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

Key Points

• Virginia Retirement Systems increased its Samsara stake by 18.9% in the third quarter, buying 28,300 shares to hold 178,173 shares valued at approximately $6.8 million. Institutional investors collectively own about 96% of Samsara.
• Samsara’s latest results exceeded expectations, with quarterly revenue rising 29.9% year over year to $508.4 million and EPS of $0.20 beating the $0.16 consensus estimate. Analysts maintain a “Moderate Buy” consensus and an average price target of about $51.68.
• Valuation and insider selling remain key risks: Samsara trades at a P/E ratio above 260, while insiders sold roughly 2.8 million shares worth $111.2 million over the past 90 days, mostly through prearranged trading plans.

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Samsara Inc. (NYSE:IOT - Free Report) by 18.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,173 shares of the company's stock after purchasing an additional 28,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Samsara were worth $6,794,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC grew its stake in shares of Samsara by 0.7% during the third quarter. Apollon Wealth Management LLC now owns 34,924 shares of the company's stock worth $1,332,000 after purchasing an additional 257 shares in the last quarter. Cim LLC raised its stake in Samsara by 1.3% in the first quarter. Cim LLC now owns 34,505 shares of the company's stock valued at $1,093,000 after buying an additional 455 shares in the last quarter. Lido Advisors LLC lifted its holdings in Samsara by 1.4% during the 1st quarter. Lido Advisors LLC now owns 40,044 shares of the company's stock worth $1,269,000 after buying an additional 534 shares during the last quarter. Moran Wealth Management LLC lifted its holdings in Samsara by 7.3% during the 1st quarter. Moran Wealth Management LLC now owns 8,291 shares of the company's stock worth $263,000 after buying an additional 562 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Samsara by 22.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,502 shares of the company's stock worth $134,000 after buying an additional 640 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara News Roundup

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

Wall Street Analyst Weigh In

IOT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Samsara from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Friday, September 4th. KeyCorp raised their target price on Samsara from $46.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, September 4th. Craig Hallum restated a "buy" rating and set a $54.00 target price on shares of Samsara in a research note on Friday, September 4th. TD Cowen upped their price target on Samsara from $48.00 to $53.00 and gave the company a "buy" rating in a report on Friday, September 4th. Finally, Truist Financial increased their price target on shares of Samsara from $38.00 to $48.00 and gave the company a "hold" rating in a research note 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $51.68.

Insider Transactions at Samsara

In other Samsara news, CAO Benjamin Kirchhoff sold 770 shares of Samsara stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $39.79, for a total transaction of $30,638.30. Following the transaction, the chief accounting officer owned 148,151 shares of the company's stock, valued at $5,894,928.29. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 42,507 shares of the business's stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $41.58, for a total value of $1,767,441.06. Following the completion of the sale, the insider owned 561,398 shares of the company's stock, valued at approximately $23,342,928.84. This represents a 7.04% 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 sold 2,765,567 shares of company stock valued at $111,165,657 in the last 90 days. Company insiders own 35.13% of the company's stock.

Samsara Price Performance

Shares of IOT opened at $42.07 on Friday. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47. The stock has a market cap of $24.64 billion, a PE ratio of 262.94, a price-to-earnings-growth ratio of 10.33 and a beta of 1.35. The firm has a fifty day moving average price of $40.59 and a 200 day moving average price of $34.31.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The company had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. During the same quarter last year, the company posted $0.12 earnings per share. The business's quarterly revenue was up 29.9% compared to the same quarter last year. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. As a group, equities analysts expect that Samsara Inc. will post 0.13 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding IOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Samsara Inc. (NYSE:IOT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.