Hsbc Holdings PLC lifted its position in shares of Samsara Inc. (NYSE:IOT – Free Report) by 14.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,137 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in IOT. Baillie Gifford & Co. lifted its holdings in shares of Samsara by 15.0% during the fourth quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock worth $1,689,565,000 after buying an additional 6,208,553 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Samsara by 11.5% in the fourth quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after acquiring an additional 3,417,849 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Samsara by 58.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after acquiring an additional 4,401,082 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Samsara by 42.1% in the fourth quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after acquiring an additional 3,322,023 shares in the last quarter. Finally, State Street Corp increased its position in Samsara by 15.8% during the fourth quarter. State Street Corp now owns 6,920,219 shares of the company’s stock worth $245,322,000 after acquiring an additional 944,485 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on IOT. TD Cowen reiterated a “buy” rating and issued a $45.00 price target on shares of Samsara in a research report on Thursday, June 25th. Piper Sandler restated an “overweight” rating and set a $40.00 price objective (up from $39.00) on shares of Samsara in a research note on Friday, June 5th. Jefferies Financial Group raised Samsara to a “buy” rating in a report on Thursday, June 11th. Guggenheim started coverage on Samsara in a research report on Wednesday. They set a “buy” rating and a $45.00 target price for the company. Finally, Morgan Stanley set a $43.00 target price on Samsara in a 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 issued a Sell rating to the company. According to MarketBeat, Samsara currently has an average rating of “Moderate Buy” and a consensus price target of $45.33.
Insider Buying and Selling at Samsara
In related news, CAO Benjamin Louis Kirchhoff sold 2,549 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $33.74, for a total transaction of $86,003.26. Following the sale, the chief accounting officer owned 167,269 shares in the company, valued at $5,643,656.06. This represents a 1.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Dominic Phillips sold 12,065 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $33.32, for a total transaction of $402,005.80. Following the sale, the insider directly owned 836,100 shares of the company’s stock, valued at approximately $27,858,852. This trade represents a 1.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 4,464,637 shares of company stock valued at $144,511,167. 35.13% of the stock is owned by corporate insiders.
Samsara Stock Up 5.3%
NYSE IOT opened at $33.16 on Friday. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The company has a market cap of $19.32 billion, a price-to-earnings ratio of 331.58, a price-to-earnings-growth ratio of 7.07 and a beta of 1.35. The business’s fifty day moving average is $33.78 and its 200 day moving average is $31.43.
Samsara (NYSE:IOT – Get Free Report) last issued its quarterly earnings data on Thursday, June 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The business had revenue of $478.84 million during the quarter, compared to analyst estimates of $455.21 million. During the same quarter last year, the business earned $0.11 EPS. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. 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, research analysts anticipate that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.
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.
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