Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Confluent Inc shares valued at $238,927 were purchased by KONG PHAN on Feb 13 ’25. At $37.65 per share, KONG PHAN acquired 6,346 shares.
Also, THE KHAKAL TRUST U/T/A DTD 10/ purchased 2,381 shares, netting a total of over 89,645 in proceeds.
Before that, THE VISHRIA REVOCABLE TRUST U/ had added 75,000 shares to its account. In a trade valued at $2,823,750, the Director bought Confluent Inc shares for $37.65 each.
As published in a research note from Morgan Stanley on January 16, 2025, Confluent Inc [CFLT] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $30 from $33. Analysts at Robert W. Baird started covering the stock with ‘”a Neutral”‘ outlook in a report released in early September. As of August 09, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for CFLT. Earlier on June 11, 2024, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for CFLT stock.
Analyzing CFLT Stock Performance
During the last five days, there has been a surge of approximately 21.21%. Over the course of the year, Confluent Inc shares have jumped approximately 29.58%. Shares of the company reached a 52-week high of $37.90 on 02/12/25 and a 52-week low of $26.04 on 01/16/25. A 50-day SMA is recorded $29.95, while a 200-day SMA reached $26.17. Nevertheless, trading volume fell to 14.66 million shares from 22.93 million shares the previous day.
Support And Resistance Levels for Confluent Inc (CFLT)
According to the 24-hour chart, there is a support level at 35.19, which, if violated, would cause prices to drop to 34.15. In the upper region, resistance lies at 37.08. The next price resistance is at 37.93. RSI (Relative Strength Index) is 68.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.79, which suggests the price will increase in the coming days. Percent R is at 16.95%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
