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

Perficient Inc.’s filing revealed 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 $8.2 million.

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 $1.14 million.

Alliance Global Partners upgraded its Perficient Inc. [PRFT] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in mid March with a ‘”a Neutral”‘ rating. Scotiabank also remained covering PRFT and has decreased its forecast on July 28, 2023 with a “Sector perform” recommendation from previously “Sector outperform” rating. JP Morgan revised its rating on July 28, 2023. It rated PRFT as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of PRFT

On Monday, Perficient Inc. [NASDAQ:PRFT] saw its stock jump 1.09% to $43.46. Over the last five days, the stock has lost -3.68%. Perficient Inc. shares have fallen nearly -33.97% since the year began. Nevertheless, the stocks have fallen -31.47% over the past one year. While a 52-week high of $96.93 was reached on 01/23/24, a 52-week low of $42.51 was recorded on 04/25/24. SMA at 50 days reached $56.64, while 200 days put it at $62.61. A total of 0.54 million shares were traded, compared to the trading of 0.45 million shares in the previous session.

Levels Of Support And Resistance For PRFT Stock

The 24-hour chart illustrates a support level at 43.05, which if violated will result in even more drops to 42.64. On the upside, there is a resistance level at 43.96. A further resistance level may holdings at 44.46. The Relative Strength Index (RSI) on the 14-day chart is 28.02, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.23%. Stochastics %K at 5.19% indicates the stock is a buying.

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