Samsara (NYSE:IOT – Get Free Report) posted its earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04, Briefing.com reports. Samsara had a negative return on equity of 21.66% and a negative net margin of 27.14%. The company had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.53 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The company’s revenue was up 36.9% on a year-over-year basis.
Samsara Price Performance
IOT stock opened at $38.77 on Friday. The stock has a market cap of $21.35 billion, a price-to-earnings ratio of -77.54 and a beta of 1.49. The company has a 50 day simple moving average of $37.91 and a 200 day simple moving average of $35.96. Samsara has a 1 year low of $21.48 and a 1 year high of $42.49.
Insider Buying and Selling at Samsara
In other news, insider Dominic Phillips sold 21,053 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $30.49, for a total transaction of $641,905.97. Following the completion of the transaction, the insider now directly owns 1,137,989 shares in the company, valued at $34,697,284.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Samsara news, insider Dominic Phillips sold 21,053 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $30.49, for a total value of $641,905.97. Following the completion of the transaction, the insider now owns 1,137,989 shares of the company’s stock, valued at approximately $34,697,284.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Adam Eltoukhy sold 9,471 shares of Samsara stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $37.79, for a total value of $357,909.09. Following the sale, the insider now directly owns 465,967 shares in the company, valued at $17,608,892.93. The disclosure for this sale can be found here. Insiders have sold 1,801,854 shares of company stock worth $64,479,185 over the last quarter. Corporate insiders own 60.04% of the company’s stock.
Analyst Ratings Changes
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.
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