Pinegrove Venture Partners LLC Has $20.73 Million Stock Holdings in Samsara Inc. $IOT

Pinegrove Venture Partners LLC lifted its holdings in Samsara Inc. (NYSE:IOT) by 46.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,582 shares of the company’s stock after acquiring an additional 175,411 shares during the quarter. Samsara makes up approximately 65.3% of Pinegrove Venture Partners LLC’s holdings, making the stock its largest holding. Pinegrove Venture Partners LLC’s holdings in Samsara were worth $20,733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Samsara by 18.3% in the second quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company’s stock valued at $1,106,012,000 after buying an additional 4,307,755 shares during the last quarter. Sands Capital Management LLC lifted its position in shares of Samsara by 17.2% during the second quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company’s stock worth $766,808,000 after purchasing an additional 2,833,049 shares in the last quarter. State Street Corp grew its stake in shares of Samsara by 107.8% during the second quarter. State Street Corp now owns 5,611,956 shares of the company’s stock valued at $223,244,000 after purchasing an additional 2,910,916 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Samsara by 65.6% in the second quarter. Geode Capital Management LLC now owns 4,877,254 shares of the company’s stock valued at $193,387,000 after purchasing an additional 1,931,870 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its position in Samsara by 74.8% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,964,300 shares of the company’s stock worth $157,700,000 after purchasing an additional 1,696,341 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Sanjit Biswas sold 263,900 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $32.43, for a total transaction of $8,558,277.00. Following the sale, the insider owned 78,800 shares of the company’s stock, valued at approximately $2,555,484. This trade represents a 77.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Bicket sold 263,900 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $32.43, for a total value of $8,558,277.00. Following the completion of the transaction, the insider directly owned 78,800 shares of the company’s stock, valued at approximately $2,555,484. The trade was a 77.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,874,559 shares of company stock valued at $104,019,864. 46.49% of the stock is owned by company insiders.

Samsara Trading Up 0.1%

Shares of IOT opened at $32.13 on Tuesday. The stock has a market cap of $18.54 billion, a P/E ratio of -401.63 and a beta of 1.62. Samsara Inc. has a 1 year low of $31.25 and a 1 year high of $61.90. The stock’s 50-day moving average price is $36.86 and its two-hundred day moving average price is $37.34.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IOT shares. BNP Paribas Exane upgraded Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research report on Thursday, January 15th. Zacks Research upgraded Samsara from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Evercore ISI set a $50.00 price objective on Samsara and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Bank of America boosted their price objective on Samsara from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Finally, Exane BNP Paribas raised shares of Samsara to a “strong-buy” rating in a research note on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $50.56.

Samsara Company 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.