Samsara (NYSE:IOT) Trading Up 16.1% After Strong Earnings

Samsara Inc. (NYSE:IOT)’s stock price traded up 16.1% during mid-day trading on Friday following a better than expected earnings announcement. The company traded as high as $46.30 and last traded at $47.2450. 2,698,153 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 4,873,886 shares. The stock had previously closed at $40.71.

The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $415.98 million for the quarter, compared to the consensus estimate of $398.92 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The company’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IOT. Royal Bank Of Canada lifted their price objective on shares of Samsara from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Friday. Truist Financial lifted their price target on shares of Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, September 5th. Cowen reissued a “buy” rating on shares of Samsara in a research report on Friday. Bank of America increased their price objective on shares of Samsara from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Zacks Research downgraded Samsara from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.73.

Insider Buying and Selling at Samsara

In other news, insider Sanjit Biswas sold 14,152 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $38.10, for a total transaction of $539,191.20. Following the sale, the insider directly owned 44,952 shares of the company’s stock, valued at approximately $1,712,671.20. This represents a 23.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Eltoukhy sold 4,767 shares of Samsara stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $36.04, for a total transaction of $171,802.68. Following the completion of the transaction, the insider directly owned 302,698 shares in the company, valued at $10,909,235.92. This trade represents a 1.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,730,107 shares of company stock valued at $143,045,198 in the last quarter. 46.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IOT. Gerber Kawasaki Wealth & Investment Management grew its position in Samsara by 0.5% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 54,000 shares of the company’s stock worth $2,070,000 after acquiring an additional 250 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Samsara by 2.0% during the third quarter. Lazard Asset Management LLC now owns 13,971 shares of the company’s stock worth $520,000 after purchasing an additional 279 shares during the last quarter. KLP Kapitalforvaltning AS increased its stake in shares of Samsara by 0.3% in the third quarter. KLP Kapitalforvaltning AS now owns 113,900 shares of the company’s stock valued at $4,243,000 after buying an additional 300 shares during the period. Jefferies Financial Group Inc. raised its holdings in Samsara by 1.6% in the 3rd quarter. Jefferies Financial Group Inc. now owns 20,995 shares of the company’s stock valued at $782,000 after buying an additional 322 shares during the last quarter. Finally, Cim LLC boosted its position in Samsara by 1.0% during the 3rd quarter. Cim LLC now owns 32,700 shares of the company’s stock worth $1,218,000 after buying an additional 326 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Samsara Stock Performance

The stock’s fifty day simple moving average is $38.31 and its two-hundred day simple moving average is $38.83. The stock has a market capitalization of $27.08 billion, a P/E ratio of -295.28 and a beta of 1.61.

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.