Bank of America Corp DE Boosts Stake in Samsara Inc. $IOT

Key Points

• Bank of America increased its Samsara stake by 41.5% in the first quarter, adding 794,255 shares to reach 2.71 million shares worth approximately $85.9 million. Institutional investors collectively own 96.02% of Samsara.
• Analyst sentiment remains favorable, with Samsara receiving a consensus “Moderate Buy” rating and an average price target of $45.33, above its recent trading level.
• Samsara’s latest quarter beat expectations, with revenue rising 30.5% year over year to $478.84 million and adjusted EPS reaching $0.17. However, substantial insider selling and a very high valuation— including a P/E ratio above 400—remain risks for investors.

Bank of America Corp DE grew its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 41.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,710,202 shares of the company's stock after acquiring an additional 794,255 shares during the period. Bank of America Corp DE owned about 0.47% of Samsara worth $85,886,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IOT. Lazard Asset Management LLC boosted its holdings in Samsara by 2.0% in the third quarter. Lazard Asset Management LLC now owns 13,971 shares of the company's stock valued at $520,000 after purchasing an additional 279 shares during the last quarter. Cim LLC grew its stake in Samsara by 1.0% during the 3rd quarter. Cim LLC now owns 32,700 shares of the company's stock valued at $1,218,000 after purchasing an additional 326 shares in the last quarter. Empowered Funds LLC increased its holdings in Samsara by 3.4% during the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company's stock worth $390,000 after purchasing an additional 335 shares during the last quarter. IFG Advisory LLC increased its holdings in Samsara by 0.8% during the 4th quarter. IFG Advisory LLC now owns 44,814 shares of the company's stock worth $1,589,000 after purchasing an additional 372 shares during the last quarter. Finally, Summit Financial LLC raised its position in shares of Samsara by 1.4% in the 4th quarter. Summit Financial LLC now owns 29,487 shares of the company's stock valued at $1,045,000 after purchasing an additional 419 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on IOT. Wolfe Research reiterated an "outperform" rating on shares of Samsara in a research note on Thursday, June 11th. Morgan Stanley set a $43.00 price target on shares of Samsara in a research note on Tuesday, July 21st. TD Cowen reaffirmed a "buy" rating and issued a $45.00 price target on shares of Samsara in a report on Thursday, June 25th. KeyCorp reiterated an "overweight" rating on shares of Samsara in a research note on Friday, June 26th. Finally, Weiss Ratings raised shares of Samsara from a "sell (d-)" rating to a "sell (d+)" rating in a report on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Samsara presently has an average rating of "Moderate Buy" and a consensus target price of $45.33.

Insiders Place Their Bets

In other Samsara news, CEO Sanjit Biswas sold 244,805 shares of Samsara stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $36.77, for a total value of $9,001,479.85. Following the completion of the transaction, the chief executive officer owned 94,000 shares of the company's stock, valued at $3,456,380. The trade was a 72.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 245,925 shares of the business's stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $36.77, for a total transaction of $9,042,662.25. Following the sale, the insider owned 94,000 shares of the company's stock, valued at approximately $3,456,380. The trade was a 72.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,007,121 shares of company stock valued at $169,162,901 over the last 90 days. 35.13% of the stock is owned by company insiders.

Key Headlines Impacting Samsara

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Samsara’s latest quarterly results exceeded expectations: revenue rose 30.5% year over year to $478.84 million, above the $455.21 million consensus, while adjusted EPS of $0.17 topped estimates of $0.13. The company also recorded its third consecutive quarter of GAAP profitability.
• Positive Sentiment: Management’s investor-day presentation reinforced the long-term growth story, highlighting customer momentum, platform expansion and approximately $2 billion in annual recurring revenue.
• Positive Sentiment: New AI-focused offerings—including Agent Studio, expanded camera products and shipment-visibility tools—are strengthening the view that Samsara is becoming an AI-enabled physical-operations platform rather than only a fleet-management software provider.
• Positive Sentiment: Analyst sentiment remains favorable. Samsara carries a consensus “Moderate Buy” rating, with an average price target of approximately $45.33. Recent targets include $45 from BTIG and Guggenheim and $50 from Wells Fargo, compared with the stock’s recent trading range around $38–$41. Why Samsara Stock Is Up Today
• Neutral Sentiment: Institutional positioning is mixed: 301 investors added shares in their latest quarter while 267 reduced positions. Major additions from T. Rowe Price, Baillie Gifford and Fidelity provide support, although Morgan Stanley and other funds reduced exposure.
• Negative Sentiment: Insider selling remains a cautionary signal. CEO Sanjit Biswas and co-founder John Bicket each sold roughly 264,000 shares from August 4–6, while Dominic Phillips also sold shares. The transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their value as a signal of immediate business concerns but may weigh on sentiment. Samsara Insider Selling
• Negative Sentiment: Valuation remains demanding, with a price-to-earnings ratio above 380 and a PEG ratio near 8.7. That leaves IOT vulnerable to a pullback if future growth, margins or AI monetization fail to meet elevated expectations.

Samsara Stock Up 7.1%

NYSE:IOT opened at $40.93 on Friday. The business's 50 day moving average is $35.12 and its two-hundred day moving average is $31.68. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The company has a market cap of $23.85 billion, a PE ratio of 409.31, a P/E/G ratio of 9.18 and a beta of 1.34.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. The business had revenue of $478.84 million during the quarter, compared to the consensus estimate of $455.21 million. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The business's quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. As a group, sell-side analysts expect that Samsara Inc. will post 0.15 EPS for the current fiscal year.

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.

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