Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Confluent Inc shares valued at $7,725,975 were purchased by EDWARD JAY KREPS on Feb 20 ’25. At $33.23 per share, EDWARD JAY KREPS acquired 232,500 shares.
Also, Volpi Michelangelo sold 25,000 shares, netting a total of over 905,379 in proceeds. Following the sale of shares at $36.22 each, the insider now holds 292,079 shares.
Before that, Sivaram Rohan had sold 68,350 shares from its account. In a trade valued at $2,476,193, the CHIEF FINANCIAL OFFICER traded Confluent Inc shares for $36.23 each. Upon closing the transaction, the insider’s holdings decreased to 68,350 shares, worth approximately $16.93 million.
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 drop of approximately -13.57%. Over the course of the year, Confluent Inc shares have jumped approximately 16.38%. 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 $30.09, while a 200-day SMA reached $26.28. Nevertheless, trading volume fell to 8.44 million shares from 6.43 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 31.57, which, if violated, would cause prices to drop to 30.60. In the upper region, resistance lies at 33.37. The next price resistance is at 34.20. RSI (Relative Strength Index) is 54.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.56, which suggests the price will increase in the coming days. Percent R is at 55.54%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
