Samsara Inc’s recent filing unveils that its Officer ADAM ELTOUKHY acquired Company’s shares for reported $0.98 million on Feb 03 ’25. In the deal valued at $51.50 per share,19,030 shares were bought.
Then, Biswas Sanjit sold 107,260 shares, generating $5,484,433 in total proceeds. Upon selling the shares at $51.13, the CHIEF EXECUTVE OFFICER now owns 138,000 shares.
Before that, Biswas Sanjit sold 52,740 shares. Samsara Inc shares valued at $2,684,427 were divested by the CHIEF EXECUTVE OFFICER at a price of $50.90 per share. As a result of the transaction, Biswas Sanjit now holds 621,000 shares, worth roughly $32.66 million.
Berenberg initiated its Samsara Inc [IOT] rating to a Hold in a research note published on February 03, 2025; the price target was $57. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Market perform”‘ rating for it. Craig Hallum began covering IOT with “Hold” recommendation on October 22, 2024. Exane BNP Paribas started covering the stock on October 08, 2024. It rated IOT as “a Neutral”.
Price Performance Review of IOT
On Tuesday, Samsara Inc [NYSE:IOT] saw its stock jump 2.30% to $52.59. Over the last five days, the stock has gained 1.49%. Samsara Inc shares have risen nearly 20.37% since the year began. Nevertheless, the stocks have risen 66.27% over the past one year. While a 52-week high of $57.51 was reached on 01/31/25, 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 $42.64.
Levels Of Support And Resistance For IOT Stock
The 24-hour chart illustrates a support level at 51.95, which if violated will result in even more drops to 51.31. On the upside, there is a resistance level at 52.97. A further resistance level may holdings at 53.34. The Relative Strength Index (RSI) on the 14-day chart is 68.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.25%. Stochastics %K at 88.36% 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 September 06, 2024 when BMO Capital Markets resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $44.
