Samsara (NYSE:IOT) Updates 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 0.160-0.180 for the period, compared to the consensus EPS estimate of 0.130. 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 FY25 guidance to $0.16-0.18 EPS.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IOT. Wolfe Research reiterated an outperform rating and set a $44.00 price objective on shares of Samsara in a research note on Friday, June 28th. Piper Sandler increased their price target on Samsara from $36.00 to $40.00 and gave the company a neutral rating in a report on Friday. Bank of America boosted their price objective on Samsara from $45.00 to $47.00 and gave the stock a buy rating in a research note on Friday. BMO Capital Markets increased their target price on Samsara from $40.00 to $44.00 and gave the company a market perform rating in a research note on Friday. Finally, Wells Fargo & Company boosted their price target on Samsara from $42.00 to $46.00 and gave the stock an overweight rating in a research report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $40.75.

Samsara Price Performance

IOT traded up $5.31 during trading on Friday, reaching $44.06. 2,248,215 shares of the stock traded hands, compared to its average volume of 3,620,066. Samsara has a fifty-two week low of $21.48 and a fifty-two week high of $45.19. The stock’s 50-day simple moving average is $37.91 and its two-hundred day simple moving average is $35.96. The stock has a market cap of $24.27 billion, a price-to-earnings ratio of -86.92 and a beta of 1.49.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The business had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.53 million. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. Samsara’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) EPS. Research analysts anticipate that Samsara will post -0.39 earnings per share for the current fiscal year.

Insider Activity at Samsara

In related news, insider Adam Eltoukhy sold 9,471 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $37.79, for a total transaction of $357,909.09. Following the completion of the sale, the insider now owns 465,967 shares in the company, valued at approximately $17,608,892.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Adam Eltoukhy sold 9,471 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $37.79, for a total transaction of $357,909.09. Following the sale, the insider now owns 465,967 shares in the company, valued at $17,608,892.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marc L. Andreessen sold 277,484 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $28.88, for a total transaction of $8,013,737.92. The disclosure for this sale can be found here. Insiders have sold a total of 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 corporate 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.