Samsara (NYSE:IOT - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.09), Zacks reports. Samsara had a negative net margin of 21.80% and a negative return on equity of 19.44%. Samsara updated its FY 2026 guidance to 0.320-0.340 EPS and its Q1 2026 guidance to 0.050-0.060 EPS.
NYSE:IOT traded down $1.74 during trading hours on Thursday, reaching $41.86. The company had a trading volume of 6,001,769 shares, compared to its average volume of 3,230,298. The firm's 50 day moving average price is $49.28 and its 200-day moving average price is $48.34. The firm has a market cap of $23.49 billion, a price-to-earnings ratio of -89.05 and a beta of 1.61. Samsara has a 52 week low of $27.14 and a 52 week high of $61.90.
A number of research analysts have recently commented on IOT shares. Royal Bank of Canada raised their target price on Samsara from $49.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. BMO Capital Markets boosted their target price on shares of Samsara from $44.00 to $57.00 and gave the company a "market perform" rating in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price target 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. Wells Fargo & Company boosted their price objective on shares of Samsara from $46.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Finally, Morgan Stanley lifted their target price on shares of Samsara from $40.00 to $52.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Samsara currently has a consensus rating of "Hold" and an average price target of $51.67.
View Our Latest Report on Samsara
In related news, insider Sanjit Biswas sold 145,392 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $44.27, for a total value of $6,436,503.84. Following the transaction, the insider now owns 120,000 shares of the company's stock, valued at approximately $5,312,400. This trade represents a 54.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the company's 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 disclosure for this sale can be found here. Insiders have sold a total of 1,389,912 shares of company stock worth $65,081,064 in the last ninety days. Insiders own 60.04% of the company's stock.
An institutional investor recently bought a new position in Samsara stock. Brighton Jones LLC acquired a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 308,168 shares of the company's stock, valued at approximately $13,464,000. Brighton Jones LLC owned 0.05% of Samsara at the end of the most recent quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.
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.
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