Gain detailed insights into the trading activity of Congress members for Samsara on our government trades page. Stay updated on how elected officials are investing in IOT.

Samsara - Government Trades

Samsara

Income Opportunity Realty Trust

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Samsara Inc provides an end-to-end solution for operations: The solution connects physical operations data to the Connected Operations Cloud, which consists of the Data Platform and Application. Geographically, it derives a majority of its revenue from the United States.

driving ai

Price Target

Initiation

Analyst Ratings

Tech

Samsara reported is a leader in AI dash cam and is now disrupting the vehicle telematics industry. Analysts recommend buying with $37 target.

Samsara Set To Disrupt $19B Telematics Industry: Analyst Predicts AI Dash Cam Expansion

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Earnings

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Small Cap

Markets

Trading Ideas

ANET

Samsara (NYSE: IOT) reported non-GAAP earnings of 3 cents per share in first-quarter fiscal 2025, beating the Zacks Consensus Estimate of 2 cents. The company reported a loss of 2 cents in the previous year.


Samsara&#39;s Q1 Earnings Beat Estimates, Revenues Up Y/Y

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Samsara reported Q1 FY25 results with revenue up 37%, beating estimates. The company raised its FY25 outlook.

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10 large-cap stocks worst performers last week: MongoDB, Nutanix, DraftKings, Salesforce, Samsara, Celsius, Agilent, Snowflake, ServiceNow, Hormel. Are they in your portfolio?

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Samsara Inc

IOTA - United States Dollar

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Piper Sandler analyst James Fish maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Neutral and maintains $36 price target.

Piper Sandler Maintains Neutral on Samsara, Maintains $36 Price Target

Wolfe Research analyst Alex Zukin reiterates Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Outperform and maintains $44 price target.

Reiteration

Wolfe Research Reiterates Outperform on Samsara, Maintains $44 Price Target

Analysts' ratings for Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $41.38, with a high estimate of $47.00 and a low estimate of $36.00. This current average has decreased by 3.77% from the previous average price target of $43.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1719583264_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The perception of Samsara by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Schappel</td>
<td>Loop Capital</td>
<td>Maintains</td>
<td>Buy</td>
<td>$42.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$47.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Matt Bullock</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$37.00</td>
<td>-</td>
</tr>
<tr>
<td>Daniel Jester</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$40.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$47.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>James Fish</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$36.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$40.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Mark Schappel</td>
<td>Loop Capital</td>
<td>Announces</td>
<td>Buy</td>
<td>$42.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Samsara. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Samsara compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Samsara's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Samsara's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/IOT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Samsara analyst ratings.</a>
<h2>Discovering Samsara: A Closer Look</h2>
Samsara Inc provides an end-to-end solution for operations: The solution connects physical operations data to the Connected Operations Cloud, which consists of the Data Platform and Application. Geographically, it derives a majority of its revenue from the United States.
<h3>Financial Milestones: Samsara's Journey</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Samsara showcased positive performance, achieving a revenue growth rate of 37.4% as of 30 April, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Samsara's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -20.05%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Samsara's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -6.12%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -3.23%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.1.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Samsara: Insights From 8 Financial Analysts

Loop Capital analyst Mark Schappel maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Buy and maintains $42 price target.

Loop Capital Maintains Buy on Samsara, Maintains $42 Price Target

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Shares of software stocks are trading higher, possibly amid a drop in yields.

Samsara shares are trading higher after RBC Capital reiterated an Outperform rating and maintained its price target of $47.

RBC Capital analyst Matthew Hedberg reiterates Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Outperform and maintains $47 price target.

RBC Capital Reiterates Outperform on Samsara, Maintains $47 Price Target

Earlier this month, Samsara Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) reported <a href="https://www.benzinga.com/news/earnings/24/06/39231278/samsaras-q1-earnings-beat-estimates-revenues-up-yy">higher-than-expected earnings for its fiscal first-quarter</a>.
The company has emerged as a leader in AI dash cam and software for real-time driver coaching and is disrupting the vehicle telematics industry, according to BofA Securities.
The Samsara Analyst: Matt Bullock initiated coverage of Samsara with a Buy rating and price target of $37.
The Samsara Thesis: The AI dash cam and software market is likely to double in three years, Bullock said in the initiation note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
The vehicle telematics industry, in which the company is capturing a market share of around 1% in North America annually "with its easy to use and feature-rich solution," is valued at over $19 billion, the analyst stated. Each of Samsara&#8217;s fleet-focused offerings generates over $450 million in annual recurring revenues, he added. &nbsp;
"Telematics (software using GPS &amp; sensors to monitor location/fuel use/idling for greater efficiency) is littered with clunky legacy products &#8211; and we are in the early stages of a widespread replacement cycle," Bullock wrote.
A lower-than-expected beat-and-raise quarter has exerted pressure on the stock, "but we view shares as oversold given little change to our LT growth thesis post-print," the analyst said. "We are 2%/4% above consensus for FY25/FY26 revenues," he added.
IOT Price Action: Shares of Samsara were down 0.84% to $29.39 at the time of publication on Thursday.
Now Read: <a href="https://www.benzinga.com/24/06/39414865/summer-solstice-blues-market-history-of-underperformance-on-longest-day-of-the-year">Summer Solstice Blues: Market History Of Underperformance On Longest Day Of The Year</a>
Image created using artificial intelligence via Midjourney.

B of A Securities analyst Matt Bullock initiates coverage on Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Buy rating and announces Price Target of $37.

B of A Securities Initiates Coverage On Samsara with Buy Rating, Announces Price Target of $37

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) lost 15.22% last week after multiple analysts <a href="https://www.benzinga.com/quote/celh/analyst-ratings" target="_blank" rel="noreferrer noopener">lowered their price forecasts</a> for the stock.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) shares tumbled 12.59% after the company lowered its 2024 group production guidance due to the impact of weather <a href="https://www.benzinga.com//node/39317613" target="_blank" rel="noreferrer noopener">events on the Salares Norte project</a>.</li>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) shares decreased 13.63% after it was announced that the proposed <a href="https://www.benzinga.com//node/39319277" target="_blank" rel="noreferrer noopener">transaction with Skydance is not moving forward</a>.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) shares declined 11.71% after Liberty Global on Thursday announced intentions to acquire <a href="https://www.benzinga.com//node/39318490" target="_blank" rel="noreferrer noopener">the company&#8217;s stake in Formula E</a>.</li>
<li>PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) shares fell 9.16% on news competitor Affirm&#8217;s payment products are expected to be available to <a href="https://www.benzinga.com//node/39295963" target="_blank" rel="noreferrer noopener">Apple Pay users in the US later this year</a>.</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) shares were down 7.66%.</li>
<li>Orange SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORAN#NYSE">ORAN</a>) stock lost 7.66% in the last week.</li>
<li>Nutrien Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTR#NYSE">NTR</a>) stock fell 7.14% after Piper Sandler maintained an Underweight rating and <a href="https://www.benzinga.com/quote/ntr/analyst-ratings" target="_blank" rel="noreferrer noopener">lowered its price target from $56 to $55</a>.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares fell 7.51%.</li>
<li>Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) stock decreased 7.51%.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares declined 5.88% after the company announced a proposed private institutional offering of $500 million in convertible <a href="https://www.benzinga.com//node/39335806" target="_blank" rel="noreferrer noopener">senior notes to acquire additional Bitcoin</a>.</li>
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<ol></ol>
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Photo via Shutterstock

High-rolling investors have positioned themselves bearish on Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in IOT often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Samsara. This is not a typical pattern.
The sentiment among these major traders is split, with 44% bullish and 55% bearish. Among all the options we identified, there was one put, amounting to $30,855, and 8 calls, totaling $486,220.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $30.0 for Samsara, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Samsara stands at 1087.0, with a total volume reaching 576.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Samsara, situated within the strike price corridor from $25.0 to $30.0, throughout the last 30 days.
<h3>Samsara Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718301020_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>IOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$5.4</td>
<td>$5.3</td>
<td>$5.3</td>
<td>$25.00</td>
<td>$106.0K</td>
<td style="text-align: right;">283</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>IOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$3.3</td>
<td>$3.2</td>
<td>$3.3</td>
<td>$30.00</td>
<td>$87.4K</td>
<td style="text-align: right;">276</td>
<td style="text-align: right;">60</td>
</tr>
<tr>
<td>IOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$5.1</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$25.00</td>
<td>$64.3K</td>
<td style="text-align: right;">424</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>IOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$5.1</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$25.00</td>
<td>$55.8K</td>
<td style="text-align: right;">424</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>IOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$5.3</td>
<td>$5.2</td>
<td>$5.3</td>
<td>$25.00</td>
<td>$52.4K</td>
<td style="text-align: right;">283</td>
<td style="text-align: right;">201</td>
</tr>
</tbody>
</table>

<h3>About Samsara</h3>
Samsara Inc provides an end-to-end solution for operations: The solution connects physical operations data to the Connected Operations Cloud, which consists of the Data Platform and Application. Geographically, it derives a majority of its revenue from the United States.
Having examined the options trading patterns of Samsara, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Samsara</h3>
<ul>
<li>With a volume of 3,467,893, the price of IOT is down -1.77% at $28.89. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 77 days.</li>
</ul>
<h3>Expert Opinions on Samsara</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $40.75.
<ul>
<li>An analyst from BMO Capital persists with their Market Perform rating on Samsara, maintaining a target price of $40. </li>
<li>An analyst from Evercore ISI Group persists with their In-Line rating on Samsara, maintaining a target price of $40. </li>
<li>An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $47. </li>
<li>Reflecting concerns, an analyst from Piper Sandler lowers its rating to Neutral with a new price target of $36.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Samsara with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Spotlight on Samsara: Analyzing the Surge in Options Activity

Across the recent three months, 5 analysts have shared their insights on Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Samsara and provided 12-month price targets. The average target is $41.0, accompanied by a high estimate of $47.00 and a low estimate of $36.00. Highlighting a 2.96% decrease, the current average has fallen from the previous average price target of $42.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1718110835_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The perception of Samsara by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Daniel Jester</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$40.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$47.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>James Fish</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$36.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$40.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Mark Schappel</td>
<td>Loop Capital</td>
<td>Announces</td>
<td>Buy</td>
<td>$42.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Samsara. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Samsara compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Samsara's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Samsara's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/IOT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Samsara analyst ratings.</a>
<h2>Delving into Samsara's Background</h2>
Samsara Inc provides an end-to-end solution for operations: The solution connects physical operations data to the Connected Operations Cloud, which consists of the Data Platform and Application. Geographically, it derives a majority of its revenue from the United States.
<h3>Unraveling the Financial Story of Samsara</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Samsara's revenue growth over a period of 3 months has been noteworthy. As of 30 April, 2024, the company achieved a revenue growth rate of approximately 1.61%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Samsara's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -20.05%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -6.12%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Samsara's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -3.23%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.1, Samsara adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 5 Analyst Ratings Have To Say About Samsara

BMO Capital analyst Daniel Jester maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Market Perform and maintains $40 price target.

BMO Capital Maintains Market Perform on Samsara, Maintains $40 Price Target

Samsara (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iot#NYSE">IOT</a>) reported non-GAAP earnings of 3 cents per share in first-quarter fiscal 2025, beating the Zacks Consensus Estimate of 2 cents. The company reported a loss of 2 cents in the previous year. 
Revenues came in at $281 million, up 37% year over year. The figure beat the Zacks Consensus Estimate by 3.02%.
<h3>Top-Line Details</h3>
In the fiscal first quarter, Samsara concluded with Annual Recurring Revenues of $1.18 billion, up 37% year over year. The upside was driven by strong large customer momentum, including wins with significant clients like the Department of Transportation for Iowa and Kansas and VINCI, a major construction company. 
The number of customers with ARR surpassing $100,000 reached 1,964 and increased 43% year over year. The average ARR per $100,000-plus customer also increased from $305,000 to $316,000, which is notable.
<div class="chart_embed">
<h3>Samsara Inc. Price, Consensus and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/IOT/price-consensus-eps-surprise-chart?icid=chart-IOT-price-consensus-eps-surprise-chart"><img alt="Samsara Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/5d/1717768052.png" style="height:286px; width:620px" title="" /> </a>
Samsara Inc. price-consensus-eps-surprise-chart | Samsara Inc. Quote
</div>
In the first fiscal quarter, Samsara saw increased adoption of its platform, with customers subscribing to multiple applications. Notably, 94% of more than $100,000 ARR customers and 83% of core customers used multiple Samsara products. 
IoT&#39;s key products, which include Video-Based Safety, Vehicle Telematics and Smart Equipment &amp; Other, showed strong growth in first-quarter fiscal 2025. 
Video-Based Safety achieved more than $450 million in ARR with a remarkable year-over-year growth of over 30%. The application has proven to be a game-changer for Nutrien (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ntr#NYSE">NTR</a>), a leading agricultural company. 
By using Samsara&#39;s video-based safety application, Nutrien achieved a 40% reduction in unsafe driving practices across their fleet of more than 11,000 vehicles in the fiscal first quarter. 
Vehicle Telematics recorded substantial ARR and surpassed $450 million, up more than 30% year over year. 
Utilizing Samsara&#39;s telematics application, Frontier Communications saved 320,000 gallons of fuel in 2023, equivalent to more than 6 million pounds of carbon emissions. 
Smart Equipment &amp; Other generated significant ARR that exceeded $125 million, up 30% year over year. 
IOT&#39;s expansion into international markets has been a key catalyst. It achieved a quarterly record with 18% of net-new Annual Contract Value (ACV), which came from international geographies, driven by strong performance in markets such as Mexico and Europe.
<h3>Operating Details</h3>
In first-quarter fiscal 2025, non-GAAP gross profit rose 44.2% year over year to $215.9 million. Gross margin expanded 360 basis points to 77%. 
Total operating expenses increased 24.9% year over year to $278.1 million, mainly due to higher research and development (up 20.9% year over year), sales and marketing (up 23.9% year over year) and general and administrative costs (rising 33.3% year over year). 
Operating income was $6.2 million against an operating loss of $19 million reported in the year-ago quarter.
<h3>Balance Sheet &amp; Cash Flow</h3>
As of May 4, 2024, cash and cash equivalents were $163 million compared with $136 million as of Feb 3, 2024. 
In the fiscal first quarter, cash provided by operating activities was $23.6 million compared to the prior quarter&#39;s cash usage of $41.8 million. 
Adjusted free cash flow was $18.6 million compared with $16 million reported in the previous quarter. Adjusted free cash flow margin for the fiscal first quarter was 7%.
<h3>Guidance</h3>
For the second quarter of fiscal 2025, Samsara expects revenues between $288 million and $290 million, representing 31-32% year-over-year growth. 
The non-GAAP operating margin is anticipated to decline 2%. 
Non-GAAP earnings for the fiscal second quarter are expected to be between 0 and 1 cent per share.
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Currently, Samsara has a Zacks Rank #3 (Hold). 
Samsara&#39;s shares have gained 4.4% compared with the Zacks Computer and Technology sector&#39;s rise of 19.3% in the year-to-date period. 
Some better-ranked stocks in the broader technology sector are Arista Networks (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) and Badger Meter (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bmi#NYSE">BMI</a>), each sporting a Zacks Rank #1(Strong Buy) at present.
Arista Networks&#39; shares have gained 26.2% in the year-to-date period. The long-term earnings growth rate for ANET is pegged at 15.68%.&nbsp;
Badger Meter&#39;s shares have gained 21.5% in the year-to-date period. The long-term earnings growth rate for BMI is currently projected at 15.57%.
<a href="https://www.zacks.com/stock/news/2285526/samsara-s-iot-q1-earnings-beat-estimates-revenues-up-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2285526">To read this article on Zacks.com click here.</a>

Samsara's Q1 Earnings Beat Estimates, Revenues Up Y/Y

Wall Street returned to reclaim record highs on Friday after a <a href="https://www.benzinga.com/news/large-cap/24/06/39225961/job-market-booms-in-may-payrolls-surge-more-than-expected-wages-increase">stronger-than-expected jobs report.</a>
In May, the increase in non-farm payrolls rose by 272,000 units, a jump from 165,000 and significantly higher than the economists&#8217; consensus of 180,000. Hourly wages also surprised on the upside (4.1% year-on-year versus 3.9%), while unemployment came in slightly higher than expected (4% vs. 3.9%).
The hotter-than-expected labor market data sparked a reassessment in rate-cut hopes, with traders closing the door on a July cut, lowering bets on September and currently expecting only one <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39230693/blowout-may-jobs-data-closes-the-door-on-a-july-rate-cut-6-economists-make-best-gue">cut by year-end.</a>
The move in rate expectations triggered sharp increases in bond yields, with Treasuries witnessing about a 10-basis-point rise in yields across maturities. This lead to sharp drops in fixed-income markets, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) down 1.8%.
Investors opted to look at the brighter side of the jobs report, as a stronger job market means a resilient economy, pushing back fears of a slowdown and thus reigniting the risk-assets rally. 
Both the S&amp;P 500 and the Nasdaq 100 index reached fresh all-time highs during the session. Blue chips were flat, while small caps tumbled 0.8%.
The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), rallied 0.8%, eyeing its strongest session since late April.
The rising greenback generated heavy bearish pressure on commodities, with gold down 2.6% and silver plummeting nearly 6% on its worst day since February 2021. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was flat at $70,880.
<h1 class="wp-block-heading">Friday&#8217;s Performance On Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,083.89</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,368.01</td>
<td>0.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,934.67</td>
<td>0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,032.91</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.3% higher to $536.27.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;was 0.2% up to $390.22.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA: <a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) rose 0.4% to $465.35.</li>
<li>Sector-wise, the&nbsp;Financials Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)&nbsp;outperformed, up by 0.8%, while the&nbsp;Materials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 0.8%.</li>
</ul>
<h1 class="wp-block-heading">Friday&#8217;s Stock Movers</h1>
<ul>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) plummeted over 30% after missing quarterly results. The meme stock failed to rally minutes after Keith Gill — alias the &#8220;Roaring Kitty&#8221; — started his YouTube livestream.</li>
<li>AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) fell nearly 15%. </li>
<li>Mining-related stocks fell heavily with Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), Agnico Eagle Mines Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) and Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) tumbling 5%, 6.9% and 4.5%, respectively.</li>
<li>Stocks reacting to earnings included Vail Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>), down 12%, Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>), down 13%, DocuSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), down 5% and Braze Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) up 2%.</li>
</ul>
Read Now: <a href="https://www.benzinga.com/markets/equities/24/06/39231962/roaring-kitty-draws-600k-live-viewers-in-youtube-return-im-alive">Roaring Kitty Draws 600K Live Viewers In YouTube Return: &#8216;I&#8217;m Alive!&#8217; (UPDATED)</a>
Photo: Shutterstock

Stocks Reclaim Record Highs As Jobs Data Fuels Growth Optimism; Gold, Bonds Tumble As Yields Rise: What's Driving Markets Friday?

Shares of GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) fell sharply during Friday's session after the company released worse-than-expected first-quarter results before schedule and filed to <a href="https://www.benzinga.com/news/earnings/24/06/39224137/gamestop-releases-q1-results-ahead-of-roaring-kitty-event-files-prospectus-to-raise-capital-via-equ">sell up to 75 million shares</a>.
GameStop released its first-quarter 2024 results early Friday ahead of its scheduled June 11 date. The company reported net sales of $881.8 million, down from $1.237 billion year-over-year. The net sales total missed a consensus estimate of $995.3 million. The company reported a loss of 12 cents per share, missing the estimate of a loss of 9 cents per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
GameStop shares dipped 22.5% to $36.07 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Trinity Place Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPHS#NYSE">TPHS</a>) jumped 165.4% to $0.3220 after declining around 11% on Thursday.</li>
<li>Leafly Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) shares gained 91.6% to $3.87.</li>
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) shares jumped 87.5% to $1.1606 on continued upward momentum after the stock regained Nasdaq compliance.</li>
<li>Asensus Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASXC#NASDAQ">ASXC</a>) climbed 40.1% to $0.3291 after the company announced it will be acquired by KARL STORZ for $0.35 per share in cash.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) gained 29.3% to $0.7032.</li>
<li>Geron Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GERN#NASDAQ">GERN</a>) shares jumped 26% to $4.90 as the company reported the FDA approval of RYTELO&#x2122; (imetelstat), a first-in-class telomerase inhibitor, for the treatment of adult patients with lower-risk MDS with transfusion-dependent anemia.</li>
<li>China Liberal Education Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) gained 23.4% to $2.4899.</li>
<li>American Oncology Network, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AONC#NASDAQ">AONC</a>) gained 22.6% to $2.0850. American Oncology Network recently announced the opening of Low Country Radiation in Waycross, Georgia.</li>
<li>MAIA Biotechnology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAIA#NASDAQ">MAIA</a>) rose 21.2% to $4.0249. The company unveiled compelling efficacy data from its Phase 2 THIO-101 clinical trial.</li>
<li>ChromaDex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXC#NASDAQ">CDXC</a>) gained 19.2% to $3.41 after the company received exclusive FDA Orphan Drug Designation and Rare Pediatric Disease Designation for Nicotinamide Riboside Chloride in the treatment of Ataxia Telangiectasia.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) rose 18.8% to $4.11.</li>
<li>Oddity Tech Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODD#NASDAQ">ODD</a>) gained 18.3% to $43.49 after the company approved a share buyback and raised its Q2 guidance.</li>
<li>Universe Pharmaceuticals INC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPC#NASDAQ">UPC</a>) jumped 14.3% to $2.64</li>
<li>Presto Automation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) rose 14.1% to $0.0866 after declining 27% on Thursday.</li>
<li>Yext, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) gained 14.7% to $5.42. Yext is said to hire investment bankers to explore strategic alternatives, including a sale, Reuters reported.</li>
<li>Argan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) jumped 11.1% to $76.78 after the company reported better-than-expected first-quarter financial results.</li>
<li>Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) gained 9.6% to $1.9950 following better-than-expected quarterly earnings.</li>
<li>Braze, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) rose 4.2% to $38.32 following better-than-expected first-quarter earnings.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) shares dipped 65.6% to $3.87 after the United States Food and Drug Administration (FDA) imposed a full clinical hold on its Phase I/II trials for BMF-219, a diabetes treatment.</li>
<li>Barnes &amp; Noble Education, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) fell 35.3% to $0.2101 after the company announced final results of rights offering.</li>
<li>Scinai Immunotherapeutics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) fell 31.3% to $2.7474. Scinai Immunotherapeutics regained compliance with Nasdaq minimum bid price requirement.</li>
<li>Volcon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) fell 29.3% to $9.90. Volcon recently announced a 1-for-100 reverse stock split.</li>
<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) shares fell 26.4% to $34.69 after jumping 49% on Thursday.</li>
<li>Hywin Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYW#NYSE">HYW</a>) dipped 24.7% to $0.4670.</li>
<li>MicroAlgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLGO#NASDAQ">MLGO</a>) shares fell 24.2% to $4.24. MicroAlgo recently announced that it entered into convertible note purchase agreements with certain investors.</li>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) dipped 23% to $1.5101. Actelis announced closing of exercise of warrants for $3 million gross proceeds.</li>
<li>Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) dipped 19.6% to $30.54 after the company announced it has appointed a new President and CEO and reaffirmed Q2 2025 guidance.</li>
<li>Gorilla Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) fell 19.3% to $4.7699 after announcing a $12 million registered direct offering.</li>
<li>Bright Green Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGXX#NASDAQ">BGXX</a>) shares fell 18.7% to $0.2851 after declining around 8% on Thursday.</li>
<li>Seres Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRB#NASDAQ">MCRB</a>) declined 18.7% to $0.6916. Canaccord Genuity analyst John Newman maintained Seres Therapeutics with a Buy and lowered the price target from $15 to $10.</li>
<li>CEA Industries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEAD#NASDAQ">CEAD</a>) dipped 18% to $6.65.</li>
<li>Oil-Dri Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ODC#NYSE">ODC</a>) fell 17.3% to $68.57 following third-quarter results.</li>
<li>mF International Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFI#NASDAQ">MFI</a>) fell 17.1% to $1.07.</li>
<li>Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) shares declined 13.6% to $167.50 after the company reported weaker-than-expected results for its third quarter on Thursday.</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) shares dipped 13.4% to $30.17 after the company reported first-quarter earnings.</li>
<li>Moving iMage Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MITQ#NYSE">MITQ</a>) fell 10.3% to $0.6001 after declining 33% on Thursday. Moving iMage Technologies was recently awarded a multi-million dollar contract.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) declined 10.2% to $17.56.</li>
<li>Sify Technologies Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) fell 10.1% to $0.8001 as the company announced commencement of its previously announced rights offering.</li>
<li>Harmony Gold Mining Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>) fell 9.2% to $8.36. Shares of precious metals companies traded lower amid a decline in gold and silver following US economic data.</li>
<li>Concrete Pumping Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBCP#NASDAQ">BBCP</a>) shares dipped 8% to $6.93 after posting weaker-than-expected second-quarter results.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) tumbled 8% to $24.75.</li>
<li>American Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) declined 7.5% to $9.55 following quarterly results. B. Riley Securities analyst Zach Cummings maintained American Software with a Buy and lowered the price target from $16 to $14.</li>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) shares fell 7.4% to $50.57. DocuSign reported better-than-expected earnings for its first quarter and the company&#8217;s board also authorized a $1 billion increase to its existing stock repurchase program. The company said it sees second-quarter billings in the range of $715 million to $725 million.</li>
<li>Impinj, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) fell 7.1% to $153.03.</li>
<li>Gen Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEN#NASDAQ">GEN</a>) declined 5.2% to $24.13 after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $28 to $27.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/06/39226995/over-2m-bet-on-this-tech-stock-check-out-these-4-stocks-insiders-are-buying">Over $2M Bet On This Tech Stock? Check Out These 4 Stocks Insiders Are Buying</a>

Why GameStop Shares Are Trading Lower By Over 22%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Piper Sandler analyst James Fish reiterates Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a Neutral and lowers the price target from $41 to $36.

Piper Sandler Reiterates Neutral on Samsara, Lowers Price Target to $36

Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) shares are trading lower after the company reported<a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/b39215530/samsara-reports-first-quarter-fiscal-year-2025-financial-results" rel="noreferrer noopener"> first-quarter FY25 results</a>.
Revenue rose 37% Y/Y to $280.7&nbsp;million, beating the consensus of $266.84 million. Annual Recurring Revenue (ARR) surged 37% Y/Y to $1.18 billion.
Adjusted gross profit rose to $215.9 million from $149.7 million a year ago, with a margin of 77% versus 73% prior year.
Adjusted operating income stood at $6.2 million versus a loss of $19.0 million last year. Adjusted EPS of&nbsp;$0.03&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">exceeded the estimate of&nbsp;$(0.01)</a>.
Operating cash flow stood at $23.7 million, and adjusted free cash flow came in at $18.6 million.
Outlook: IOT sees&nbsp;second-quarter adjusted EPS&nbsp;of $0.00-$0.01&nbsp;(versus&nbsp;$0.01&nbsp;estimate) and revenue&nbsp;of $288 million-$290 million&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus&nbsp;the estimate of $287.25 million</a>.
The company revises FY25 adjusted EPS outlook to $0.13-$0.15 (from $0.11-$0.13, vs. consensus of $0.12) and revenue to $1.205 billion-$1.213 billion (from $1.186 billion-$1.196 billion, versus an estimate of $1.20 billion).
Investors can gain exposure to the stock via First Trust US Equity Opportunities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPX#NYSE">FPX</a>) and TrueShares Technology, AI &amp; Deep Learning ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRNZ#NYSE">LRNZ</a>).
Price Action: IOT shares are down 12.7% at $30.43 premarket at the last check Friday.
Photo via Shutterstock

What's Going On With Software Company Samsara Shares Today?

Evercore ISI Group analyst Kirk Materne maintains Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) with a In-Line and lowers the price target from $41 to $40.

Evercore ISI Group Maintains In-Line on Samsara, Lowers Price Target to $40

Samsara: Price Correction Creates A Buying Opportunity

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
As we look toward the future, artificial intelligence stands out as a critical driver of innovation and economic growth. AI&rsquo;s potential to revolutionize industries is immense. It&rsquo;s not just about automation or efficiency; AI promises to unlock new frontiers of creativity and intelligence that we&rsquo;re only beginning to explore.



<a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> represent a compelling opportunity for investors aiming to build generational wealth in a market that&rsquo;s increasingly looking forward. These companies are at the forefront of a technology wave that could define the next century, making them potentially lucrative investments for those looking to contribute to their grandchildren&rsquo;s financial security.



While the buzz around AI has caused some stocks to soar to high valuations, hidden gems remain that can generate high returns in the long term. Hence, three AI stocks for long term growth that can deliver outsized returns in the future.



<h2>Upstart (UPST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/artificial-intelligence-red-face-1600-300x169.jpg" alt="Graphic of front profile of artificial face in pinkish-red hue with binary code and symbols surrounding it, symbolizing artificial intelligence and AI stocks"><div>Source: shutterstock.com/local_doctor</div></div>Upstart (NASDAQ:<a href="https://investorplace.com/stock-quotes/upst-stock-quote/">UPST</a>) is known for its revolutionary AI lending model. The company has faced significant fluctuation in its stock price influenced by the Federal Reserve&rsquo;s interest rate policies.



In early 2022, Upstart&rsquo;s revenues soared, with quarterly revenues <a href="https://seekingalpha.com/symbol/UPST/income-statement">exceeding</a> $300 million and loan origination volumes reaching $4.5 billion. However, the landscape shifted dramatically by 2023, with FED continuing to hike rates and the loan market facing a decline.



Despite the current challenges, the company has <a href="https://seekingalpha.com/article/4690464-upstart-holdings-inc-upst-q1-2024-earnings-call-transcript">maintained</a> a bullish outlook with the potential for rate cuts anticipated to reinvigorate the personal loan market. This optimism is underpinned by the total outstanding consumer credit <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-jones-01-08-2024/card/consumer-credit-tops-5-trillion-Wxu8Be399nS3gHbwbeqN">nearing</a> $5 trillion, suggesting a vast market potential for Upstart&rsquo;s innovative lending solutions.



Upstart&rsquo;s growth strategy includes expanding its partnership network, which grew from 10 partners at its IPO to <a href="https://www.nasdaq.com/articles/is-upstart-finally-turning-around">about</a> 100 by early 2024. This expansion enhances its market reach and underpins its revenue generation capabilities. Furthermore, Upstart&rsquo;s commitment to AI and technology innovation remains strong, maintaining its competitive edge in fintech.



<h2>Lemonade (LMND)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/artificial-intelligence-ai-computer-chip-1600-300x169.jpg" alt='AI stocks to Buy, Close-up of letters "AI" written on a computer chip, symbolizing artificial intelligence and AI stocks. ai chip stocks'><div>Source: shutterstock.com/YAKOBCHUK V</div></div>Lemonade (NYSE:<a href="https://investorplace.com/stock-quotes/lmnd-stock-quote/">LMND</a>) is making significant strides in revolutionizing insurance through advanced AI and customer-centric solutions. Lemonade&rsquo;s innovative approach provides a substantial growth opportunity, especially as it enhances its AI capabilities and expands its geographical footprint.



The company&rsquo;s strategy to leverage AI to streamline processes and enhance customer interactions has seen it grow its customer base impressively. LMND reported an <a href="https://seekingalpha.com/article/4688006-lemonade-inc-lmnd-q1-2024-earnings-call-transcript?source=content_type%3Areact%7Csection%3ATranscripts%7Csection_asset%3ATranscripts%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1">increase</a> in In-Force Premium (IFP) of 22% year-over-year in the latest quarter, indicating robust demand for its offerings. Moreover, Lemonade reported revenue of $119.1 million, surpassing analyst expectations by about 5%.



The company&rsquo;s AI-driven platforms, such as Blender, have been instrumental in significantly reducing the Loss Adjustment Expense (LAE) ratio &mdash; from 13.2% to 7.6%.



Lemonade&rsquo;s expansion into the European market and adding new product lines, such as auto insurance, signify its strategic intent to diversify and tap into new revenue streams. The company&rsquo;s growth in Europe, which has launched in multiple countries, reflects its ability to scale internationally despite the challenges.



<h2>Samsara (IOT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/artificial-intelligence-ai-brain-tech-1600-300x169.jpg" alt="Purple and blue graphic of brain over top of data center, smartphone, laptop and various other tech, symbolizing artificial intelligence and AI stocks"><div>Source: shutterstock.com/Nadya C</div></div>Samsara (NYSE:<a href="https://investorplace.com/stock-quotes/iot-stock-quote/">IOT</a>) is a leading provider of Internet of Things solutions. The company has been making significant strides in transforming how businesses leverage operational data for enhanced efficiency and insights.



Samsara <a href="https://seekingalpha.com/article/4697907-samsara-inc-iot-q1-2025-earnings-call-transcript">reported</a> impressive Q1 2025 results, demonstrating substantial growth and operational efficiency. The company&rsquo;s EPS stood at $0.03 for the quarter, surpassing expectations by $0.02. The revenues were reported at $280.73 million, marking a 37.40% increase year-over-year (YoY) and exceeding forecasts by $8.33 million. This performance underscores Samsara&rsquo;s ongoing expansion and the increasing efficacy of its operational strategies.



Samsara&rsquo;s competitive advantage lies in its proprietary technology, which has processed operational data across numerous sectors over several years. This historical data accumulation allows Samsara&rsquo;s AI-enhanced platforms to offer data tracking and deep insights that promote operational improvements. As the IoT landscape evolves, Samsara&rsquo;s continuous integration of AI into its offerings is expected to keep it at the forefront of the industry.



On the date of publication, Mohammed Saqib did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Mohammed Saqib is a research analyst with experience in equity research and financial modeling. He has extensively covered stocks listed in the tech sector using fundamental analysis as the cornerstone of his approach. Currently pursuing a master&rsquo;s degree in finance, Saqib is dedicated to obtaining the CFA charter to augment his expertise in the field further.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-ai-stocks-that-could-make-your-grandchildren-rich/">3 AI Stocks That Could Make Your Grandchildren Rich</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 AI Stocks That Could Make Your Grandchildren Rich

RBC Capital analyst Matthew Hedberg maintained a Buy rating on Samsara (IOT – Research Report) yesterday and set a price target of $47.00. The comp...

RBC Capital Sticks to Its Buy Rating for Samsara (IOT)

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Samsara's Market-Leading Platform Warrants a Buy Rating, Analyst Asserts

Truist Financial analyst Junaid Siddiqui maintained a Hold rating on Samsara (IOT – Research Report) today. The company's shares closed yesterday a...

Truist Financial Reaffirms Their Hold Rating on Samsara (IOT)

BMO Capital analyst Daniel Jester maintained a Hold rating on Samsara (IOT – Research Report) today and set a price target of $40.00. Daniel Jester...

Samsara's Innovations and Growth Potential Tempered by High Valuation: A Hold Rating Justified

Analyst Michael Turrin from Wells Fargo maintained a Buy rating on Samsara (IOT – Research Report) and keeping the price target at $42.00. Michael ...

Sustained Growth and Market Expansion: Buy Rating Reaffirmed for Samsara

Morgan Stanley analyst Keith Weiss maintained a Hold rating on Samsara (IOT – Research Report) today and set a price target of $38.00. Keith Weiss ...

Samsara's Strong Performance and Market Potential Balanced with a Cautious Hold Rating

In a report released today, Kirk Materne from Evercore ISI maintained a Hold rating on Samsara (IOT – Research Report), with a price target of $40....

Samsara (IOT) Receives a Hold from Evercore ISI

TD Cowen analyst Derrick Wood reiterated a Buy rating on Samsara (IOT – Research Report) today. The company's shares opened today at $32.77. Accord...

Samsara (IOT) Gets a Buy from TD Cowen

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