Samsara Inc.

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.”

If you purchased Samsara securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

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.

Follow us on:
Company Name: Samsara Inc.
Stock Symbol: IOT
Class Period: N/A
Court: N/A

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

Scroll to Top