Samsara Inc. $IOT Shares Purchased by Covea Finance

Covea Finance boosted its stake in Samsara Inc. (NYSE:IOT) by 26.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,000 shares of the company’s stock after buying an additional 17,000 shares during the quarter. Covea Finance’s holdings in Samsara were worth $3,017,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in shares of Samsara in the second quarter valued at approximately $28,000. Family Legacy Financial Solutions LLC acquired a new stake in Samsara during the 2nd quarter worth $40,000. AlphaQuest LLC grew its holdings in shares of Samsara by 519.6% during the first quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock worth $40,000 after buying an additional 873 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in shares of Samsara by 349.8% during the second quarter. Whipplewood Advisors LLC now owns 1,093 shares of the company’s stock worth $43,000 after buying an additional 850 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Samsara by 906.9% in the second quarter. Allworth Financial LP now owns 1,168 shares of the company’s stock valued at $46,000 after buying an additional 1,052 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Trading Down 1.6%

Shares of NYSE IOT opened at $36.56 on Friday. The stock has a market capitalization of $21.09 billion, a PE ratio of -456.94 and a beta of 1.61. Samsara Inc. has a twelve month low of $31.40 and a twelve month high of $61.90. The stock has a fifty day simple moving average of $38.91 and a 200-day simple moving average of $38.21.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, December 4th. The company reported $0.01 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 analysts’ expectations of $398.92 million. Samsara had a negative net margin of 2.79% and a negative return on equity of 3.49%. The business’s revenue was up 29.2% compared to the same quarter last year. During the same quarter last year, the business earned $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 predict that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other Samsara news, insider John Bicket sold 170,000 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $38.66, for a total value of $6,572,200.00. Following the completion of the transaction, the insider owned 30,000 shares in the company, valued at $1,159,800. The trade was a 85.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Sanjit Biswas sold 160,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $38.36, for a total value of $6,137,600.00. Following the sale, the insider directly owned 36,000 shares in the company, valued at $1,380,960. This represents a 81.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,141,161 shares of company stock valued at $82,051,036 in the last 90 days. Company insiders own 46.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Samsara from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. BTIG Research assumed coverage on Samsara in a report on Tuesday, December 16th. They set a “buy” rating and a $55.00 target price on the stock. Piper Sandler increased their price target on Samsara from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, December 5th. Royal Bank Of Canada lifted their price objective on Samsara from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Finally, Craig Hallum raised Samsara from a “hold” rating to a “buy” rating and raised their target price for the stock from $42.00 to $48.00 in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Samsara currently has an average rating of “Moderate Buy” and a consensus target price of $51.53.

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.