Press release
Investigation announced for Investors in shares of Samsara Inc. (NYSE: IOT) over possible Violations of Securities Laws
An investigation for investors in Samsara Inc. (NYSE: IOT) shares over potential securities laws violations by Samsara Inc.
Investors who purchased shares of Samsara Inc. (NYSE: IOT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Samsara Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based Samsara Inc. provides solutions that connect physical operations data to its Connected Operations Cloud in the United States and internationally. On September 21, 2023, before the market opened, the investment firm Spruce Point Capital Management, LLC released a report entitled "The Accounting for Things" (the "Report"), which outlined why it believes the price of Samsara stock will decline. Among other things, the Report alleged that Samsara is overstating its gross and EBITDA margins, in addition to other accounting issues.
Shares of Samsara Inc. (NYSE: IOT) declined from $32.41 per share on September 06, 2023, to as low as $22.70 per share on September 25, 2022.
Those who purchased shares of Samsara Inc. (NYSE: IOT) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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