Geode Capital Management LLC Has $103.32 Million Holdings in Samsara Inc. (NYSE:IOT) (2025)

Geode Capital Management LLC lifted its stake in Samsara Inc. (NYSE:IOT - Free Report) by 4.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,371,071 shares of the company's stock after purchasing an additional 91,688 shares during the quarter. Geode Capital Management LLC owned 0.42% of Samsara worth $103,315,000 as of its most recent filing with the Securities & Exchange Commission.

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Other institutional investors have also recently bought and sold shares of the company. GLOBALT Investments LLC GA increased its position in shares of Samsara by 0.3% in the fourth quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company's stock worth $2,444,000 after acquiring an additional 182 shares in the last quarter. Continuum Advisory LLC raised its stake in Samsara by 39.1% during the 3rd quarter. Continuum Advisory LLC now owns 879 shares of the company's stock valued at $45,000 after purchasing an additional 247 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Samsara by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 5,791 shares of the company's stock valued at $253,000 after purchasing an additional 300 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Samsara by 5.1% in the third quarter. Wellington Management Group LLP now owns 7,959 shares of the company's stock worth $383,000 after buying an additional 388 shares during the period. Finally, abrdn plc grew its holdings in shares of Samsara by 11.6% during the fourth quarter. abrdn plc now owns 4,792 shares of the company's stock valued at $210,000 after buying an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

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Wall Street Analysts Forecast Growth

IOT has been the subject of a number of research reports. Cowen restated a "buy" rating on shares of Samsara in a research report on Friday, March 7th. Truist Financial lowered their price objective on shares of Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, March 7th. BMO Capital Markets upgraded shares of Samsara from a "market perform" rating to an "outperform" rating and set a $48.00 target price for the company in a research report on Monday, March 10th. Royal Bank of Canada lowered their price target on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Finally, Wells Fargo & Company reduced their price objective on Samsara from $55.00 to $51.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $49.20.

Insider Activity

In other Samsara news, Director Jonathan Chadwick sold 22,500 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $38.72, for a total value of $871,200.00. Following the completion of the sale, the director now owns 373,579 shares in the company, valued at approximately $14,464,978.88. This trade represents a 5.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sanjit Biswas sold 160,000 shares of Samsara stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $34.89, for a total value of $5,582,400.00. Following the sale, the insider now directly owns 108,000 shares in the company, valued at $3,768,120. The trade was a 59.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,506,639 shares of company stock valued at $64,355,489. Insiders own 60.04% of the company's stock.

Samsara Trading Down 1.8 %

NYSE:IOT traded down $0.68 during trading hours on Monday, hitting $37.11. 1,094,250 shares of the company traded hands, compared to its average volume of 3,763,897. Samsara Inc. has a twelve month low of $27.14 and a twelve month high of $61.90. The firm has a 50-day moving average of $44.21 and a 200 day moving average of $47.07. The stock has a market capitalization of $21.13 billion, a price-to-earnings ratio of -78.96 and a beta of 1.71.

Samsara Company Profile

(Free Report)

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.

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