Samsara (IOT) Set to Announce Quarterly Earnings on Thursday

Samsara (NYSE:IOT) is set to issue its quarterly earnings data after the market closes on Thursday, December 5th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping 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 firm had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The firm’s revenue was up 36.9% on a year-over-year basis. 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 %

Shares of IOT stock opened at $54.63 on Wednesday. Samsara has a 12 month low of $27.14 and a 12 month high of $57.51. The business’s 50 day moving average is $50.09 and its two-hundred day moving average is $42.14. The company has a market cap of $30.39 billion, a PE ratio of -113.81 and a beta of 1.53.

Insider Buying and Selling

In other Samsara news, CAO James Andrew Munk sold 1,093 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total transaction of $51,709.83. Following the transaction, the chief accounting officer now owns 319,667 shares in the company, valued at approximately $15,123,445.77. This trade represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjit Biswas sold 75,594 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $55.89, for a total value of $4,224,948.66. Following the transaction, the chief executive officer now owns 120,292 shares in the company, valued at approximately $6,723,119.88. This trade represents a 38.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,623,376 shares of company stock worth $78,007,468 over the last three months. 60.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

IOT has been the topic of several analyst reports. Royal Bank of Canada increased their price target on Samsara from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Evercore ISI increased their price objective on Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a research report on Friday, September 6th. Craig Hallum began coverage on Samsara in a research report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price objective for the company. Loop Capital increased their price objective on Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Piper Sandler increased their price objective on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Samsara has a consensus rating of “Hold” and an average target price of $46.43.

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.