How to Buy Samsara Stock
Samsara Inc
Samsara is a software infrastructure company located in California, United States, which is part of the Technology sector, and is traded under the ticker IOT on the NYSE exchange.
Samsara stock last closed at $34.65, up 2.79% from the previous day, and has increased 63.14% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.49 percentage points. Samsara stock is currently +108.36% from its 52-week low of $16.63, and -14.53% from its 52-week high of $40.54.
At the moment, there are 550.52M shares of IOT outstanding. The market value of IOT is $19.08B. In the past 24 hours, 4.45M IOT shares were traded.
How to Buy Samsara Stock
Not sure how to invest in Samsara stock? Here's how.
- Decide where to buy Samsara stock: You need to pick an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Samsara stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Select your payment method and add your details.
- Evaluate Samsara stock: The Samsara ticker symbol is IOT. Is Samsara stock a good investment? Should you buy shares of IOT? How do IOT's underlying business fundamentals look? Do top analysts think Samsara is a good buy? Why has IOT's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if IOT is a good stock to buy).
- Make your IOT trade: Decide if you will purchase IOT shares at the current market price or use a limit order to buy IOT shares at a particular price.
- Get key alerts regarding your investment in IOT: Create a watchlist to monitor your new investment in Samsara stock.
Step 1: Decide where to buy Samsara stock
You need a brokerage account in order to access the NYSE market and buy IOT stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal info so you are able to invest in IOT today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new trading account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on investing apps, you can securely and quickly fund your account:
Watch the walkthrough below if you need help transferring money into your brokerage account.
Step 4: Evaluate Samsara stock
Once you have decided on the best place to buy Samsara stock, it's crucial to research their stock prior to buying, so you actually comprehend the risk as well as the upside.
Samsara quick stats
Samsara Due Diligence Checks
WallStreetZen was built to help part-time investors do more accurate fundamental analysis in less time.
You can view all of the due diligence checks on IOT's stock page.
Is IOT stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge IOT's true value.
Using relative valuations metrics:
- IOT could be overvalued based on its P/B ratio of 20.84x, relative to Software - Infrastructure industry P/B ratio of 11.8x
You can access additional valuation research on IOT's stock here.
IOT Financials at a glance
Passed Health Checks:
- IOT has $566.86M in cash and short term investments. This is enough to cover its annual cash burn of $22.77M.
- There are more short-term assets than short-term liabilities on the IOT balance sheet.
- IOT has cash burn of 22768000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the IOT balance sheet.
Failed Health Checks:
- IOT profit margin has gone up by 0.07 percentage points in the past year, but the company is still unprofitable.
- IOT has a relatively high debt to equity ratio of 0.9.
Do Wall Street analysts think it's a good time to buy Samsara stock
Out of 12 sell side analysts who research IOT, the consensus analyst rating on Samsara is a Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent IOT Analyst Ratings
Kirk Materne, a top 18% analyst from Evercore ISI Group maintains IOT with a hold rating and raises their IOT price target from $33.00 to $41.00, on Mar 8, 2024.
Joel Fishbein, a top 9% analyst from Truist Securities reiterates IOT with a hold rating and raises their IOT price target from $30.00 to $38.00, on Mar 8, 2024.
Michael Turrin, a top 33% analyst from Wells Fargo maintains IOT with a strong buy rating and raises their IOT price target from $34.00 to $42.00, on Mar 8, 2024.
James Fish, a top 21% analyst from Piper Sandler maintains IOT with a hold rating and raises their IOT price target from $33.00 to $41.00, on Mar 8, 2024.
Alexei Gogolev, a top 15% analyst from JP Morgan maintains IOT with a hold rating and raises their IOT price target from $27.00 to $30.00, on Dec 1, 2023.
You can dig deeper into what analysts are forecasting on the Samsara stock forecast page.
IOT Technicals
IOT Performance Numbers
Last year, IOT revenue was $937.39M. During the last 4 year, IOT's revenue has gone up by 67.23% per year. This was faster than the Software - Infrastructure industry average of 17.1%.
You can research IOT's earnings and revenue performance here.
Who is buying/selling IOT?
Over the past year, executives and large shareholders at IOT have sold more shares than they have bought.
John Bicket, Executive Vice President Chief Technology Officer of IOT, was the latest IOT insider to sell. They sold $1,820,023.49 worth of IOT stock on Apr 16, 2024.
Research more about who owns IOT stock here.
Can I rely on IOT as an income stream?
No, Samsara doesn't provide an income stream by paying out dividends.
IOT Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your IOT trade
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount limit, place a limit order.
Press the Open Trade button and your broker will execute your order.
If you need additional info about buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your investment in IOT
Now that you own some shares in IOT, you'll want to keep up with your new investment.
Make a watchlist to get notified of important updates regarding your IOT stock.
IOT Feed
How to Buy Stock in Samsara
To summarize, here are the 6 steps you need to take to buy Samsara stock right now:
- Decide where to buy Samsara stock
- Create a brokerage account
- Deposit funds into your brokerage account
- Evaluate Samsara stock
- Make your IOT trade
- Get key alerts regarding your investment in IOT
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your investment in Samsara, click below.
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