Samsara (NYSE:IOT) Issues FY25 Earnings Guidance

Samsara (NYSE:IOT) updated its FY25 earnings guidance on Thursday. The company provided earnings per share guidance of $0.16-0.18 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wolfe Research reissued an outperform rating and issued a $44.00 price objective on shares of Samsara in a research report on Friday, June 28th. Bank of America boosted their price objective on shares of Samsara from $42.00 to $45.00 and gave the company a buy rating in a research note on Friday, August 30th. Piper Sandler reaffirmed a neutral rating and issued a $36.00 price target on shares of Samsara in a report on Friday, June 28th. BMO Capital Markets restated a market perform rating and issued a $40.00 target price on shares of Samsara in a report on Tuesday, June 11th. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a $47.00 price target on shares of Samsara in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $37.83.

Samsara Stock Up 0.2 %

IOT traded up $0.09 during trading 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 two-hundred day simple moving average of $35.94. The company has a market cap of $21.34 billion, a price-to-earnings ratio of -77.50 and a beta of 1.49. Samsara has a 1 year low of $21.48 and a 1 year high of $42.49.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, June 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $280.73 million for the quarter, compared to analysts’ expectations of $272.51 million. Samsara had a negative return on equity of 21.66% and a negative net margin of 27.14%. As a group, equities analysts forecast that Samsara will post -0.39 EPS for the current fiscal year.

Insider Transactions at Samsara

In related news, Director Marc L. Andreessen sold 277,484 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $28.88, for a total transaction of $8,013,737.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Marc L. Andreessen sold 277,484 shares of Samsara stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $28.88, for a total transaction of $8,013,737.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sanjit Biswas sold 93,107 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $39.92, for a total transaction of $3,716,831.44. Following the completion of the transaction, the chief executive officer now owns 76,800 shares in the company, valued at $3,065,856. The disclosure for this sale can be found here. Insiders sold a total of 1,801,854 shares of company stock worth $64,479,185 in the last ninety days. Insiders own 60.04% 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.