Samsara Inc. (IOT)

NYSE: IOT · IEX Real-Time Price · USD
33.78
+0.29 (0.87%)
At close: Feb 27, 2024, 4:00 PM
33.99
+0.21 (0.62%)
After-hours: Feb 27, 2024, 7:55 PM EST
0.87%
Market Cap 18.09B
Revenue (ttm) 847.69M
Net Income (ttm) -226.95M
Shares Out 540.20M
EPS (ttm) -0.42
PE Ratio n/a
Forward PE 816.34
Dividend n/a
Ex-Dividend Date n/a
Volume 2,379,053
Open 33.78
Previous Close 33.49
Day's Range 33.14 - 34.10
52-Week Range 16.08 - 36.91
Beta 1.55
Analysts Buy
Price Target 31.18 (-7.7%)
Earnings Date Mar 7, 2024

About IOT

Samsara Inc. provides solutions that connect physical operations data to its Connected Operations Cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility. It serves transportatio... [Read more]

Sector Technology
IPO Date Dec 15, 2021
Employees 2,266
Stock Exchange NYSE
Ticker Symbol IOT
Full Company Profile

Financial Performance

In 2022, Samsara's revenue was $652.55 million, an increase of 52.34% compared to the previous year's $428.35 million. Losses were -$247.42 million, -30.31% less than in 2021.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for IOT stock is "Buy." The 12-month stock price forecast is $31.18, which is a decrease of -7.70% from the latest price.

Price Target
$31.18
(-7.70% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Motive Files Lawsuit Against Samsara to Protect Innovation and Fair Competition

SAN FRANCISCO--(BUSINESS WIRE)--Motive Technologies, Inc. (“Motive”), the only AI-powered Integrated Operations Platform for the physical economy, today filed a lawsuit against Samsara Inc. (“Samsara”...

12 days ago - Business Wire

Motive Technologies sues rival Samsara over AI dashcam, fleet-management technology

Artificial intelligence-powered fleet management company Motive Technologies sued rival Samsara Thursday, accusing Samsara of copying its technology and patents in creating competitive products such a...

12 days ago - Reuters

Samsara to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on March 7, 2024

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced that it will release its financial results for the fourth quarter ...

19 days ago - Business Wire

Samsara Sues to Stop Patent Infringement, False Advertising by Motive

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today filed a lawsuit in federal court seeking to stop ongoing intellectual proper...

4 weeks ago - Business Wire

Samsara Joins California Bureau of Automotive Repair's Continuous Testing Program Pilot to Streamline Smog Checks for Public Sector Fleets

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced that it has joined the California Bureau of Automotive Repair's (B...

2 months ago - Business Wire

Roelofs Transport Sees a 60% Reduction in Non-Fault Claims With Samsara's Real-Time AI-Powered Solutions

LONDON--(BUSINESS WIRE)--International haulage firm Roelofs Transport has been working with Samsara, the pioneer of the Connected Operations™ Cloud, to digitise its operations as it continues to grow....

2 months ago - Business Wire

Samsara's big rally: 27% surge following stellar Q3 earnings

The company specializes in the Connected Operations Cloud, a system that helps businesses implement Internet of Things (IoT) data for business insights and operations improvements.

2 months ago - MarketBeat

Trade Tracker: Josh Brown details his latest portfolio moves

Josh Brown, Ritholtz Wealth Management CEO, explains why he's buying Samsara and trimming Uber.

Other symbols: UBER
3 months ago - CNBC Television

Samsara CEO Sanjit Biswas talks Q3 earnings as stock notches second-best day ever

Sanjit Biswas, Samsara CEO, joins 'Closing Bell Overtime' to talk quarterly results, customer uptake, AI spending and more.

3 months ago - CNBC Television

Samsara Earns Frost & Sullivan's 2023 Company of the Year Award

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today was recognized by Frost & Sullivan as the 2023 Company of the Year for Comme...

3 months ago - Business Wire

City of New Orleans Chooses Samsara's Connected Operations Cloud Across 41 Departments

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced that the City of New Orleans will use Samsara's technology to impr...

3 months ago - Business Wire

Samsara Reports Third Quarter Fiscal Year 2024 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations Cloud, reported financial results for the third quarter ended October 28, 2023, and released a shareho...

3 months ago - Business Wire

Samsara's Earnings and Guidance Top Estimates

Software firm Samsara posted a strong third quarter, and raised the outlook. CEO Sanjit Biswas cited a "milestone quarter.

3 months ago - Barrons

Samsara Joins Road Safety Charity Brake

LONDON--(BUSINESS WIRE)--Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announces it has become a supporting member of a Brake to help the road safety charity's drive ...

3 months ago - Business Wire

Samsara Unveils Innovative Solutions Tailored for Mexico's Thriving Transportation Industry at Expo Transporte 2023 in Guadalajara

MEXICO CITY--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, is excited to announce the launch of a groundbreaking suite of theft prevention and ...

3 months ago - Business Wire

Limble Announces Integration with Samsara to Improve Predictive Maintenance for Fleet Management Teams

Mutual customers will benefit from new automated capabilities and improved maintenance tracking and reporting LEHI, Utah , Nov. 14, 2023 /PRNewswire/ -- Limble , the leading provider of modern compute...

3 months ago - PRNewsWire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Samsara Inc. - IOT

NEW YORK , Nov. 3, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Samsara Inc. ("Samsara" or the "Company") (NYSE: IOT).  Such investors are advised to contact R...

4 months ago - PRNewsWire

Samsara To Announce Third Quarter Fiscal Year 2024 Financial Results On November 30, 2023

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced that it will release its financial results for the third quarter o...

4 months ago - Business Wire

City of Houston Selects Samsara's Connected Operations Cloud to Digitize Operations

SAN FRANCISCO--(BUSINESS WIRE)--Samsara Inc. ("Samsara") (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, today announced new insight into its U.S. public sector customer growth, as the co...

4 months ago - Business Wire

Samsara Recognised as an Approved Supplier on New Public Sector Framework

LONDON--(BUSINESS WIRE)--Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations™ Cloud, has been recognised as an approved supplier on the New Kent County Council Telematics and Associated ...

5 months ago - Business Wire

IOT LOSS ALERT: ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Samsara Inc. Investors to Inquire About Securities Class Action Investigation - IOT

NEW YORK , Sept. 30, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Samsara Inc. (...

5 months ago - PRNewsWire

M Group Services Plant & Fleet Solutions Select Samsara and Motormax Collaboration to Deliver Next-Generation Vehicle Safety Solution

LONDON--(BUSINESS WIRE)--M Group Services Plant & Fleet Solutions (MGSPFS) — the fleet management operating business of leading essential infrastructure services provider M Group Services — has been w...

5 months ago - Business Wire

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Samsara Inc. Investors With Losses to Inquire About Securities Class Action Investigation - IOT

NEW YORK , Sept. 23, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Samsara Inc. (N...

5 months ago - PRNewsWire

IOT INVESTOR NEWS: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Samsara Inc. Investors With Losses to Inquire About Securities Class Action Investigation – IOT

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Samsara Inc. (NYSE: IOT) resul...

5 months ago - Business Wire

Arm deal is expected to lift tech IPOs, but not all future debuts will have the same draw

The strong debut of Arm Holdings Plc. is expected to reignite the long-dormant IPO market for tech companies, but not all the current deals in the pipeline will have the same draw for investors.

Other symbols: ARMCARTCRDOIPOIPOSKVYO
5 months ago - Market Watch