K.J. Harrison & Partners Inc Acquires Shares of 20,000 Samsara Inc. $IOT

K.J. Harrison & Partners Inc bought a new position in shares of Samsara Inc. (NYSE:IOT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,000 shares of the company’s stock, valued at approximately $783,000.

Other large investors also recently made changes to their positions in the company. Pinegrove Venture Partners LLC boosted 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 worth $20,733,000 after buying an additional 175,411 shares during the last quarter. Lazard Freres Gestion S.A.S. acquired a new stake in shares of Samsara in the 3rd quarter valued at approximately $2,235,000. Bessemer Group Inc. boosted its stake in Samsara by 19.8% during the 3rd quarter. Bessemer Group Inc. now owns 1,728,322 shares of the company’s stock worth $64,379,000 after acquiring an additional 286,193 shares during the last quarter. LBP AM SA grew its holdings in Samsara by 13.9% during the third quarter. LBP AM SA now owns 313,987 shares of the company’s stock valued at $11,696,000 after purchasing an additional 38,235 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Samsara by 28.9% in the second quarter. JPMorgan Chase & Co. now owns 1,380,514 shares of the company’s stock valued at $54,917,000 after purchasing an additional 309,920 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Price Performance

Shares of Samsara stock opened at $28.95 on Friday. The firm has a market cap of $16.70 billion, a price-to-earnings ratio of -361.88 and a beta of 1.61. The stock’s 50-day moving average is $31.21 and its 200-day moving average is $35.66. Samsara Inc. has a one year low of $23.38 and a one year high of $51.01.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on IOT. Zacks Research lowered shares of Samsara from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Jefferies Financial Group set a $57.00 target price on Samsara in a research note on Wednesday, December 10th. BMO Capital Markets lowered their price target on Samsara from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday. Piper Sandler reiterated an “overweight” rating and set a $37.00 price objective (down from $49.00) on shares of Samsara in a report on Friday, February 6th. Finally, Truist Financial lowered their target price on Samsara from $39.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.06.

Insider Buying and Selling at Samsara

In related news, CAO Benjamin Louis Kirchhoff sold 1,731 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $26.64, for a total value of $46,113.84. Following the completion of the transaction, the chief accounting officer owned 121,913 shares of the company’s stock, valued at approximately $3,247,762.32. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Bicket sold 263,900 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $25.87, for a total transaction of $6,827,093.00. Following the sale, the insider directly owned 57,600 shares in the company, valued at $1,490,112. This trade represents a 82.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,253,463 shares of company stock valued at $105,384,810 over the last ninety days. 46.49% of the stock is currently owned by company 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.