Checking in on Perficient Inc. (PRFT) after recent insiders movement

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Perficient Inc.’s recently made public that its President and CEO Hogan Thomas J. unloaded Company’s shares for reported $0.32 million on Feb 22 ’24. In the deal valued at $69.10 per share,4,657 shares were sold. As a result of this transaction, Hogan Thomas J. now holds 188,647 shares worth roughly $10.51 million.

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Then, MARTIN PAUL E sold 2,329 shares, generating $160,934 in total proceeds. Upon selling the shares at $69.10, the Chief Financial Officer now owns 210,313 shares.

Before that, Sheen Kevin Thomas sold 338 shares. Perficient Inc. shares valued at $23,356 were divested by the Senior Vice President at a price of $69.10 per share. As a result of the transaction, Sheen Kevin Thomas now holds 26,195 shares, worth roughly $1.46 million.

Guggenheim initiated its Perficient Inc. [PRFT] rating to a Neutral in a research note published on March 19, 2024; the price target was $65. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in late July from “a Sector outperform” to “a Sector perform”. JP Morgan also remained covering PRFT and has decreased its forecast on July 28, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. Alliance Global Partners revised its rating on February 17, 2023. It rated PRFT as “a Neutral” which previously was an “a Buy”.

Price Performance Review of PRFT

On Tuesday, Perficient Inc. [NASDAQ:PRFT] saw its stock jump 0.04% to $55.72. Over the last five days, the stock has gained 2.20%. Perficient Inc. shares have fallen nearly -15.34% since the year began. Nevertheless, the stocks have fallen -19.32% over the past one year. While a 52-week high of $96.93 was reached on 01/23/24, a 52-week low of $51.23 was recorded on 03/26/24. SMA at 50 days reached $65.25, while 200 days put it at $65.86. A total of 0.31 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For PRFT Stock

The 24-hour chart illustrates a support level at 54.70, which if violated will result in even more drops to 53.68. On the upside, there is a resistance level at 56.39. A further resistance level may holdings at 57.06. The Relative Strength Index (RSI) on the 14-day chart is 34.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.49%. Stochastics %K at 25.51% indicates the stock is a holding.

How much short interest is there in Perficient Inc.?

A steep rise in short interest was recorded in Perficient Inc. stocks on Mar 15, 2024, dropping by -0.12 million shares to a total of 1.02 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.14 million shares. There was a decline of -11.76%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.91.

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