Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Samsara Inc shares valued at $5,478,187 were sold by Bicket John on Jan 28 ’25. At $51.13 per share, Bicket John sold 107,152 shares. The insider’s holdings dropped to 138,000 shares worth approximately $7.03 million following the completion of this transaction.
Also, Bicket John sold 62,848 shares, netting a total of over 3,200,227 in proceeds. Following the sale of shares at $50.92 each, the insider now holds 621,000 shares.
Before that, Biswas Sanjit had sold 54,066 shares from its account. In a trade valued at $2,560,021, the CHIEF EXECUTVE OFFICER traded Samsara Inc shares for $47.35 each. Upon closing the transaction, the insider’s holdings decreased to 54,066 shares, worth approximately $0.0.
As published in a research note from BMO Capital Markets on December 06, 2024, Samsara Inc [IOT] has been retained to a Market perform and the price target has been revised to $57. Analysts at Craig Hallum started covering the stock with ‘”a Hold”‘ outlook in a report released in late October. As of October 08, 2024, Exane BNP Paribas has initiated its “Neutral” rating for IOT. Earlier on September 06, 2024, BMO Capital Markets resumed its rating. Their recommendation was “a Market perform” for IOT stock.
Analyzing IOT Stock Performance
During the last five days, there has been a surge of approximately 6.61%. Over the course of the year, Samsara Inc shares have jumped approximately 16.66%. Shares of the company reached a 52-week high of $52.16 on 01/28/25 and a 52-week low of $42.36 on 01/10/25. A 50-day SMA is recorded $48.37, while a 200-day SMA reached $42.23. Nevertheless, trading volume fell to 2.9 million shares from 3.32 million shares the previous day.
Support And Resistance Levels for Samsara Inc (IOT)
According to the 24-hour chart, there is a support level at 50.33, which, if violated, would cause prices to drop to 49.70. In the upper region, resistance lies at 51.71. The next price resistance is at 52.46. RSI (Relative Strength Index) is 65.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.76, which suggests the price will increase in the coming days. Percent R is at 12.14%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
