Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Samsara Inc shares valued at $4,716,166 were sold by Biswas Sanjit on Feb 11 ’25. At $55.30 per share, Biswas Sanjit sold 85,291 shares. The insider’s holdings dropped to 132,000 shares worth approximately $7.44 million following the completion of this transaction.
Also, Biswas Sanjit sold 61,623 shares, netting a total of over 3,430,517 in proceeds. Following the sale of shares at $55.67 each, the insider now holds 594,000 shares.
Before that, Biswas Sanjit had sold 13,086 shares from its account. In a trade valued at $729,533, the CHIEF EXECUTVE OFFICER traded Samsara Inc shares for $55.75 each. Upon closing the transaction, the insider’s holdings decreased to 13,086 shares, worth approximately $88.61 million.
As published in their initiating research note from Berenberg on February 03, 2025, Samsara Inc [IOT] has been a Hold and the price target has been revised to $57. Analysts at BMO Capital Markets resumed the stock at ‘”a Market perform”‘ outlook in a report released in early December. As of October 22, 2024, Craig Hallum has initiated its “Hold” rating for IOT. Earlier on October 08, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “a Neutral” for IOT stock.
Analyzing IOT Stock Performance
During the last five days, there has been a surge of approximately 4.35%. Over the course of the year, Samsara Inc shares have jumped approximately 29.02%. Shares of the company reached a 52-week high of $56.54 on 02/13/25 and a 52-week low of $42.36 on 01/10/25. A 50-day SMA is recorded $48.54, while a 200-day SMA reached $43.41. Nevertheless, trading volume fell to 2.86 million shares from 2.68 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 55.14, which, if violated, would cause prices to drop to 53.90. In the upper region, resistance lies at 57.07. The next price resistance is at 57.77. RSI (Relative Strength Index) is 77.34 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.61, which suggests the price will increase in the coming days. Percent R is at 1.59%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
