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 $5.66 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 $5.79 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 Monday, Confluent Inc [NASDAQ:CFLT] saw its stock jump 4.80% to $31.46. Over the last five days, the stock has gained 8.63%. Confluent Inc shares have risen nearly 12.52% since the year began. Nevertheless, the stocks have risen 29.52% over the past one year. While a 52-week high of $35.07 was reached on 01/28/25, a 52-week low of $17.79 was recorded on 01/16/25. SMA at 50 days reached $29.73, while 200 days put it at $26.09.
Levels Of Support And Resistance For CFLT Stock
The 24-hour chart illustrates a support level at 30.68, which if violated will result in even more drops to 29.90. On the upside, there is a resistance level at 32.08. A further resistance level may holdings at 32.70. The Relative Strength Index (RSI) on the 14-day chart is 63.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.96%. Stochastics %K at 69.14% 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 2025-01-15, dropping by -0.99 million shares to a total of 12.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 13.88 million shares. There was a decline of -7.7%, 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.
