Samsara Inc’s recently made public that its CHIEF EXECUTVE OFFICER Biswas Sanjit unloaded Company’s shares for reported $2.56 million on Jan 22 ’25. In the deal valued at $47.35 per share,54,066 shares were sold. As a result of this transaction, Biswas Sanjit now holds 0 shares worth roughly $0.0.
Then, Bicket John sold 40,232 shares, generating $1,904,835 in total proceeds. Upon selling the shares at $47.35, the insider now owns 0 shares.
Before that, Eltoukhy Adam sold 9,043 shares. Samsara Inc shares valued at $426,029 were divested by the insider at a price of $47.11 per share. As a result of the transaction, Eltoukhy Adam now holds 331,106 shares, worth roughly $15.96 million.
BMO Capital Markets reiterated its Samsara Inc [IOT] rating to a Market perform in a research note published on December 06, 2024; the price target was $57. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in late October with a ‘”a Hold”‘ rating. Exane BNP Paribas began covering IOT with “Neutral” recommendation on October 08, 2024. BMO Capital Markets maintained its rating on September 06, 2024. It rated IOT as “a Market perform”.
Price Performance Review of IOT
On Friday, Samsara Inc [NYSE:IOT] saw its stock jump 0.42% to $48.19. Over the last five days, the stock has gained 5.17%. Samsara Inc shares have risen nearly 10.30% since the year began. Nevertheless, the stocks have risen 47.96% over the past one year. While a 52-week high of $57.51 was reached on 01/24/25, a 52-week low of $27.14 was recorded on 01/10/25. SMA at 50 days reached $48.48, while 200 days put it at $41.96.
Levels Of Support And Resistance For IOT Stock
The 24-hour chart illustrates a support level at 47.70, which if violated will result in even more drops to 47.22. On the upside, there is a resistance level at 48.84. A further resistance level may holdings at 49.50. The Relative Strength Index (RSI) on the 14-day chart is 58.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.33%. Stochastics %K at 95.53% 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 2024-11-15, dropping by -2.29 million shares to a total of 11.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 13.87 million shares. There was a decline of -19.81%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 20, 2024 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $37 price target.
