VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $4.86 Million Investment in Samsara Inc. $IOT

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Samsara Inc. (NYSE:IOT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 149,873 shares of the company’s stock, valued at approximately $4,860,000.

Several other institutional investors have also recently made changes to their positions in IOT. California State Teachers Retirement System boosted its holdings in Samsara by 3,119.1% during the second quarter. California State Teachers Retirement System now owns 15,704,422 shares of the company’s stock worth $484,256,000 after buying an additional 15,216,568 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Samsara by 58.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after buying an additional 4,401,082 shares in the last quarter. Norges Bank purchased a new position in Samsara in the fourth quarter valued at $127,415,000. Brown Advisory Inc. raised its position in shares of Samsara by 42.1% in the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock worth $397,536,000 after acquiring an additional 3,322,023 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Samsara by 97.1% during the 4th quarter. Wellington Management Group LLP now owns 6,269,398 shares of the company’s stock worth $222,250,000 after acquiring an additional 3,088,299 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Craig Hallum restated a “buy” rating and issued a $54.00 price target on shares of Samsara in a research note on Friday. Wells Fargo & Company raised their price objective on Samsara from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday. Truist Financial boosted their price objective on Samsara from $38.00 to $48.00 and gave the company a “hold” rating in a research report on Friday. Morgan Stanley upped their target price on Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, KeyCorp increased their target price on Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Samsara has a consensus rating of “Moderate Buy” and a consensus price target of $52.44.

Insider Buying and Selling at Samsara

In other Samsara news, CEO Sanjit Biswas sold 244,805 shares of Samsara stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $36.77, for a total transaction of $9,001,479.85. Following the sale, the chief executive officer owned 94,000 shares of the company’s stock, valued at $3,456,380. The trade was a 72.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 245,925 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total transaction of $9,042,662.25. Following the sale, the insider directly owned 94,000 shares of the company’s stock, valued at $3,456,380. The trade was a 72.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 2,815,796 shares of company stock worth $102,734,129. Corporate insiders own 35.13% of the company’s stock.

Samsara Trading Down 0.4%

Shares of Samsara stock opened at $40.03 on Wednesday. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The firm has a market capitalization of $23.33 billion, a PE ratio of 250.21, a P/E/G ratio of 9.03 and a beta of 1.35. The firm’s 50-day moving average price is $38.08 and its 200 day moving average price is $33.45.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $508.44 million during the quarter, compared to analyst estimates of $483.29 million. Samsara had a return on equity of 4.27% and a net margin of 4.90%.Samsara’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 EPS. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. On average, sell-side analysts predict that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Samsara Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.