JPMorgan Chase & Co. Grows Stock Holdings in Samsara Inc. $IOT

JPMorgan Chase & Co. boosted its stake in shares of Samsara Inc. (NYSE:IOT) by 20.6% during the third quarter, Holdings Channel reports. The firm owned 1,664,688 shares of the company’s stock after purchasing an additional 284,174 shares during the quarter. JPMorgan Chase & Co.’s holdings in Samsara were worth $62,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinegrove Venture Partners LLC grew its holdings in Samsara by 46.0% during the third quarter. Pinegrove Venture Partners LLC now owns 556,582 shares of the company’s stock valued at $20,733,000 after purchasing an additional 175,411 shares during the period. Lazard Freres Gestion S.A.S. bought a new position in shares of Samsara in the third quarter worth about $2,235,000. Bessemer Group Inc. raised 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 worth $64,379,000 after buying an additional 286,193 shares during the period. LBP AM SA lifted its position in shares of Samsara by 13.9% during the 3rd 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. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of 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 buying an additional 45,204 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

IOT has been the subject of several analyst reports. TD Cowen reissued a “buy” rating on shares of Samsara in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Samsara in a report on Thursday, January 22nd. Evercore reiterated an “outperform” rating on shares of Samsara in a research report on Friday, March 6th. BTIG Research reduced their price objective on shares of Samsara from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Finally, BMO Capital Markets raised their price objective on shares of Samsara from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Samsara currently has a consensus rating of “Moderate Buy” and an average price target of $46.18.

Samsara Trading Down 0.2%

Shares of IOT opened at $33.61 on Friday. The business’s 50 day moving average is $29.96 and its 200 day moving average is $35.44. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $48.40. The company has a market capitalization of $19.39 billion, a PE ratio of -1,679.66, a price-to-earnings-growth 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 (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.72%. The firm had revenue of $444.30 million for the quarter, compared to analysts’ expectations of $422.29 million. During the same quarter last year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. 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 research analysts predict that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Transactions at Samsara

In other news, insider Adam Eltoukhy sold 4,688 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $26.79, for a total transaction of $125,591.52. Following the completion of the transaction, the insider directly owned 246,675 shares in the company, valued at approximately $6,608,423.25. This represents a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dominic Phillips sold 17,808 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $30.00, for a total transaction of $534,240.00. Following the transaction, the insider owned 573,114 shares of the company’s stock, valued at $17,193,420. This trade represents a 3.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,506,517 shares of company stock valued at $76,297,638. 46.49% of the stock is owned by insiders.

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.