Samsara (IOT) to Release Earnings on Thursday

Samsara (NYSE:IOT) is expected to release its earnings data after the market closes on Thursday, March 6th. Analysts expect Samsara to post earnings of $0.07 per share and revenue of $335.35 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Samsara Stock Performance

NYSE:IOT opened at $45.81 on Tuesday. Samsara has a 52 week low of $27.14 and a 52 week high of $61.90. The firm has a market cap of $25.71 billion, a price-to-earnings ratio of -97.47 and a beta of 1.61. The firm’s 50-day simple moving average is $49.35 and its 200 day simple moving average is $48.33.

Insider Activity

In related news, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of Samsara stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $45.92, for a total transaction of $5,160,489.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sanjit Biswas sold 48,884 shares of Samsara stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $45.36, for a total transaction of $2,217,378.24. Following the sale, the insider now owns 2,007,964 shares in the company, valued at approximately $91,081,247.04. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,244,520 shares of company stock worth $58,644,560. Corporate insiders own 60.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IOT. Wells Fargo & Company raised their price target on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Raymond James initiated coverage on shares of Samsara in a research note on Wednesday, February 26th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. increased their price objective on shares of Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada increased their price objective on shares of Samsara from $49.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Samsara presently has a consensus rating of “Hold” and a consensus target price of $51.67.

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.