Samsara (IOT) Expected to Announce Earnings on Thursday

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

Samsara Trading Up 0.2 %

IOT stock opened at $50.11 on Thursday. The stock has a 50-day moving average price of $49.18 and a two-hundred day moving average price of $48.11. Samsara has a 1 year low of $27.14 and a 1 year high of $61.90. The stock has a market cap of $28.12 billion, a PE ratio of -106.62 and a beta of 1.61.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on IOT shares. Piper Sandler increased their price objective on Samsara from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. 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 note on Friday, December 6th. BMO Capital Markets boosted their price objective on shares of Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Loop Capital raised their target price on shares of Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Truist Financial lifted their price target on shares of Samsara from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.67.

Insider Buying and Selling

In related news, insider Sanjit Biswas sold 13,086 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $55.75, for a total value of $729,544.50. Following the completion of the transaction, the insider now owns 1,571,848 shares of the company’s stock, valued at $87,630,526. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Eltoukhy sold 9,043 shares of Samsara stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $53.88, for a total transaction of $487,236.84. Following the completion of the transaction, the insider now directly owns 331,106 shares in the company, valued at $17,839,991.28. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,292,355 shares of company stock worth $61,771,186. Company insiders own 60.04% of the company’s stock.

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.