Samsara (NYSE:IOT) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Samsara (NYSE:IOT) posted its quarterly earnings results on Thursday. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04, FiscalAI reports. The business had revenue of $478.84 million during the quarter, compared to analysts’ expectations of $455.21 million. Samsara had a negative return on equity of 0.72% and a negative net margin of 0.56%.

Samsara Stock Down 2.9%

NYSE IOT traded down $1.05 during mid-day trading on Thursday, hitting $35.29. The stock had a trading volume of 10,463,356 shares, compared to its average volume of 7,396,112. Samsara has a 52-week low of $23.38 and a 52-week high of $48.40. The company has a market cap of $20.49 billion, a price-to-earnings ratio of -1,763.47, a P/E/G ratio of 11.12 and a beta of 1.34. The company has a 50 day simple moving average of $30.53 and a 200 day simple moving average of $32.46.

Insider Activity at Samsara

In other Samsara news, insider John Bicket sold 168,227 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $28.58, for a total transaction of $4,807,927.66. Following the sale, the insider owned 15,200 shares in the company, valued at approximately $434,416. This represents a 91.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjit Biswas sold 168,272 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $28.58, for a total value of $4,809,213.76. Following the sale, the insider owned 15,200 shares in the company, valued at approximately $434,416. This trade represents a 91.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,700,139 shares of company stock valued at $79,212,871 over the last ninety days. 35.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Samsara

Large investors have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in Samsara during the 4th quarter valued at $13,464,000. Virtue Capital Management LLC acquired a new stake in Samsara during the 4th quarter valued at $241,000. Voleon Capital Management LP acquired a new stake in Samsara during the 3rd quarter valued at $219,000. Principal Securities Inc. grew its holdings in Samsara by 44.4% during the 4th quarter. Principal Securities Inc. now owns 6,097 shares of the company’s stock valued at $216,000 after buying an additional 1,874 shares during the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new stake in Samsara during the 4th quarter valued at $205,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. TD Cowen reissued a “buy” rating on shares of Samsara in a report on Friday, May 22nd. Truist Financial reduced their price target on Samsara from $39.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, February 17th. Wells Fargo & Company raised their price objective on Samsara from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Zacks Research downgraded Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised Samsara from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.18.

Samsara Company Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.