Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Netscout Systems Inc shares valued at $67,650 were sold by DOWNING JOHN on Nov 11 ’24. At $22.55 per share, DOWNING JOHN sold 3,000 shares. The insider’s holdings dropped to 133,352 shares worth approximately $3.34 million following the completion of this transaction.
Also, DOWNING JOHN purchased 3,000 shares, netting a total of over 67,650 in proceeds.
Before that, HADZIMA JOSEPH G JR had sold 7,000 shares from its account. In a trade valued at $145,301, the Director traded Netscout Systems Inc shares for $20.76 each. Upon closing the transaction, the insider’s holdings decreased to 7,000 shares, worth approximately $3.29 million.
As published in a research note from Piper Sandler on May 05, 2023, Netscout Systems Inc [NTCT] has been rated up from an Underweight to a Neutral and the price target has been revised to $30. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in late May. As of October 30, 2020, Lake Street has decreased its “Buy” rating to a “Hold” for NTCT. Earlier on October 29, 2020, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for NTCT stock which previously was a “an Underweight”.
Analyzing NTCT Stock Performance
During the last five days, there has been a surge of approximately 8.81%. Over the course of the year, Netscout Systems Inc shares have jumped approximately 15.70%. Shares of the company reached a 52-week high of $27.89 on 01/30/25 and a 52-week low of $21.07 on 01/13/25. A 50-day SMA is recorded $22.11, while a 200-day SMA reached $20.55. Nevertheless, trading volume fell to 0.97 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Netscout Systems Inc (NTCT)
According to the 24-hour chart, there is a support level at 23.94, which, if violated, would cause prices to drop to 22.83. In the upper region, resistance lies at 27.03. The next price resistance is at 29.01. RSI (Relative Strength Index) is 72.11 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.88, which suggests the price will decrease in the coming days. Percent R is at 41.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
