Samsara Inc. $IOT Stock Holdings Increased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in shares of Samsara Inc. (NYSE:IOT) by 14.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,137 shares of the company’s stock after acquiring an additional 17,511 shares during the period. Hsbc Holdings PLC’s holdings in Samsara were worth $4,273,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Lazard Asset Management LLC increased its holdings in shares of Samsara by 2.0% during the 3rd quarter. Lazard Asset Management LLC now owns 13,971 shares of the company’s stock valued at $520,000 after acquiring an additional 279 shares during the last quarter. Cim LLC lifted its holdings in Samsara by 1.0% in the 3rd quarter. Cim LLC now owns 32,700 shares of the company’s stock worth $1,218,000 after purchasing an additional 326 shares during the last quarter. Empowered Funds LLC boosted its position in Samsara by 3.4% during the first 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 period. IFG Advisory LLC boosted its position in Samsara by 0.8% during the fourth 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 period. Finally, Summit Financial LLC grew its holdings in Samsara by 1.4% during the fourth 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 during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Sanjit Biswas sold 244,805 shares of the company’s 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 sale, the chief executive officer owned 94,000 shares in the company, valued at $3,456,380. This represents a 72.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total value of $9,042,662.25. Following the completion of the sale, the insider owned 94,000 shares of the company’s stock, valued at $3,456,380. This trade represents a 72.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,464,637 shares of company stock valued at $144,511,167 in the last 90 days. 35.13% of the stock is owned by company insiders.

Samsara Price Performance

Samsara stock opened at $33.16 on Friday. The firm has a market capitalization of $19.32 billion, a P/E ratio of 331.58, a P/E/G ratio of 7.07 and a beta of 1.35. The stock has a fifty day moving average price of $33.78 and a two-hundred day moving average price of $31.43. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $478.84 million for 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%.Samsara’s revenue was up 30.5% compared to the same quarter last year. 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. On average, equities research analysts predict that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company increased their target price on Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and issued a $45.00 target price on shares of Samsara in a report on Friday, June 26th. Jefferies Financial Group raised Samsara to a “buy” rating in a research report on Thursday, June 11th. TD Cowen reiterated a “buy” rating and set a $45.00 price target on shares of Samsara in a report on Thursday, June 25th. Finally, Morgan Stanley set a $43.00 price objective on Samsara in a research report on Tuesday. 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 given a Sell rating to the company. Based on data from MarketBeat, Samsara presently has a consensus rating of “Moderate Buy” and an average price target of $45.33.

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.