Geode Capital Management LLC Buys 935,855 Shares of Samsara Inc. $IOT

Geode Capital Management LLC boosted its stake in Samsara Inc. (NYSE:IOT) by 17.8% in the fourth quarter, HoldingsChannel reports. The firm owned 6,196,703 shares of the company’s stock after acquiring an additional 935,855 shares during the period. Geode Capital Management LLC’s holdings in Samsara were worth $219,035,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Optiver Holding B.V. increased its holdings in Samsara by 953.2% in the third quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock valued at $44,000 after purchasing an additional 1,058 shares during the last quarter. IFP Advisors Inc increased its holdings in Samsara by 194.4% in the third quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock valued at $47,000 after purchasing an additional 828 shares during the last quarter. Leonteq Securities AG bought a new stake in Samsara in the fourth quarter valued at about $76,000. Jones Financial Companies Lllp grew its stake in Samsara by 73.5% in the third quarter. Jones Financial Companies Lllp now owns 2,216 shares of the company’s stock valued at $84,000 after acquiring an additional 939 shares during the period. Finally, Quarry LP grew its stake in Samsara by 95.1% in the third quarter. Quarry LP now owns 2,528 shares of the company’s stock valued at $94,000 after acquiring an additional 1,232 shares during the period. Institutional investors own 96.02% of the company’s stock.

Samsara Price Performance

IOT stock opened at $37.24 on Wednesday. The stock has a market capitalization of $21.62 billion, a P/E ratio of -1,860.92, a P/E/G ratio of 11.47 and a beta of 1.34. The business has a 50-day moving average of $30.38 and a 200-day moving average of $32.49. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $48.40.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. The company had revenue of $444.30 million during the quarter, compared to analysts’ expectations of $422.29 million. Samsara had a negative return on equity of 0.72% and a negative net margin of 0.56%.Samsara’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. Equities analysts expect that Samsara Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on IOT. Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Evercore reissued an “outperform” rating on shares of Samsara in a research note on Friday, March 6th. Weiss Ratings raised Samsara from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. BMO Capital Markets boosted their target price on Samsara from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Finally, KeyCorp boosted their target price on Samsara from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Samsara currently has an average rating of “Moderate Buy” and an average target price of $46.18.

Insider Activity

In other news, insider John Bicket sold 168,227 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $28.58, for a total transaction of $4,807,927.66. Following the completion of the transaction, the insider directly owned 15,200 shares of the company’s stock, valued at $434,416. This represents a 91.71% decrease in their ownership of the stock. The transaction was disclosed in a 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 Sanjit Biswas sold 168,272 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $28.58, for a total value of $4,809,213.76. Following the transaction, the insider directly owned 15,200 shares of the company’s stock, valued at $434,416. This represents a 91.72% 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. Insiders have sold 2,717,947 shares of company stock valued at $79,747,111 over the last ninety days. 35.13% of the stock is owned by insiders.

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.