Hsbc Holdings PLC Has $8.71 Million Stock Holdings in Samsara Inc. $IOT

Key Points

• Hsbc Holdings PLC has increased its stake in Samsara Inc. by 274.9%, acquiring a total of 230,056 shares valued at approximately $8.71 million.
• Institutional investors own approximately 96.02% of Samsara's stock, with multiple hedge funds significantly increasing their positions during the first quarter.
• Despite a challenging market, Samsara experienced a year-over-year revenue growth of 30.7%, reporting revenue of $366.88 million in its latest earnings release.

Hsbc Holdings PLC increased its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 274.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,056 shares of the company's stock after purchasing an additional 168,699 shares during the period. Hsbc Holdings PLC's holdings in Samsara were worth $8,712,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IOT. NewEdge Advisors LLC boosted its holdings in Samsara by 262.0% in the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after purchasing an additional 414 shares in the last quarter. Keystone Financial Group Inc. boosted its holdings in Samsara by 300.0% during the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock valued at $25,000 after acquiring an additional 450 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Samsara during the first quarter valued at about $31,000. Fourth Dimension Wealth LLC bought a new stake in Samsara during the fourth quarter valued at about $38,000. Finally, CWM LLC boosted its holdings in Samsara by 385.3% during the first quarter. CWM LLC now owns 1,053 shares of the company's stock valued at $40,000 after acquiring an additional 836 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Samsara Stock Performance

Shares of NYSE IOT traded down $0.48 during mid-day trading on Friday, hitting $35.98. 1,770,590 shares of the stock were exchanged, compared to its average volume of 4,677,513. The company has a market cap of $20.48 billion, a P/E ratio of -163.35 and a beta of 1.62. The stock's fifty day simple moving average is $36.98 and its two-hundred day simple moving average is $40.85. Samsara Inc. has a twelve month low of $31.40 and a twelve month high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $366.88 million during the quarter, compared to analyst estimates of $351.44 million. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. The company's revenue was up 30.7% on a year-over-year basis. During the same quarter last year, the business posted $0.03 earnings per share. Samsara has set its FY 2026 guidance at 0.390-0.410 EPS. Q2 2026 guidance at 0.060-0.070 EPS. As a group, equities research analysts predict that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IOT. Zacks Research cut shares of Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Truist Financial reduced their target price on shares of Samsara from $42.00 to $35.00 and set a "hold" rating for the company in a research note on Monday. Evercore ISI set a $45.00 target price on shares of Samsara in a research note on Wednesday, June 25th. Wall Street Zen cut shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company increased their target price on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $49.71.

Insider Transactions at Samsara

In related news, insider John Bicket sold 67,349 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $32.64, for a total value of $2,198,271.36. Following the completion of the sale, the insider owned 243,000 shares of the company's stock, valued at $7,931,520. This trade represents a 21.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sanjit Biswas sold 57,177 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $32.58, for a total transaction of $1,862,826.66. Following the completion of the sale, the insider directly owned 243,000 shares of the company's stock, valued at approximately $7,916,940. This represents a 19.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,931,317 shares of company stock valued at $115,635,442. Corporate insiders own 46.49% of the company's stock.

Samsara Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.