From Yahoo Finance: 2025-06-07 15:08:00

Samsara Inc. (NYSE:IOT) took a nosedive on Friday, dropping 4.55% to $45.10 per share after its CEO and another shareholder sold significant stakes in the company totaling $160,000 and $170,000, respectively.

The company reported a 60.7% decrease in net losses to $22 million in the first quarter of fiscal year 2026, with revenues increasing by 30.69% to $366.88 million year-on-year.

Samsara Inc. (NYSE:IOT) forecasts higher revenues for the second quarter and full fiscal year of 2026, estimating revenues of $371 million to $373 million for Q2 and $1.547 billion to $1.555 billion for the full year.

Despite its recent performance, IOT ranks 7th among Friday’s worst-performing stocks. While there is potential in IOT as an investment, other AI stocks may offer higher returns with less downside risk. If interested in an undervalued AI stock benefiting from tariffs, check out the free report.

Read more: Why Samsara Inc. (IOT) Crashed On Friday