Samsara (NYSE:IOT) Shares Up 16.1% on Strong Earnings

Samsara Inc. (NYSE:IOT) was up 16.1% on Friday following a better than expected earnings announcement. The company traded as high as $46.30 and last traded at $47.2450. Approximately 2,698,153 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 4,873,886 shares. The stock had previously closed at $40.71.

The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $415.98 million during the quarter, compared to analysts’ expectations of $398.92 million. Samsara had a negative return on equity of 3.61% and a negative net margin of 2.79%.The firm’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 EPS. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IOT. Wall Street Zen lowered Samsara from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Craig Hallum raised shares of Samsara from a “hold” rating to a “buy” rating and upped their price objective for the company from $42.00 to $48.00 in a report on Friday, September 5th. Morgan Stanley increased their price objective on shares of Samsara from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, September 8th. Cowen reissued a “buy” rating on shares of Samsara in a report on Friday. Finally, BMO Capital Markets boosted their target price on shares of Samsara from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday. Nine analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

Insider Activity

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total value of $30,582,910.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sanjit Biswas sold 160,000 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $38.36, for a total transaction of $6,137,600.00. Following the sale, the insider directly owned 36,000 shares in the company, valued at $1,380,960. This trade represents a 81.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,730,107 shares of company stock valued at $143,045,198 in the last quarter. Company insiders own 46.49% of the company’s stock.

Hedge Funds Weigh In On Samsara

Institutional investors and hedge funds have recently modified their holdings of the business. Catalyst Capital Advisors LLC purchased a new position in Samsara during the second quarter worth approximately $28,000. Versant Capital Management Inc lifted its position in shares of Samsara by 6,078.6% during the 3rd quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock valued at $32,000 after buying an additional 851 shares in the last quarter. AlphaQuest LLC grew its stake in Samsara by 519.6% in the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock valued at $40,000 after acquiring an additional 873 shares during the period. Family Legacy Financial Solutions LLC acquired a new stake in Samsara in the 2nd quarter valued at $40,000. Finally, Whipplewood Advisors LLC increased its holdings in Samsara by 349.8% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,093 shares of the company’s stock worth $43,000 after acquiring an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara Stock Up 11.3%

The company has a market capitalization of $25.99 billion, a price-to-earnings ratio of -566.38 and a beta of 1.61. The stock’s 50-day simple moving average is $38.46 and its two-hundred day simple moving average is $38.76.

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.