Samsara (NYSE:IOT) Issues FY 2025 Earnings Guidance

Samsara (NYSE:IOT) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 0.220-0.230 for the period, compared to the consensus EPS estimate of 0.170. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. Samsara also updated its Q4 guidance to $0.07-0.08 EPS.

Samsara Price Performance

Shares of NYSE IOT traded down $0.71 during midday trading on Thursday, reaching $55.13. 4,618,161 shares of the stock traded hands, compared to its average volume of 3,512,399. The company’s 50 day moving average is $50.35 and its 200 day moving average is $42.33. Samsara has a one year low of $27.14 and a one year high of $57.51. The stock has a market capitalization of $30.67 billion, a PE ratio of -114.85 and a beta of 1.53.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $300.20 million for the quarter, compared to the consensus estimate of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The business’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) EPS. As a group, equities analysts forecast that Samsara will post -0.34 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on IOT shares. Evercore ISI lifted their price objective on shares of Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research note on Friday, September 6th. BMO Capital Markets upped their price target on shares of Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a report on Friday, September 6th. Piper Sandler boosted their target price on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Craig Hallum initiated coverage on Samsara in a report on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target on the stock. Finally, Loop Capital boosted their price objective on Samsara from $46.00 to $63.00 and gave the company a “buy” rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.71.

Insider Buying and Selling

In related news, major shareholder Sanjit Biswas sold 83,333 shares of Samsara stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $53.81, for a total value of $4,484,148.73. Following the sale, the insider now directly owns 19,200 shares in the company, valued at approximately $1,033,152. The trade was a 81.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Eltoukhy sold 12,500 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $45.00, for a total value of $562,500.00. Following the transaction, the insider now directly owns 465,967 shares of the company’s stock, valued at $20,968,515. The trade was a 2.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,885,800 shares of company stock valued at $92,314,743. Corporate insiders own 60.04% of the company’s stock.

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.