Samsara Inc’s recent filing unveils that its CHIEF EXECUTIVE OFFICER Biswas Sanjit unloaded Company’s shares for reported $2.95 million on Apr 16 ’24. In the deal valued at $30.73 per share,96,000 shares were sold. As a result of this transaction, Biswas Sanjit now holds 1,115,921 shares worth roughly $34.98 million.
Then, Bicket John sold 96,000 shares, generating $2,950,268 in total proceeds. Upon selling the shares at $30.73, the insider now owns 1,019,382 shares.
Before that, Eltoukhy Adam sold 10,422 shares. Samsara Inc shares valued at $320,832 were divested by the insider at a price of $30.78 per share. As a result of the transaction, Eltoukhy Adam now holds 535,149 shares, worth roughly $16.78 million.
Loop Capital initiated its Samsara Inc [IOT] rating to a Buy in a research note published on April 18, 2024; the price target was $42. A number of analysts have revised their coverage, including FBN Securities’s analysts, who began to cover the stock in late October with a ‘”an Outperform”‘ rating. Truist began covering IOT with “Hold” recommendation on April 21, 2023. Morgan Stanley revised its rating on March 23, 2023. It rated IOT as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of IOT
On Monday, Samsara Inc [NYSE:IOT] saw its stock jump 3.98% to $31.35. Over the last five days, the stock has gained 3.02%. Samsara Inc shares have fallen nearly -6.08% since the year began. Nevertheless, the stocks have risen 43.15% over the past one year. While a 52-week high of $40.54 was reached on 03/11/24, a 52-week low of $16.63 was recorded on 04/22/24. SMA at 50 days reached $34.63, while 200 days put it at $29.69. A total of 3.15 million shares were traded, compared to the trading of 2.05 million shares in the previous session.
Levels Of Support And Resistance For IOT Stock
The 24-hour chart illustrates a support level at 30.25, which if violated will result in even more drops to 29.14. On the upside, there is a resistance level at 31.91. A further resistance level may holdings at 32.46. The Relative Strength Index (RSI) on the 14-day chart is 39.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.20%. Stochastics %K at 16.62% indicates the stock is a buying.
The most recent change occurred on March 16, 2023 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $21 price target.
