Jupiter Asset Management Ltd. Invests $1.11 Million in Samsara Inc. $IOT

Jupiter Asset Management Ltd. bought a new stake in Samsara Inc. (NYSE:IOT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 27,939 shares of the company’s stock, valued at approximately $1,111,000.

A number of other large investors also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in shares of Samsara by 1,881.8% during the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company’s stock worth $450,881,000 after buying an additional 11,169,571 shares during the period. Vanguard Group Inc. boosted its holdings in Samsara by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company’s stock valued at $900,581,000 after acquiring an additional 2,516,882 shares during the period. Baillie Gifford & Co. grew its position in Samsara by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company’s stock valued at $1,352,186,000 after acquiring an additional 2,348,101 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Samsara by 58.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,823,484 shares of the company’s stock worth $108,224,000 after purchasing an additional 1,047,068 shares during the period. Finally, Federated Hermes Inc. purchased a new stake in Samsara during the first quarter worth about $27,828,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Samsara

In related news, insider Sanjit Biswas sold 10,937 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $38.38, for a total transaction of $419,762.06. Following the transaction, the insider owned 298,952 shares in the company, valued at $11,473,777.76. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Bicket sold 20,723 shares of Samsara stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $38.52, for a total value of $798,249.96. Following the transaction, the insider directly owned 492,173 shares in the company, valued at approximately $18,958,503.96. This trade represents a 4.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,747,711 shares of company stock valued at $141,867,401 over the last quarter. Company insiders own 46.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IOT shares. BMO Capital Markets dropped their price objective on shares of Samsara from $54.00 to $47.00 and set an “outperform” rating for the company in a report on Friday, September 5th. Evercore ISI set a $50.00 price target on shares of Samsara and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Truist Financial upped their price objective on Samsara from $35.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, September 5th. Craig Hallum upgraded Samsara from a “hold” rating to a “buy” rating and increased their price objective for the company from $42.00 to $48.00 in a research note on Friday, September 5th. Finally, Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $49.55.

Samsara Stock Performance

Shares of NYSE IOT opened at $37.84 on Friday. The firm has a market capitalization of $21.71 billion, a PE ratio of -236.49 and a beta of 1.61. Samsara Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $61.90. The stock’s 50-day simple moving average is $38.80 and its 200-day simple moving average is $39.41.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The business had revenue of $391.48 million during the quarter, compared to analysts’ expectations of $372.22 million. During the same quarter in the prior year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, sell-side analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.