Management Co. LP (0.37%). 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, 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 3/1/2024 by MarketBeat.com Staff