28,300 Samsara Inc. $IOT Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Samsara Inc. (NYSE:IOT) by 18.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 178,173 shares of the company’s stock after buying an additional 28,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Samsara were worth $6,794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP boosted its stake in shares of Samsara by 9.6% during the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock worth $302,494,000 after buying an additional 813,922 shares during the period. Spyglass Capital Management LLC increased its position in Samsara by 4.7% in the 2nd quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company’s stock valued at $100,068,000 after acquiring an additional 139,009 shares during the period. Bank of America Corp DE grew its stake in shares of Samsara by 41.5% in the 1st quarter. Bank of America Corp DE now owns 2,710,202 shares of the company’s stock valued at $85,886,000 after purchasing an additional 794,255 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Samsara by 3.3% in the 1st quarter. Bessemer Group Inc. now owns 1,675,509 shares of the company’s stock valued at $53,097,000 after purchasing an additional 53,576 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Samsara by 64.3% in the first quarter. First Trust Advisors LP now owns 1,494,291 shares of the company’s stock valued at $47,354,000 after purchasing an additional 584,854 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Samsara

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Analysts remain constructive after Samsara’s latest quarterly results topped expectations, with revenue rising 29.9% year over year and EPS exceeding consensus. The average analyst price target is approximately $51.68, above the recent trading range. Samsara Just Answered the AI Question
• Positive Sentiment: Institutional ownership remains high at roughly 96%, and several funds recently increased their positions, including Wellington Management, Bank of America and First Trust Advisors. This suggests continued professional-investor interest in Samsara’s connected-operations and fleet-management growth story. Samsara Shows What Happens When Fundamentals Beat Fear
• Neutral Sentiment: Samsara and Together for Safer Roads launched a fleet-safety program for community food banks. The initiative may enhance the company’s brand and social-impact profile, but it is unlikely to materially affect near-term revenue or earnings. Together for Safer Roads and Samsara Launch Fleet Safety Program
• Negative Sentiment: CEO Sanjit Biswas sold 263,900 shares from October 27–29, while co-founder John Bicket sold another 263,900 shares over the same period. Insider Adam Eltoukhy also sold 7,306 shares. The combined sales represent roughly $23 million of stock and create a meaningful supply and confidence overhang, even though scheduled 10b5-1 plans reduce the signal that the sales reflect deteriorating business expectations. Samsara Insider Selling Alert
• Negative Sentiment: Samsara’s valuation remains demanding, with a price-to-earnings ratio above 260 and a PEG ratio above 10. That leaves IOT particularly sensitive to profit-taking, insider sales and any slowdown in its high-growth outlook. Samsara Falls More Steeply Than Broader Market

Samsara Trading Up 1.0%

NYSE IOT opened at $42.07 on Friday. The business’s 50 day moving average is $40.59 and its two-hundred day moving average is $34.31. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47. The stock has a market capitalization of $24.64 billion, a price-to-earnings ratio of 262.94, a PEG ratio of 10.33 and a beta of 1.35.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $508.44 million during the quarter, compared to analysts’ expectations of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period last year, the firm 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. Equities analysts forecast that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on IOT. Truist Financial upped their price target on Samsara from $38.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, September 4th. KeyCorp upped their price objective on shares of Samsara from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. BMO Capital Markets upped their price objective on shares of Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Piper Sandler restated a “neutral” rating and issued a $46.00 target price (up from $40.00) on shares of Samsara in a research note on Friday, September 4th. Finally, Evercore reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Samsara in a report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.68.

Insiders Place Their Bets

In other Samsara news, insider John Bicket sold 158,427 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $37.73, for a total value of $5,977,450.71. Following the completion of the transaction, the insider owned 51,600 shares in the company, valued at approximately $1,946,868. This represents a 75.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 158,402 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $37.74, for a total value of $5,978,091.48. Following the completion of the transaction, the chief executive officer owned 51,600 shares of the company’s stock, valued at $1,947,384. The trade was a 75.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,765,567 shares of company stock worth $111,165,657 in the last ninety days. 35.13% of the stock is currently owned by corporate insiders.

About Samsara

Samsara, Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its Samsara Connected Operations Cloud combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, facilities and frontline operations.

The company’s products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.