Samsara (IOT) Set to Announce Earnings on Thursday

Samsara (NYSE:IOT) will be posting its quarterly earnings results after the market closes on Thursday, December 5th. Analysts expect Samsara to post earnings of $0.04 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The business had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. During the same period in the prior year, the business earned ($0.11) earnings per share. The business’s revenue was up 36.9% compared to the same quarter last year. On average, analysts expect Samsara to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Samsara Stock Up 1.8 %

IOT opened at $54.63 on Wednesday. The firm has a market cap of $30.39 billion, a P/E ratio of -113.81 and a beta of 1.53. Samsara has a 52 week low of $27.14 and a 52 week high of $57.51. The business has a fifty day simple moving average of $50.09 and a 200-day simple moving average of $42.14.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IOT shares. BMO Capital Markets raised their price objective on Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a report on Friday, September 6th. Piper Sandler raised their price target on Samsara from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Craig Hallum began coverage on Samsara in a report on Tuesday, October 22nd. They set a “hold” rating and a $48.00 price target on the stock. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company raised their price target on Samsara from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Samsara presently has a consensus rating of “Hold” and an average target price of $46.43.

Insider Activity

In related news, insider Adam Eltoukhy sold 12,500 shares of Samsara stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $45.00, for a total transaction of $562,500.00. Following the sale, the insider now directly owns 465,967 shares in the company, valued at $20,968,515. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjit Biswas sold 96,000 shares of Samsara stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $46.88, for a total transaction of $4,500,480.00. Following the sale, the chief executive officer now owns 698,299 shares in the company, valued at approximately $32,736,257.12. This represents a 12.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,623,376 shares of company stock worth $78,007,468. 60.04% of the stock is currently owned by corporate insiders.

Samsara Company Profile

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.