Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Perficient Inc. shares valued at $321,799 were sold by Hogan Thomas J. on Feb 22 ’24. At $69.10 per share, Hogan Thomas J. sold 4,657 shares. The insider’s holdings dropped to 188,647 shares worth approximately $13.88 million following the completion of this transaction.
Also, MARTIN PAUL E sold 2,329 shares, netting a total of over 160,934 in proceeds. Following the sale of shares at $69.10 each, the insider now holds 210,313 shares.
Before that, Sheen Kevin Thomas had sold 338 shares from its account. In a trade valued at $23,356, the Senior Vice President traded Perficient Inc. shares for $69.10 each. Upon closing the transaction, the insider’s holdings decreased to 338 shares, worth approximately $1.93 million.
As published in a research note from Alliance Global Partners on April 23, 2024, Perficient Inc. [PRFT] has been rated up from a Neutral to a Buy and the price target has been revised to $67. Analysts at Guggenheim started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid March. As of July 28, 2023, Scotiabank has decreased its “Sector outperform” rating to a “Sector perform” for PRFT. Earlier on July 28, 2023, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for PRFT stock which previously was a “an Overweight”.
Analyzing PRFT Stock Performance
During the last five days, there has been a surge of approximately 50.62%. Over the course of the year, Perficient Inc. shares have jumped approximately 11.79%. Shares of the company reached a 52-week high of $73.89 on 05/08/24 and a 52-week low of $42.51 on 04/25/24. A 50-day SMA is recorded $55.51, while a 200-day SMA reached $61.28. Nevertheless, trading volume fell to 0.59 million shares from 2.61 million shares the previous day.
Support And Resistance Levels for Perficient Inc. (PRFT)
According to the 24-hour chart, there is a support level at 73.47, which, if violated, would cause prices to drop to 73.35. In the upper region, resistance lies at 73.67. The next price resistance is at 73.75. RSI (Relative Strength Index) is 79.55 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 19.90, which suggests the price will increase in the coming days. Percent R is at 0.99%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
