Samsara - IOT Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Samsara in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IOT shares.
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5 Wall Street analysts have issued 1 year price targets for Samsara's stock. Their IOT share price forecasts range from $14.00 to $40.00. On average, they anticipate the company's share price to reach $21.38 in the next twelve months. This suggests a possible upside of 41.5% from the stock's current price.
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Samsara's stock was trading at $12.43 on January 1st, 2023. Since then, IOT shares have increased by 21.6% and is now trading at $15.11.
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Samsara saw a increase in short interest in December. As of December 30th, there was short interest totaling 9,280,000 shares, an increase of 29.8% from the December 15th total of 7,150,000 shares. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is currently 6.7 days. Approximately 9.6% of the shares of the company are sold short.
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Samsara Inc. (NYSE:IOT) issued its earnings results on Thursday, December, 1st. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.03. The company had revenue of $169.80 million for the quarter, compared to analyst estimates of $155.64 million. Samsara had a negative trailing twelve-month return on equity of 21.98% and a negative net margin of 75.47%.

Samsara updated its fourth quarter 2023 earnings guidance on Saturday, December, 31st. The company provided EPS guidance of -$0.06--$0.05 for the period, compared to the consensus estimate of -$0.06. The company issued revenue guidance of $170.00 million-$172.00 million, compared to the consensus revenue estimate of $161.26 million.

(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.

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

Samsara's stock is owned by many different retail and institutional investors. Top institutional investors include Exchange Traded Concepts LLC (0.24%), Catalyst Private Wealth LLC (0.03%), Harbor Capital Advisors Inc. (0.02%), Alpha DNA Investment Management LLC (0.02%), Bank Julius Baer & Co. Ltd Zurich (0.01%) and AE Wealth Management LLC (0.01%). Insiders that own company stock include Adam Eltoukhy, Benjamin Calderon, Dominic Phillips, James Andrew Munk, John Bicket, Jonathan Chadwick, Kiren Sekar, Marc L Andreessen and Sanjit Biswas.
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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.
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One share of IOT stock can currently be purchased for approximately $15.11.

Samsara (NYSE:IOT) has a market capitalization of $7.84 billion and generates $428.35 million in revenue each year. The company earns $-355,020,000.00 in net income (profit) each year or ($1.06) on an earnings per share basis.

The company employs 1,616 workers across the globe.

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.