Samsara (IOT) Projected to Post Quarterly Earnings on Thursday

Samsara (NYSE:IOT) is anticipated to announce its earnings results 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. Investors that wish to listen to the company’s conference call can do so using this link.

Samsara Trading Down 3.6 %

NYSE:IOT opened at $44.18 on Wednesday. Samsara has a 1-year low of $27.14 and a 1-year high of $61.90. The business’s 50-day moving average price is $49.32 and its two-hundred day moving average price is $48.37. The firm has a market capitalization of $24.80 billion, a price-to-earnings ratio of -94.01 and a beta of 1.61.

Insider Buying and Selling

In other Samsara news, major shareholder Parallel Fund Iv L.P. Ah sold 112,380 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $45.92, for a total value of $5,160,489.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sanjit Biswas sold 48,884 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $45.36, for a total value of $2,217,378.24. Following the completion of the transaction, the insider now owns 2,007,964 shares of the company’s stock, valued at approximately $91,081,247.04. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,244,520 shares of company stock worth $58,644,560. 60.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Samsara stock. Brighton Jones LLC bought a new position in shares of Samsara Inc. (NYSE:IOT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 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. 96.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IOT. BMO Capital Markets raised their price target on Samsara from $44.00 to $57.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Raymond James began coverage on Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating on the stock. StockNews.com raised Samsara from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. raised their price target on Samsara from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Berenberg Bank began coverage on Samsara in a research report on Monday, February 3rd. They set a “hold” rating and a $57.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.67.

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.