Samsara (NYSE:IOT) Issues FY25 Earnings Guidance

Samsara (NYSE:IOT) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $0.16-0.18 for the period, compared to the consensus EPS estimate of $0.13. The company issued revenue guidance of $1.224-1.228 billion, compared to the consensus revenue estimate of $1.21 billion. Samsara also updated its Q3 guidance to $0.03-0.04 EPS.

Samsara Price Performance

NYSE IOT traded up $0.09 during trading hours on Thursday, reaching $38.75. The company’s stock had a trading volume of 4,305,837 shares, compared to its average volume of 3,626,748. The firm has a fifty day simple moving average of $37.79 and a 200-day simple moving average of $35.94. Samsara has a 52 week low of $21.48 and a 52 week high of $42.49. The stock has a market cap of $21.34 billion, a P/E ratio of -77.50 and a beta of 1.49.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, June 6th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. The company had revenue of $280.73 million during the quarter, compared to analyst estimates of $272.51 million. On average, research analysts expect that Samsara will post -0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IOT. Wolfe Research reaffirmed an outperform rating and issued a $44.00 price target on shares of Samsara in a research note on Friday, June 28th. StockNews.com lowered shares of Samsara from a hold rating to a sell rating in a research report on Wednesday, August 21st. Loop Capital reaffirmed a buy rating and set a $42.00 target price on shares of Samsara in a report on Friday, June 28th. Evercore ISI decreased their target price on Samsara from $41.00 to $40.00 and set an in-line rating on the stock in a research report on Friday, June 7th. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $47.00 target price on shares of Samsara in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $37.83.

Insider Buying and Selling

In related news, insider Dominic Phillips sold 21,053 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 1,137,989 shares in the company, valued at approximately $34,697,284.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO James Andrew Munk sold 1,105 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $30.01, for a total value of $33,161.05. Following the sale, the chief accounting officer now directly owns 337,523 shares of the company’s stock, valued at $10,129,065.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dominic Phillips sold 21,053 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was 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 owns 1,137,989 shares of the company’s stock, valued at $34,697,284.61. The disclosure for this sale can be found here. Insiders have sold 1,801,854 shares of company stock valued at $64,479,185 in the last 90 days. 60.04% of the stock is owned by insiders.

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.