Samsara (NYSE:IOT) Releases Earnings Results, Beats Estimates By $0.05 EPS

Samsara (NYSE:IOT - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.05, Briefing.com reports. Samsara had a negative return on equity of 19.44% and a negative net margin of 21.80%. The company had revenue of $366.88 million during the quarter, compared to analysts' expectations of $351.44 million. During the same quarter in the previous year, the business earned $0.03 EPS. Samsara's revenue was up 30.7% compared to the same quarter last year. Samsara updated its FY 2026 guidance to 0.390-0.410 EPS and its Q2 2026 guidance to 0.060-0.070 EPS.

Samsara Trading Down 4.3%

Shares of IOT traded down $2.04 during trading hours on Friday, hitting $45.21. The company had a trading volume of 14,848,818 shares, compared to its average volume of 3,781,795. The company has a market capitalization of $25.74 billion, a PE ratio of -96.19 and a beta of 1.74. Samsara has a one year low of $27.14 and a one year high of $61.90. The company's fifty day moving average price is $41.58 and its two-hundred day moving average price is $45.42.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IOT. Wells Fargo & Company boosted their price objective on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday. Morgan Stanley lowered their target price on Samsara from $56.00 to $50.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Wall Street Zen cut Samsara from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Cowen reiterated a "buy" rating on shares of Samsara in a report on Friday, March 7th. Finally, Raymond James started coverage on Samsara in a report on Wednesday, February 26th. They issued a "market perform" rating for the company. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $50.00.

Insider Transactions at Samsara

In other news, insider Sanjit Biswas sold 23,605 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $46.38, for a total value of $1,094,799.90. Following the completion of the transaction, the insider now directly owns 731,789 shares of the company's stock, valued at approximately $33,940,373.82. The trade was a 3.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam Eltoukhy sold 3,903 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $34.07, for a total value of $132,975.21. Following the completion of the transaction, the insider now directly owns 320,936 shares of the company's stock, valued at approximately $10,934,289.52. The trade was a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,595,655 shares of company stock valued at $64,985,532. Corporate insiders own 60.04% of the company's stock.

Institutional Inflows and Outflows

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

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.