Samsara (NYSE:IOT) Updates Q3 Earnings Guidance

Samsara (NYSE:IOT) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.03-0.04 for the period, compared to the consensus estimate of $0.03. The company issued revenue guidance of $309-311 million, compared to the consensus revenue estimate of $308.83 million. Samsara also updated its FY 2025 guidance to 0.160-0.180 EPS.

Samsara Stock Performance

NYSE:IOT opened at $44.02 on Friday. Samsara has a 52 week low of $21.48 and a 52 week high of $45.43. The firm has a 50-day moving average price of $38.12 and a two-hundred day moving average price of $36.05. The firm has a market cap of $24.25 billion, a price-to-earnings ratio of -88.04 and a beta of 1.50.

Samsara (NYSE:IOT) last released its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative return on equity of 21.66% and a negative net margin of 27.14%. Samsara’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) earnings per share. As a group, sell-side analysts forecast that Samsara will post -0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IOT has been the subject of a number of research analyst reports. Piper Sandler raised their price objective on shares of Samsara from $36.00 to $40.00 and gave the stock a neutral rating in a report on Friday. Loop Capital lifted their price target on shares of Samsara from $42.00 to $46.00 and gave the stock a buy rating in a report on Friday. TD Cowen increased their price objective on Samsara from $45.00 to $46.00 and gave the company a buy rating in a report on Friday. StockNews.com upgraded Samsara from a sell rating to a hold rating in a research note on Friday. Finally, BMO Capital Markets increased their price target on Samsara from $40.00 to $44.00 and gave the stock a market perform rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $42.07.

Insider Buying and Selling

In other news, CEO Sanjit Biswas sold 93,107 shares of the business’s stock in a transaction on 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 directly owns 76,800 shares in the company, valued at approximately $3,065,856. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Dominic Phillips sold 21,053 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $30.49, for a total value of $641,905.97. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjit Biswas sold 93,107 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 directly owns 76,800 shares of the company’s stock, valued at approximately $3,065,856. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,801,854 shares of company stock valued at $64,479,185. Company 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.