JPMorgan Chase & Co. Increases Stake in Samsara Inc. $IOT

JPMorgan Chase & Co. raised its stake in Samsara Inc. (NYSE:IOT) by 20.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,664,688 shares of the company’s stock after purchasing an additional 284,174 shares during the quarter. JPMorgan Chase & Co. owned 0.29% of Samsara worth $62,010,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IOT. Lazard Asset Management LLC lifted its holdings in Samsara by 2.0% in the third quarter. Lazard Asset Management LLC now owns 13,971 shares of the company’s stock worth $520,000 after buying an additional 279 shares during the period. KLP Kapitalforvaltning AS grew its holdings in shares of Samsara by 0.3% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 113,900 shares of the company’s stock worth $4,243,000 after acquiring an additional 300 shares during the period. Jefferies Financial Group Inc. grew its holdings in shares of Samsara by 1.6% during the 3rd quarter. Jefferies Financial Group Inc. now owns 20,995 shares of the company’s stock worth $782,000 after acquiring an additional 322 shares during the period. Cim LLC raised its position in shares of Samsara by 1.0% in the 3rd quarter. Cim LLC now owns 32,700 shares of the company’s stock worth $1,218,000 after acquiring an additional 326 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock valued at $390,000 after purchasing an additional 335 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling

In related news, insider John Bicket sold 263,900 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was 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 of the company’s stock, valued at approximately $3,075,360. This represents a 74.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sanjit Biswas sold 263,900 shares of the stock in a transaction on 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 sale, the insider owned 89,400 shares in the company, valued at approximately $3,075,360. This represents a 74.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 2,506,517 shares of company stock valued at $76,297,638. 46.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IOT. Piper Sandler restated an “overweight” rating and set a $39.00 price target (up from $37.00) on shares of Samsara in a research report on Friday, March 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Samsara in a research report on Thursday, January 22nd. Bank of America boosted their target price on shares of Samsara from $53.00 to $55.00 and gave the company a “buy” rating in a report on Friday, December 5th. Wells Fargo & Company upped their target price on shares of Samsara from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Finally, Evercore reiterated an “outperform” rating on shares of Samsara in a research note on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Samsara currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.18.

Samsara Price Performance

Shares of Samsara stock opened at $33.61 on Friday. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $48.40. The firm’s 50-day moving average is $29.96 and its 200 day moving average is $35.44. The stock has a market cap of $19.39 billion, a price-to-earnings ratio of -1,679.66, a PEG ratio of 12.35 and a beta of 1.60.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The business had revenue of $444.30 million during the quarter, compared to analyst estimates of $422.29 million. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.72%. Samsara’s revenue was up 28.3% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. On average, equities analysts expect that Samsara Inc. will post -0.3 EPS for the current fiscal year.

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.