Samsara Inc’s filing revealed that its insider Eltoukhy Adam unloaded Company’s shares for reported $0.69 million on Nov 21 ’24. In the deal valued at $55.05 per share,12,500 shares were sold. As a result of this transaction, Eltoukhy Adam now holds 396,784 shares worth roughly $22.02 million.
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Then, Biswas Sanjit sold 96,000 shares, generating $4,835,913 in total proceeds. Upon selling the shares at $50.37, the CHIEF EXECUTIVE OFFICER now owns 195,886 shares.
Before that, Bicket John sold 96,000 shares. Samsara Inc shares valued at $4,835,896 were divested by the insider at a price of $50.37 per share. As a result of the transaction, Bicket John now holds 475,620 shares, worth roughly $26.4 million.
Craig Hallum initiated its Samsara Inc [IOT] rating to a Hold in a research note published on October 22, 2024; the price target was $48. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. BMO Capital Markets also remained covering IOT and reiterated its “Market perform” recommendation on September 06, 2024. BofA Securities started covering the stock on June 20, 2024. It rated IOT as “a Buy”.
Price Performance Review of IOT
On Monday, Samsara Inc [NYSE:IOT] saw its stock fall -1.51% to $55.50. Over the last five days, the stock has gained 12.14%. Samsara Inc shares have risen nearly 66.27% since the year began. Nevertheless, the stocks have risen 103.52% over the past one year. While a 52-week high of $56.76 was reached on 11/25/24, a 52-week low of $26.13 was recorded on 06/17/24. SMA at 50 days reached $49.43, while 200 days put it at $39.64.
Levels Of Support And Resistance For IOT Stock
The 24-hour chart illustrates a support level at 54.56, which if violated will result in even more drops to 53.61. On the upside, there is a resistance level at 56.98. A further resistance level may holdings at 58.45. The Relative Strength Index (RSI) on the 14-day chart is 65.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.59%. Stochastics %K at 89.42% indicates the stock is a selling.
How much short interest is there in Samsara Inc?
A steep rise in short interest was recorded in Samsara Inc stocks on 2024-10-31, dropping by -1.27 million shares to a total of 13.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.34 million shares. There was a decline of -9.75%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 18, 2024 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $42 price target.
