Norges Bank Acquires New Holdings in Samsara Inc. $IOT

Norges Bank bought a new position in shares of Samsara Inc. (NYSE:IOT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,594,216 shares of the company’s stock, valued at approximately $127,415,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new position in Samsara in the 4th quarter valued at $13,464,000. Royal Bank of Canada increased its holdings in shares of Samsara by 100.3% in the first quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock worth $3,686,000 after purchasing an additional 48,135 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Samsara by 2,444.6% in the first quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock worth $682,000 after purchasing an additional 17,088 shares during the period. Empowered Funds LLC raised its position in shares of Samsara by 3.4% in the first quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after buying an additional 335 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Samsara by 142.4% in the second quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock worth $2,739,000 after buying an additional 40,450 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Stock Down 2.9%

IOT opened at $35.29 on Friday. The stock has a market cap of $20.49 billion, a PE ratio of -1,763.47, a P/E/G ratio of 10.81 and a beta of 1.34. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $48.40. The business’s fifty day simple moving average is $30.59 and its 200 day simple moving average is $32.44.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. Samsara had a negative return on equity of 0.72% and a negative net margin of 0.56%.The firm had revenue of $444.30 million during the quarter, compared to analyst estimates of $422.29 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue was up 28.3% compared to the same quarter last year. As a group, equities analysts anticipate that Samsara Inc. will post 0.08 earnings per share for the current year.

Insider Activity

In related news, insider John Bicket sold 168,227 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $28.58, for a total transaction of $4,807,927.66. Following the transaction, the insider directly owned 15,200 shares of the company’s stock, valued at approximately $434,416. This trade represents a 91.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjit Biswas sold 168,272 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $28.58, for a total value of $4,809,213.76. Following the completion of the sale, the insider directly owned 15,200 shares of the company’s stock, valued at approximately $434,416. This represents a 91.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,700,139 shares of company stock worth $79,212,871 over the last quarter. Corporate insiders own 35.13% of the company’s stock.

Key Samsara News

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Samsara beat Q1 fiscal 2027 expectations, reporting EPS of $0.17 versus $0.13 consensus and revenue of $478.8 million versus $455.2 million expected, signaling solid demand for its connected operations platform. Earnings transcript and report
• Positive Sentiment: The company said it is approaching $2 billion in annual recurring revenue and posted 30% growth, suggesting Samsara is still expanding efficiently at scale and benefiting from enterprise adoption and “Operational AI” momentum. ARR growth article
• Positive Sentiment: Management’s guidance was above Wall Street estimates, including Q2 EPS guidance of $0.15-$0.16 and revenue guidance of $482 million-$484 million, while FY2027 EPS guidance of $0.70-$0.72 topped expectations, reinforcing confidence in continued growth.
• Neutral Sentiment: Analysts had already been bracing for the quarterly report, and a pre-earnings pullback suggests some of the positive results may already have been priced in ahead of the announcement. Pre-earnings analysis

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Truist Financial reduced their target price on Samsara from $39.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, February 17th. Evercore reaffirmed an “outperform” rating on shares of Samsara in a report on Friday, March 6th. Weiss Ratings upgraded Samsara from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. TD Cowen reissued a “buy” rating on shares of Samsara in a report on Friday, May 22nd. Finally, UBS Group restated a “buy” rating and issued a $48.00 price objective on shares of Samsara in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Samsara has an average rating of “Moderate Buy” and an average price target of $46.18.

Samsara 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.