Samsara (NYSE:IOT) Shares Gap Up on Strong Earnings

Samsara Inc. (NYSE:IOT) shares gapped up prior to trading on Friday following a better than expected earnings announcement. The stock had previously closed at $35.84, but opened at $40.39. Samsara shares last traded at $42.47, with a volume of 5,982,701 shares.

The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $391.48 million during the quarter, compared to the consensus estimate of $372.22 million. Samsara had a negative return on equity of 7.80% and a negative net margin of 6.16%.The firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 earnings per share. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Samsara from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Wall Street Zen cut Samsara from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Evercore ISI set a $45.00 target price on Samsara in a research note on Wednesday, June 25th. Wells Fargo & Company increased their target price on Samsara from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, June 6th. Finally, BMO Capital Markets lowered their target price on Samsara from $54.00 to $47.00 and set an “outperform” rating for the company in a research note on Friday. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.15.

Insider Buying and Selling

In other news, insider John Bicket sold 170,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $39.42, for a total value of $6,701,400.00. Following the completion of the sale, the insider directly owned 367,642 shares of the company’s stock, valued at $14,492,447.64. This trade represents a 31.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Marc L. Andreessen sold 399,026 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total value of $16,491,744.58. The disclosure for this sale can be found here. Insiders have sold 2,910,783 shares of company stock valued at $111,188,818 in the last ninety days. 46.49% of the stock is owned by company insiders.

Institutional Trading of Samsara

Hedge funds have recently added to or reduced their stakes in the company. Keystone Financial Group Inc. lifted its holdings in Samsara by 300.0% during the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company’s stock worth $25,000 after purchasing an additional 450 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Samsara in the 2nd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Samsara in the 1st quarter valued at $31,000. Fourth Dimension Wealth LLC bought a new position in shares of Samsara in the 4th quarter valued at $38,000. Finally, Family Legacy Financial Solutions LLC bought a new position in shares of Samsara in the 2nd quarter valued at $40,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Samsara Trading Up 17.6%

The company has a market cap of $24.00 billion, a P/E ratio of -263.49 and a beta of 1.61. The company has a 50 day moving average price of $36.67 and a 200-day moving average price of $39.99.

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.