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William Blair gives an Outperform recommendation for Korn Ferry (KFY)

Korn Ferry’s recent filing unveils that its Executive Michael Distefano acquired Company’s shares for reported $0.36 million on Sep 23 ’24. In the deal valued at $72.00 per share,5,000 shares were bought.

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Then, ROZEK ROBERT P sold 29,079 shares, generating $2,187,549 in total proceeds. Upon selling the shares at $75.23, the EVP, CFO & CCO now owns 125,456 shares.

Before that, ROZEK ROBERT P sold 20,921 shares. Korn Ferry shares valued at $1,580,255 were divested by the EVP, CFO & CCO at a price of $75.53 per share. As a result of the transaction, ROZEK ROBERT P now holds 154,535 shares, worth roughly $11.41 million.

William Blair upgraded its Korn Ferry [KFY] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid September with a ‘”a Neutral”‘ rating. William Blair also remained covering KFY and has decreased its forecast on November 25, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. Robert W. Baird revised its rating on November 25, 2020. It rated KFY as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of KFY

On Monday, Korn Ferry [NYSE:KFY] saw its stock fall -1.31% to $73.83. Over the last five days, the stock has gained 2.56%. Korn Ferry shares have risen nearly 24.40% since the year began. Nevertheless, the stocks have risen 55.14% over the past one year. While a 52-week high of $76.63 was reached on 09/20/24, a 52-week low of $44.45 was recorded on 01/10/24. SMA at 50 days reached $70.57, while 200 days put it at $64.14.

Levels Of Support And Resistance For KFY Stock

The 24-hour chart illustrates a support level at 72.27, which if violated will result in even more drops to 70.71. On the upside, there is a resistance level at 75.44. A further resistance level may holdings at 77.04. The Relative Strength Index (RSI) on the 14-day chart is 58.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.89%. Stochastics %K at 83.76% indicates the stock is a selling.

How much short interest is there in Korn Ferry?

A steep rise in short interest was recorded in Korn Ferry stocks on 2024-08-30, dropping by -0.16 million shares to a total of 0.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.72 million shares. There was a decline of -29.14%, which implies that there is a negative sentiment for the stock.

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