VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 149,873 Samsara Inc. $IOT

Key Points

• Virginia Retirement Systems acquired 149,873 Samsara shares in the second quarter, worth approximately $4.86 million. Institutional investors collectively own 96.02% of the company.
• Samsara reported quarterly EPS of $0.20, beating estimates by $0.04, while revenue rose 29.9% year over year to $508.44 million, above analyst expectations.
• Analysts maintain a generally positive outlook, with 15 Buy ratings and six Holds and an average price target of $52.44, compared with the stock’s $40.03 opening price.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 149,873 shares of the company's stock, valued at approximately $4,860,000.

Other institutional investors also recently added to or reduced their stakes in the company. USS Investment Management Ltd acquired a new stake in Samsara in the first quarter valued at approximately $28,232,000. Spyglass Capital Management LLC lifted its holdings in shares of Samsara by 25.5% during the 1st quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company's stock valued at $93,379,000 after purchasing an additional 599,651 shares during the last quarter. Allen Operations LLC boosted its position in shares of Samsara by 83.3% in the 4th quarter. Allen Operations LLC now owns 66,020 shares of the company's stock worth $2,340,000 after purchasing an additional 30,000 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Samsara by 17.8% in the 4th quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company's stock worth $219,035,000 after purchasing an additional 935,855 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in Samsara during the 4th quarter worth $13,464,000. Institutional investors own 96.02% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IOT shares. Truist Financial upped their target price on Samsara from $38.00 to $48.00 and gave the company a "hold" rating in a research report on Friday. KeyCorp boosted their price target on Samsara from $46.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, September 4th. Jefferies Financial Group upgraded shares of Samsara to a "buy" rating in a report on Thursday, June 11th. JPMorgan Chase & Co. increased their price objective on shares of Samsara from $48.00 to $52.00 and gave the company a "neutral" rating in a research report on Friday, September 4th. Finally, BMO Capital Markets upped their price target on shares of Samsara from $44.00 to $54.00 and gave the company an "outperform" rating in a research note on Friday, September 4th. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Samsara has an average rating of "Moderate Buy" and an average price target of $52.44.

Samsara Stock Down 0.4%

Shares of NYSE:IOT opened at $40.03 on Wednesday. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47. The stock has a market cap of $23.33 billion, a price-to-earnings ratio of 250.21, a PEG ratio of 9.03 and a beta of 1.35. The business has a 50-day moving average price of $38.08 and a 200-day moving average price of $33.45.

Samsara (NYSE:IOT - Get Free Report) last issued its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. Samsara had a return on equity of 4.27% and a net margin of 4.90%.The firm had revenue of $508.44 million for the quarter, compared to analyst estimates of $483.29 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. Samsara's revenue for the quarter was up 29.9% on a year-over-year basis. 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 anticipate that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling at Samsara

In related news, insider Adam Eltoukhy sold 6,876 shares of the firm's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $39.82, for a total transaction of $273,802.32. Following the completion of the transaction, the insider owned 425,080 shares of the company's stock, valued at $16,926,685.60. This trade represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 35,366 shares of the business's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $39.43, for a total transaction of $1,394,481.38. Following the transaction, the chief executive officer owned 935,671 shares of the company's stock, valued at $36,893,507.53. This represents a 3.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 2,815,796 shares of company stock worth $102,734,129. Company insiders own 35.13% of the company's stock.

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.

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