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Confluent Inc’s latest rating changes from various analysts

In a filing, Confluent Inc revealed its CHIEF TECHNOLOGY OFFICER Verbowski Chad unloaded Company’s shares for reported $0.25 million on Mar 20 ’24. In the deal valued at $31.20 per share,8,086 shares were sold. As a result of this transaction, Verbowski Chad now holds 532,072 shares worth roughly $15.36 million.

Then, Sivaram Rohan sold 588 shares, generating $18,346 in total proceeds. Upon selling the shares at $31.20, the CHIEF FINANCIAL OFFICER now owns 600,166 shares.

Before that, Liu Ying Christina sold 407 shares. Confluent Inc shares valued at $12,698 were divested by the CHIEF ACCOUNTING OFFICER at a price of $31.20 per share. As a result of the transaction, Liu Ying Christina now holds 168,338 shares, worth roughly $4.86 million.

Stifel initiated its Confluent Inc [CFLT] rating to a Buy in a research note published on February 21, 2024; the price target was $40. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in late January with a ‘”a Hold”‘ rating. Bernstein began covering CFLT with “an Outperform” recommendation on November 28, 2023. CapitalOne revised its rating on November 08, 2023. It rated CFLT as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of CFLT

On Monday, Confluent Inc [NASDAQ:CFLT] saw its stock fall -2.99% to $28.86. Over the last five days, the stock has gained 5.52%. Confluent Inc shares have risen nearly 23.33% since the year began. Nevertheless, the stocks have risen 25.37% over the past one year. While a 52-week high of $41.22 was reached on 03/04/24, a 52-week low of $14.69 was recorded on 01/18/24. SMA at 50 days reached $30.89, while 200 days put it at $28.41. A total of 2.41 million shares were traded, compared to the trading of 2.81 million shares in the previous session.

Levels Of Support And Resistance For CFLT Stock

The 24-hour chart illustrates a support level at 28.37, which if violated will result in even more drops to 27.87. On the upside, there is a resistance level at 29.72. A further resistance level may holdings at 30.57. The Relative Strength Index (RSI) on the 14-day chart is 47.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.59%. Stochastics %K at 72.04% indicates the stock is a holding.

The most recent change occurred on November 06, 2023 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $22 price target.

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