Geode Capital Management LLC Buys 91,688 Shares of Samsara Inc. (NYSE:IOT) (2025)

Geode Capital Management LLC raised its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent filing with the SEC. 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 SEC.

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Several other institutional investors and hedge funds also recently made changes to their positions in IOT. Jones Financial Companies Lllp bought a new position in shares of Samsara during the 4th quarter worth about $31,000. Hobbs Group Advisors LLC bought a new position in shares of Samsara during the 3rd quarter worth about $34,000. IFP Advisors Inc increased its holdings in shares of Samsara by 290.3% during the 4th quarter. IFP Advisors Inc now owns 804 shares of the company's stock worth $35,000 after purchasing an additional 598 shares during the period. Continuum Advisory LLC increased its stake in Samsara by 39.1% in the third quarter. Continuum Advisory LLC now owns 879 shares of the company's stock valued at $45,000 after acquiring an additional 247 shares during the period. Finally, National Bank of Canada FI bought a new stake in Samsara in the fourth quarter valued at about $45,000. Institutional investors own 96.02% of the company's stock.

Insider Transactions at Samsara

In other news, insider Sanjit Biswas sold 56,474 shares of the company's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $43.33, for a total transaction of $2,447,018.42. Following the transaction, the insider now directly owns 116,257 shares in the company, valued at approximately $5,037,415.81. This represents a 32.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Eltoukhy sold 3,903 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $34.07, for a total transaction of $132,975.21. Following the completion of the transaction, the insider now owns 320,936 shares in the company, valued at $10,934,289.52. This represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,484,276 shares of company stock worth $64,741,770. Corporate insiders own 60.04% of the company's stock.

Analyst Ratings Changes

• Samsara Stock Plunges, But Technicals Flash a Buy Signal

A number of research firms recently weighed in on IOT. Truist Financial lowered their target price on shares of Samsara from $50.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Piper Sandler lowered their target price on shares of Samsara from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday. Berenberg Bank began coverage on shares of Samsara in a research note on Monday, February 3rd. They issued a "hold" rating and a $57.00 target price on the stock. Royal Bank of Canada lowered their target price on shares of Samsara from $64.00 to $54.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Finally, Cowen reissued a "buy" rating on shares of Samsara in a research note on Friday, March 7th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $49.20.

Check Out Our Latest Analysis on IOT

Samsara Trading Up 15.6 %

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Shares of IOT stock opened at $39.49 on Thursday. Samsara Inc. has a 1 year low of $27.14 and a 1 year high of $61.90. The firm's 50 day moving average is $44.79 and its 200-day moving average is $47.25. The firm has a market capitalization of $22.48 billion, a price-to-earnings ratio of -84.02 and a beta of 1.71.

Samsara 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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