Confluent Inc’s filing revealed that its Officer KONG PHAN acquired Company’s shares for reported $0.24 million on Feb 13 ’25. In the deal valued at $37.65 per share,6,346 shares were bought.
Then, THE KHAKAL TRUST U/T/A DTD 10/ bought 2,381 shares, generating $89,645 in total proceeds.
Before that, THE VISHRIA REVOCABLE TRUST U/ bought 75,000 shares. Confluent Inc shares valued at $2,823,750 were divested by the Director at a price of $37.65 per share.
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 Friday, Confluent Inc [NASDAQ:CFLT] saw its stock fall -3.81% to $34.85. Over the last five days, the stock has gained 16.09%. Confluent Inc shares have risen nearly 24.64% since the year began. Nevertheless, the stocks have risen 9.42% over the past one year. While a 52-week high of $37.90 was reached on 02/12/25, a 52-week low of $17.79 was recorded on 01/16/25. SMA at 50 days reached $30.03, while 200 days put it at $26.20.
Levels Of Support And Resistance For CFLT Stock
The 24-hour chart illustrates a support level at 34.36, which if violated will result in even more drops to 33.86. On the upside, there is a resistance level at 35.80. A further resistance level may holdings at 36.74. The Relative Strength Index (RSI) on the 14-day chart is 63.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.61%. Stochastics %K at 82.97% 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 2025-01-31, growing by 2.61 million shares to a total of 14.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 11.85 million shares. There was a rise of 18.04%, which implies that there is a positive 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.
