The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Fortinet Inc shares valued at $4,702,942 were purchased by KEITH JENSEN on Feb 19 ’25. At $114.26 per share, KEITH JENSEN acquired 41,160 shares.
Also, Xie Ken sold 22,700 shares, netting a total of over 2,468,700 in proceeds. Following the sale of shares at $108.75 each, the insider now holds 51,428,933 shares.
Before that, Xie Ken had sold 22,721 shares from its account. In a trade valued at $2,422,367, the PRESIDENT & CEO traded Fortinet Inc shares for $106.61 each. Upon closing the transaction, the insider’s holdings decreased to 22,721 shares, worth approximately $5.89 billion.
As published in a research note from Robert W. Baird on February 03, 2025, Fortinet Inc [FTNT] has been rated down from an Outperform to a Neutral and the price target has been revised to $112 from $105. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid January. As of January 06, 2025, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for FTNT. Earlier on December 19, 2024, KeyBanc Capital Markets upgraded its rating. Their new recommendation was “an Overweight” for FTNT stock which previously was a “a Sector weight”.
Analyzing FTNT Stock Performance
During the last five days, there has been a surge of approximately 5.76%. Over the course of the year, Fortinet Inc shares have jumped approximately 21.26%. Shares of the company reached a 52-week high of $114.82 on 02/18/25 and a 52-week low of $90.80 on 01/14/25. A 50-day SMA is recorded $99.48, while a 200-day SMA reached $78.44. Nevertheless, trading volume fell to 4.85 million shares from 6.67 million shares the previous day.
Support And Resistance Levels for Fortinet Inc (FTNT)
According to the 24-hour chart, there is a support level at 112.76, which, if violated, would cause prices to drop to 110.94. In the upper region, resistance lies at 115.51. The next price resistance is at 116.44. RSI (Relative Strength Index) is 80.07 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.42, which suggests the price will increase in the coming days. Percent R is at 1.50%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
