Samsara (IOT) to Release Earnings on Thursday

Samsara (NYSE:IOT) is projected 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 that are interested in participating in the company’s earnings conference call can do so using this link.

Samsara Price Performance

Shares of IOT opened at $50.11 on Thursday. The business has a 50-day moving average of $49.18 and a 200-day moving average of $48.11. The company has a market capitalization of $28.12 billion, a price-to-earnings ratio of -106.62 and a beta of 1.61. Samsara has a 1 year low of $27.14 and a 1 year high of $61.90.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IOT. Piper Sandler raised their price objective on shares of Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Loop Capital upped their price objective on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, December 5th. BMO Capital Markets raised their target price on Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Truist Financial increased their price target on Samsara from $40.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.67.

Insider Activity at Samsara

In other Samsara news, insider Sanjit Biswas sold 56,474 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $43.33, for a total value of $2,447,018.42. Following the completion of the sale, the insider now directly owns 116,257 shares of the company’s stock, valued at $5,037,415.81. This trade represents a 32.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Adam Eltoukhy sold 23,960 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $43.81, for a total value of $1,049,687.60. Following the completion of the transaction, the insider now directly owns 331,106 shares of the company’s stock, valued at $14,505,753.86. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,292,355 shares of company stock valued at $61,771,186 over the last 90 days. Insiders own 60.04% of the company’s stock.

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.