Samsara (IOT) Projected to Post Earnings on Thursday

Samsara (NYSE:IOT - Get Free Report) is anticipated to announce its Q1 2026 earnings results after the market closes on Thursday, June 5th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $351.44 million for the quarter.

Samsara Trading Up 1.7%

NYSE IOT traded up $0.80 on Friday, reaching $46.58. 6,666,624 shares of the company were exchanged, compared to its average volume of 3,732,529. The business's fifty day moving average price is $40.91 and its 200 day moving average price is $45.53. The stock has a market capitalization of $26.52 billion, a P/E ratio of -99.11 and a beta of 1.70. Samsara has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

Insiders Place Their Bets

In related news, insider Sanjit Biswas sold 42,526 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $46.23, for a total value of $1,965,976.98. Following the sale, the insider now owns 858,789 shares in the company, valued at approximately $39,701,815.47. The trade was a 4.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Bicket sold 54,148 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $47.33, for a total value of $2,562,824.84. Following the transaction, the insider now owns 90,000 shares of the company's stock, valued at $4,259,700. This trade represents a 37.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,442,089 shares of company stock worth $57,323,475 over the last ninety days. Corporate insiders own 60.04% of the company's stock.

Institutional Investors Weigh In On Samsara

Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its position in Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company's stock valued at $390,000 after buying an additional 335 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Samsara by 2,444.6% in the first quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company's stock valued at $682,000 after acquiring an additional 17,088 shares in the last quarter. Royal Bank of Canada boosted its holdings in Samsara by 100.3% in the first quarter. Royal Bank of Canada now owns 96,142 shares of the company's stock valued at $3,686,000 after purchasing an additional 48,135 shares during the period. Finally, Brighton Jones LLC acquired a new position in Samsara during the 4th quarter worth $13,464,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a report on Friday. Truist Financial reduced their target price on shares of Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Berenberg Bank started coverage on shares of Samsara in a report on Monday, February 3rd. They issued a "hold" rating and a $57.00 target price on the stock. BMO Capital Markets upgraded shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 price target for the company in a report on Monday, March 10th. Finally, Craig Hallum reaffirmed a "hold" rating on shares of Samsara in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $49.47.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.