T. Rowe Price Associates Reports New 10% Stake in Samsara Inc. (IOT)

On May 15, 2026, T. Rowe Price Associates, Inc. filed a Schedule 13G with the SEC, disclosing a significant new ownership position in Samsara Inc. (IOT). As of the event date of March 31, 2026, the investment adviser reported beneficial ownership of 36,680,798 shares of Class A Common Stock. This position represents a 10.0% stake in the company, marking a substantial increase from a previous 0.0% holding. According to the filing, T. Rowe Price Associates holds sole dispositive power over all 36,680,798 shares and sole voting power over 35,344,507 shares. The filing indicates that these securities were acquired in the ordinary course of business and are not held for the purpose of changing or influencing control of the issuer. The total value of the position is estimated at approximately $1.08 billion based on the provided data. This filing highlights T. Rowe Price's emergence as a major institutional shareholder in the San Francisco-based technology firm specializing in connected operations.