Confluent Inc’s recent filing unveils that its Director SEQUOIA CAPITAL FUND, LP acquired Company’s shares for reported $9.83 million on Dec 09 ’24. In the deal valued at $32.69 per share,300,713 shares were bought.
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Then, SEQUOIA CAPITAL FUND PARALLEL, bought 46,933 shares, generating $1,534,207 in total proceeds.
Before that, JONATHAN CHADWICK bought 68,750 shares. Confluent Inc shares valued at $2,314,125 were divested by the Director at a price of $33.66 per share.
Robert W. Baird initiated its Confluent Inc [CFLT] rating to a Neutral in a research note published on September 04, 2024; the price target was $23. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “an Overweight”. Evercore ISI began covering CFLT with “an Outperform” recommendation on June 11, 2024. Oppenheimer started covering the stock on May 17, 2024. It rated CFLT as “an Outperform”.
Price Performance Review of CFLT
On Monday, Confluent Inc [NASDAQ:CFLT] saw its stock fall -3.62% to $32.44. Over the last five days, the stock has gained 4.65%. Confluent Inc shares have risen nearly 38.63% since the year began. Nevertheless, the stocks have risen 40.80% over the past one year. While a 52-week high of $35.07 was reached on 03/04/24, a 52-week low of $17.79 was recorded on 08/05/24. SMA at 50 days reached $25.72, while 200 days put it at $26.40.
Levels Of Support And Resistance For CFLT Stock
The 24-hour chart illustrates a support level at 31.75, which if violated will result in even more drops to 31.07. On the upside, there is a resistance level at 33.51. A further resistance level may holdings at 34.59. The Relative Strength Index (RSI) on the 14-day chart is 66.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.90%. Stochastics %K at 88.37% indicates the stock is a selling.
How much short interest is there in Confluent Inc?
A steep rise in short interest was recorded in Confluent Inc stocks on 2024-11-15, dropping by -4.11 million shares to a total of 15.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 20.06 million shares. There was a decline of -25.76%, which implies that there is a negative sentiment for the stock.
