Samsara (NYSE:IOT) Releases Earnings Results, Beats Estimates By $0.03 EPS

Samsara (NYSE:IOT) posted its earnings results on Thursday. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03, FiscalAI reports. The company had revenue of $415.98 million during the quarter, compared to analysts’ expectations of $398.92 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. Samsara’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period last year, the company posted $0.07 earnings per share. Samsara updated its FY 2026 guidance to 0.500-0.500 EPS and its Q4 2026 guidance to 0.120-0.130 EPS.

Samsara Stock Up 4.4%

IOT stock opened at $40.73 on Friday. Samsara has a twelve month low of $31.40 and a twelve month high of $61.90. The stock has a market capitalization of $23.36 billion, a price-to-earnings ratio of -254.56 and a beta of 1.61. The firm’s fifty day simple moving average is $38.31 and its two-hundred day simple moving average is $38.83.

Wall Street Analyst Weigh In

Several research firms have weighed in on IOT. Craig Hallum upgraded Samsara from a “hold” rating to a “buy” rating and raised their price target for the company from $42.00 to $48.00 in a report on Friday, September 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Samsara in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Samsara from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Truist Financial upped their price target on shares of Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, September 5th. Finally, Evercore ISI set a $50.00 price objective on shares of Samsara and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $48.40.

Insider Activity

In related news, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total transaction of $30,582,910.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 36,000 shares of the company’s stock, valued at approximately $1,380,960. The trade was a 81.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,730,107 shares of company stock valued at $143,045,198 in the last quarter. 46.49% of the stock is currently owned by company insiders.

Institutional Trading of Samsara

A number of hedge funds and other institutional investors have recently bought and sold shares of IOT. State Street Corp lifted its position in shares of Samsara by 107.8% during the second quarter. State Street Corp now owns 5,611,956 shares of the company’s stock worth $223,244,000 after purchasing an additional 2,910,916 shares during the last quarter. Wellington Management Group LLP increased its stake in Samsara by 363.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,181,099 shares of the company’s stock worth $118,496,000 after buying an additional 2,494,368 shares during the period. Soma Equity Partners LP bought a new stake in Samsara during the 3rd quarter valued at about $52,672,000. Freestone Grove Partners LP boosted its position in Samsara by 435.6% in the 3rd quarter. Freestone Grove Partners LP now owns 1,401,983 shares of the company’s stock valued at $52,224,000 after buying an additional 1,140,227 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in Samsara by 3,507.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 717,810 shares of the company’s stock worth $28,554,000 after acquiring an additional 697,910 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.