Confluent Inc’s filing revealed that its CHIEF EXECUTIVE OFFICER Kreps Edward Jay unloaded Company’s shares for reported $7.52 million on Feb 20 ’25. In the deal valued at $32.33 per share,232,500 shares were sold. As a result of this transaction, Kreps Edward Jay now holds 452,488 shares worth roughly $14.07 million.
Then, KONG PHAN bought 3,040 shares, generating $94,270 in total proceeds.
Before that, EDWARD JAY KREPS bought 232,500 shares. Confluent Inc shares valued at $7,725,975 were divested by the Director at a price of $33.23 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 jump 0.26% to $31.09. Over the last five days, the stock has lost -10.79%. Confluent Inc shares have risen nearly 11.19% since the year began. Nevertheless, the stocks have fallen -4.57% 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 $30.01, while 200 days put it at $26.30.
Levels Of Support And Resistance For CFLT Stock
The 24-hour chart illustrates a support level at 29.86, which if violated will result in even more drops to 28.64. On the upside, there is a resistance level at 31.85. A further resistance level may holdings at 32.62. The Relative Strength Index (RSI) on the 14-day chart is 49.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.02%. Stochastics %K at 33.01% indicates the stock is a holding.
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.
