Samsara (NYSE:IOT) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Samsara (NYSE:IOT) posted its quarterly earnings results on Thursday. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05, Briefing.com reports. The company had revenue of $366.88 million during the quarter, compared to analysts’ expectations of $351.44 million. Samsara had a negative return on equity of 19.44% and a negative net margin of 21.80%. Samsara’s revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 EPS. Samsara updated its FY 2026 guidance to 0.390-0.410 EPS and its Q2 2026 guidance to 0.060-0.070 EPS.

Samsara Stock Performance

IOT stock opened at $45.21 on Friday. The stock has a fifty day moving average of $41.58 and a 200-day moving average of $45.42. The company has a market capitalization of $25.74 billion, a price-to-earnings ratio of -96.19 and a beta of 1.74. Samsara has a fifty-two week low of $27.14 and a fifty-two week high of $61.90.

Insider Buying and Selling

In other news, insider Adam Eltoukhy sold 3,903 shares of Samsara stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $34.07, for a total transaction of $132,975.21. Following the completion of the sale, the insider now owns 320,936 shares in the company, valued at approximately $10,934,289.52. This trade represents a 1.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 292,931 shares of Samsara stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.19, for a total transaction of $10,015,310.89. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,595,655 shares of company stock valued at $64,985,532. Company insiders own 60.04% of the company’s stock.

Institutional Investors Weigh In On Samsara

Hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC lifted its holdings in shares of Samsara by 3.4% during the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after acquiring an additional 335 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Samsara by 2,444.6% during the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock worth $682,000 after acquiring an additional 17,088 shares during the last quarter. Royal Bank of Canada lifted its stake in Samsara by 100.3% during the first quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock worth $3,686,000 after purchasing an additional 48,135 shares during the last quarter. Finally, Brighton Jones LLC bought a new stake in Samsara during the fourth quarter worth about $13,464,000. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IOT has been the subject of a number of recent research reports. Cowen reaffirmed a “buy” rating on shares of Samsara in a report on Friday, March 7th. Raymond James began coverage on shares of Samsara in a research report on Wednesday, February 26th. They set a “market perform” rating for the company. Wall Street Zen downgraded Samsara from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Craig Hallum reissued a “hold” rating on shares of Samsara in a research report on Friday, March 7th. Finally, Truist Financial reduced their target price on shares of Samsara from $50.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Samsara currently has an average rating of “Moderate Buy” and an average price target of $50.00.

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.