Confluent Inc’s recent filing unveils that its Chief Accounting Officer Phan Kong unloaded Company’s shares for reported $0.11 million on Dec 20 ’24. In the deal valued at $28.74 per share,3,947 shares were sold. As a result of this transaction, Phan Kong now holds 179,939 shares worth roughly $4.95 million.
Then, Narkhede Neha sold 186,300 shares, generating $5,710,300 in total proceeds. Upon selling the shares at $30.65, the Director now owns 20,247 shares.
Before that, Phan Kong sold 12,460 shares. Confluent Inc shares valued at $389,951 were divested by the Chief Accounting Officer at a price of $31.30 per share. As a result of the transaction, Phan Kong now holds 183,886 shares, worth roughly $5.06 million.
Morgan Stanley downgraded its Confluent Inc [CFLT] rating to an Equal-weight from a an Overweight in a research note published on January 16, 2025; the price target was decreased to $30 from $33. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. JP Morgan also remained covering CFLT and has increased its forecast on August 09, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Evercore ISI started covering the stock on June 11, 2024. It rated CFLT as “an Outperform”.
Price Performance Review of CFLT
On Tuesday, Confluent Inc [NASDAQ:CFLT] saw its stock jump 3.03% to $27.51. Over the last five days, the stock has gained 2.08%. Confluent Inc shares have fallen nearly -1.61% since the year began. Nevertheless, the stocks have risen 27.89% over the past one year. While a 52-week high of $35.07 was reached on 01/06/25, a 52-week low of $17.79 was recorded on 01/16/25. SMA at 50 days reached $29.46, while 200 days put it at $26.03.
Levels Of Support And Resistance For CFLT Stock
The 24-hour chart illustrates a support level at 26.94, which if violated will result in even more drops to 26.37. On the upside, there is a resistance level at 27.93. A further resistance level may holdings at 28.34. The Relative Strength Index (RSI) on the 14-day chart is 43.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.33%. Stochastics %K at 21.93% indicates the stock is a holding.
How much short interest is there in Confluent Inc?
A steep rise in short interest was recorded in Confluent Inc stocks on 2024-12-31, dropping by -2.29 million shares to a total of 11.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 14.14 million shares. There was a decline of -19.29%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 17, 2024 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $37 price target.
