Samsara (NYSE:IOT) Issues FY25 Earnings Guidance

Samsara (NYSE:IOTGet Free Report) issued an update on its FY25 earnings guidance on Thursday morning. 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 FY 2025 guidance to 0.160-0.180 EPS.

Analysts Set New Price Targets

A number of research analysts have recently commented on IOT shares. Wells Fargo & Company increased their target price on Samsara from $42.00 to $46.00 and gave the company an overweight rating in a research report on Friday. StockNews.com raised shares of Samsara from a sell rating to a hold rating in a research note on Friday. TD Cowen increased their price target on shares of Samsara from $45.00 to $46.00 and gave the company a buy rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on Samsara from $37.00 to $40.00 and gave the stock a neutral rating in a research note on Friday. Finally, Evercore ISI raised their price objective on Samsara from $40.00 to $42.00 and gave the company an in-line rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $42.07.

Read Our Latest Analysis on IOT

Samsara Trading Up 13.6 %

Shares of IOT opened at $44.02 on Friday. The firm has a fifty day moving average price of $38.12 and a 200-day moving average price of $36.05. The firm has a market capitalization of $24.25 billion, a P/E ratio of -88.04 and a beta of 1.50. Samsara has a 12-month low of $21.48 and a 12-month high of $45.43.

Samsara (NYSE:IOTGet Free Report) last issued its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. The company’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period last year, the company posted ($0.11) earnings per share. Analysts predict that Samsara will post -0.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Dominic Phillips sold 21,053 shares of Samsara stock in a transaction dated 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 $34,697,284.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Dominic Phillips sold 21,053 shares of Samsara stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $30.49, for a total transaction of $641,905.97. Following the transaction, the insider now directly owns 1,137,989 shares of the company’s stock, valued at $34,697,284.61. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO James Andrew Munk sold 1,105 shares of the company’s stock in a transaction on 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 owns 337,523 shares of the company’s stock, valued at approximately $10,129,065.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,801,854 shares of company stock worth $64,479,185. 60.04% of the stock is currently owned by company insiders.

About Samsara

(Get Free Report)

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.

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