Samsara Inc. $IOT Shares Acquired by Bank of America Corp DE

Bank of America Corp DE increased its stake in Samsara Inc. (NYSE:IOT) by 41.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,710,202 shares of the company’s stock after purchasing an additional 794,255 shares during the period. Bank of America Corp DE’s holdings in Samsara were worth $85,886,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Acumen Wealth Advisors LLC bought a new position in Samsara during the 4th quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its position in Samsara by 312.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after buying an additional 669 shares during the period. AlphaCentric Advisors LLC bought a new stake in Samsara in the fourth quarter valued at $36,000. IFP Advisors Inc lifted its stake 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 buying an additional 828 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Samsara during the fourth quarter valued at $52,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity

In related news, CEO Sanjit Biswas sold 244,805 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total transaction of $9,001,479.85. Following the completion of the transaction, the chief executive officer owned 94,000 shares of the company’s stock, valued at $3,456,380. This trade represents a 72.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc L. Andreessen sold 613,660 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $32.27, for a total value of $19,802,808.20. Following the transaction, the director directly owned 2,256,487 shares of the company’s stock, valued at $72,816,835.49. This represents a 21.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 5,007,121 shares of company stock worth $169,162,901. 35.13% of the stock is owned by company insiders.

Samsara Price Performance

NYSE IOT opened at $40.93 on Friday. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47. The firm has a market capitalization of $23.85 billion, a PE ratio of 409.31, a P/E/G ratio of 9.18 and a beta of 1.34. The company’s 50 day simple moving average is $35.12 and its 200 day simple moving average is $31.68.

Samsara (NYSE:IOT) last released its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $478.84 million during the quarter, compared to the consensus estimate of $455.21 million. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. Sell-side analysts anticipate that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

Key Samsara News

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Samsara’s latest quarterly results exceeded expectations: revenue rose 30.5% year over year to $478.84 million, above the $455.21 million consensus, while adjusted EPS of $0.17 topped estimates of $0.13. The company also recorded its third consecutive quarter of GAAP profitability.
• Positive Sentiment: Management’s investor-day presentation reinforced the long-term growth story, highlighting customer momentum, platform expansion and approximately $2 billion in annual recurring revenue.
• Positive Sentiment: New AI-focused offerings—including Agent Studio, expanded camera products and shipment-visibility tools—are strengthening the view that Samsara is becoming an AI-enabled physical-operations platform rather than only a fleet-management software provider.
• Positive Sentiment: Analyst sentiment remains favorable. Samsara carries a consensus “Moderate Buy” rating, with an average price target of approximately $45.33. Recent targets include $45 from BTIG and Guggenheim and $50 from Wells Fargo, compared with the stock’s recent trading range around $38–$41. Why Samsara Stock Is Up Today
• Neutral Sentiment: Institutional positioning is mixed: 301 investors added shares in their latest quarter while 267 reduced positions. Major additions from T. Rowe Price, Baillie Gifford and Fidelity provide support, although Morgan Stanley and other funds reduced exposure.
• Negative Sentiment: Insider selling remains a cautionary signal. CEO Sanjit Biswas and co-founder John Bicket each sold roughly 264,000 shares from August 4–6, while Dominic Phillips also sold shares. The transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their value as a signal of immediate business concerns but may weigh on sentiment. Samsara Insider Selling
• Negative Sentiment: Valuation remains demanding, with a price-to-earnings ratio above 380 and a PEG ratio near 8.7. That leaves IOT vulnerable to a pullback if future growth, margins or AI monetization fail to meet elevated expectations.

Wall Street Analyst Weigh In

Several research firms have recently commented on IOT. Jefferies Financial Group upgraded shares of Samsara to a “buy” rating in a research report on Thursday, June 11th. Piper Sandler reiterated an “overweight” rating and issued a $40.00 price objective (up from $39.00) on shares of Samsara in a research report on Friday, June 5th. Weiss Ratings raised shares of Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. KeyCorp restated an “overweight” rating on shares of Samsara in a research report on Friday, June 26th. Finally, Wolfe Research restated an “outperform” rating on shares of Samsara in a research report on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given 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, Samsara presently has a consensus rating of “Moderate Buy” and an average price target of $45.33.

Samsara Company 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.