Truist Financial Corp Acquires 28,123 Shares of Samsara Inc. $IOT

Truist Financial Corp grew its stake in shares of Samsara Inc. (NYSE:IOT) by 356.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,017 shares of the company’s stock after purchasing an additional 28,123 shares during the quarter. Truist Financial Corp’s holdings in Samsara were worth $1,342,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS boosted its position in Samsara by 0.3% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 113,900 shares of the company’s stock valued at $4,243,000 after buying an additional 300 shares during the period. Empowered Funds LLC raised its stake in shares of Samsara by 3.4% during the first quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock valued at $390,000 after acquiring an additional 335 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Samsara by 3.8% during the third quarter. Blue Trust Inc. now owns 9,415 shares of the company’s stock valued at $351,000 after acquiring an additional 346 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Samsara by 6.5% in the third quarter. Vontobel Holding Ltd. now owns 5,724 shares of the company’s stock valued at $213,000 after purchasing an additional 350 shares during the period. Finally, KRS Capital Management LLC grew its stake in Samsara by 5.9% in the third quarter. KRS Capital Management LLC now owns 7,171 shares of the company’s stock worth $267,000 after purchasing an additional 398 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling at Samsara

In related news, insider Sanjit Biswas sold 263,900 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $34.40, for a total transaction of $9,078,160.00. Following the transaction, the insider directly owned 89,400 shares in the company, valued at $3,075,360. The trade was a 74.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Bicket sold 263,900 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $34.40, for a total value of $9,078,160.00. Following the transaction, the insider directly owned 89,400 shares in the company, valued at $3,075,360. This represents a 74.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,054,011 shares of company stock worth $103,745,232 over the last ninety days. Corporate insiders own 46.49% of the company’s stock.

Samsara Stock Performance

Shares of Samsara stock opened at $25.39 on Monday. The company has a market capitalization of $14.65 billion, a PE ratio of -317.38 and a beta of 1.61. The company has a 50-day simple moving average of $35.11 and a two-hundred day simple moving average of $36.65. Samsara Inc. has a one year low of $23.38 and a one year high of $61.90.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11). The firm had revenue of $415.98 million during the quarter, compared to analysts’ expectations of $398.92 million. Samsara had a negative return on equity of 3.49% and a negative net margin of 2.79%.The firm’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. On average, equities analysts predict that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IOT. BTIG Research began coverage on Samsara in a research report on Tuesday, December 16th. They set a “buy” rating and a $55.00 target price for the company. KeyCorp initiated coverage on Samsara in a research note on Tuesday, December 9th. They set an “overweight” rating and a $55.00 price target on the stock. Wells Fargo & Company decreased their price objective on Samsara from $52.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Royal Bank Of Canada dropped their target price on shares of Samsara from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Finally, Zacks Research downgraded shares of Samsara from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.73.

Key Stories Impacting Samsara

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: National marketing + product launch: Samsara rolled out an AI “Safety Coach” in a Super Bowl commercial and named NASCAR champion Jesse Love as the avatar — a high‑profile ad that raises brand awareness and highlights a new AI safety offering that could accelerate sales conversations with fleet customers. Read More.
• Positive Sentiment: Marketing/partnership extension: Samsara extended its partnership with Richard Childress Racing, reinforcing its motorsports marketing strategy and repeated exposure to fleet and safety audiences. Read More.
• Neutral Sentiment: Analyst and valuation context: Coverage and commentary continue to debate whether current multiples reflect long‑term growth potential after the stock’s pullback; useful background for longer‑term investors but not an immediate trading catalyst. Read More.
• Neutral Sentiment: Platform/industry analysis: Additional writeups examine platform durability vs peers — informative for institutionals evaluating competitive positioning. Read More.
• Negative Sentiment: Large insider selling: Co‑founders/insiders John Bicket and Sanjit Biswas filed multiple large sales on Feb 3–4 (several transactions ~25.2–$25.3 avg), each reducing holdings by ~40–45% and generating multi‑million dollar proceeds — a material supply signal that can pressure sentiment and headline flow. SEC filings: Read More. and Read More.
• Negative Sentiment: Analyst target cut: Wells Fargo trimmed its price target (reducing headline upside) even while keeping an overweight stance—this can temper momentum among some buy‑side participants. Read More.

About Samsara

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.