Streetbeat News

IOT

Samsara Inc.

https://www.samsara.com

Industry

Software - Infrastructure

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 customers across a range of industries, including transportation and logistics, construction, field services, utilities and energy, government, healthcare and education, manufacturing, wholesale and retail trade, and food and beverage. The company was incorporated in 2015 and is based in San Francisco, California.

Open

50.60

Mkt cap

29B

Volume

2.4M

High

51.83

P/E Ratio

-105.65

52-wk high

51.83

Low

50.30

Div yield

N/A

52-wk low

23.12

Samsara's short interest has decreased by 3.18%, with 13.87 million shares sold short, representing 7.31% of its float. This is higher than its peers' average of 2.99%. The decrease in short interest may indicate a more bullish sentiment.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 4:15 pm

TD Cowen analyst J. Derrick Wood has maintained a Buy rating on Samsara (NYSE:IOT) and raised the price target from $46 to $56.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 5:23 pm

On CNBC's 'Final Trades', Nvidia, Samsara, and The Health Care Select Sector SPDR Fund were highlighted. Nvidia was praised by Kevin Simpson and received an Overweight rating from Morgan Stanley. Samsara reported strong earnings, and The Health Care Select Sector SPDR Fund was recommended by Liz Young Thomas.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 1:03 pm

The CNBC Halftime Report highlighted final trades including NVIDIA, Samsara, and the SPDR Select Sector Fund - Health Care. These assets were discussed as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:02 pm

Analysts have provided a range of ratings for Samsara (NYSE:IOT) over the past three months, with a majority being indifferent. The average 12-month price target has increased to $43.92, indicating a positive outlook. Samsara has shown strong revenue growth but faces challenges with profitability and returns.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 6:01 pm

Exane BNP Paribas has initiated coverage on Samsara (NYSE:IOT) with a Neutral rating and set a price target of $46.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:41 pm

On CNBC's 'Final Trades', Samsara Inc. hit an all-time high after reporting strong earnings. Aptiv PLC received an analyst upgrade, and Constellation Energy signed a major deal with Microsoft. iShares India 50 ETF was recommended due to favorable economic conditions.

Portfolio Pulse from Avi Kapoor

September 23, 2024 | 12:26 pm

The CNBC Final Trades segment highlighted four investment picks: Samsara, Constellation Energy, Aptiv, and the iShares India 50 ETF. These selections suggest a focus on technology, energy, automotive, and emerging markets.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 5:00 pm

Tech sector shares are trading higher due to a rebound and the inclusion of Dell Technologies and Palantir Technologies in the S&P 500 index.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 4:45 pm

JP Morgan analyst Alexei Gogolev maintains a Neutral rating on Samsara (NYSE:IOT) but raises the price target from $37 to $40.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:05 pm

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