State of New Jersey Common Pension Fund D Grows Stake in Samsara Inc. $IOT

State of New Jersey Common Pension Fund D boosted its position in shares of Samsara Inc. (NYSE:IOT) by 17.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,231 shares of the company’s stock after purchasing an additional 17,063 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Samsara were worth $4,120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pinegrove Venture Partners LLC grew its stake in shares of Samsara by 46.0% in the third quarter. Pinegrove Venture Partners LLC now owns 556,582 shares of the company’s stock valued at $20,733,000 after buying an additional 175,411 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Samsara by 19.8% in the third quarter. Bessemer Group Inc. now owns 1,728,322 shares of the company’s stock valued at $64,379,000 after buying an additional 286,193 shares in the last quarter. LBP AM SA grew its stake in shares of Samsara by 13.9% in the third quarter. LBP AM SA now owns 313,987 shares of the company’s stock valued at $11,696,000 after buying an additional 38,235 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Samsara by 227.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 65,122 shares of the company’s stock valued at $2,426,000 after purchasing an additional 45,204 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in Samsara by 7.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,801,787 shares of the company’s stock valued at $141,617,000 after purchasing an additional 252,681 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Samsara news, insider Adam Eltoukhy sold 5,473 shares of Samsara stock in a transaction on Monday, April 20th. The stock was sold at an average price of $30.68, for a total transaction of $167,911.64. Following the sale, the insider owned 190,649 shares of the company’s stock, valued at $5,849,111.32. The trade was a 2.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 72,816 shares of Samsara stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $28.49, for a total value of $2,074,527.84. Following the sale, the insider directly owned 569,828 shares in the company, valued at $16,234,399.72. The trade was a 11.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,605,156 shares of company stock worth $72,817,432 over the last 90 days. Insiders own 46.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada raised their price objective on Samsara from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Wells Fargo & Company raised their price objective on Samsara from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. KeyCorp raised their price objective on Samsara from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Zacks Research upgraded Samsara from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Samsara in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Samsara has an average rating of “Moderate Buy” and a consensus price target of $46.18.

Samsara Trading Up 0.4%

Shares of NYSE IOT opened at $30.60 on Tuesday. The company has a market cap of $17.77 billion, a price-to-earnings ratio of -1,529.24, a price-to-earnings-growth ratio of 11.18 and a beta of 1.29. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $48.40. The stock’s 50 day simple moving average is $30.36 and its 200 day simple moving average is $33.65.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. The business had revenue of $444.30 million for the quarter, compared to the consensus estimate of $422.29 million. Samsara had a negative return on equity of 0.72% and a negative net margin of 0.56%.The business’s revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the business posted $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. As a group, equities analysts forecast that Samsara Inc. will post 0.06 earnings per share 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.