Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Samsara Inc. (NYSE: IOT) resulting from allegations that Samsara may have issued materially misleading business information to the investing public.
If you purchased Samsara securities and would like to join the prospective action, please click “Join This Class Action.”
On September 21, 2023, before the market opened, market analyst Spruce Point Capital Management, LLC released a report entitled “The Accounting for Things”, which, among other things, alleged that Samsara is overstating its gross and EBITDA margins, in addition to other accounting issues.
On this news, Samsara shares fell $1.67 per share, or 6%, to close at $23.55 per share on September 21, 2023.
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