Fortinet Inc’s recent filing unveils that its Chief Financial Officer Jensen Keith unloaded Company’s shares for reported $2.67 million on Feb 19 ’25. In the deal valued at $113.56 per share,23,500 shares were sold. As a result of this transaction, Jensen Keith now holds 4,736 shares worth roughly $0.51 million.
Then, KEITH JENSEN bought 41,160 shares, generating $4,702,942 in total proceeds.
Before that, Xie Ken sold 22,700 shares. Fortinet Inc shares valued at $2,468,700 were divested by the PRESIDENT & CEO at a price of $108.75 per share. As a result of the transaction, Xie Ken now holds 51,428,933 shares, worth roughly $5.56 billion.
Robert W. Baird downgraded its Fortinet Inc [FTNT] rating to a Neutral from a an Outperform in a research note published on February 03, 2025; the price target was increased to $112 from $105. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “a Mkt perform”. Piper Sandler also remained covering FTNT and has increased its forecast on January 06, 2025 with a “an Overweight” recommendation from previously “Neutral” rating. KeyBanc Capital Markets revised its rating on December 19, 2024. It rated FTNT as “an Overweight” which previously was an “a Sector weight”.
Price Performance Review of FTNT
On Tuesday, Fortinet Inc [NASDAQ:FTNT] saw its stock fall -0.58% to $108.06. Over the last five days, the stock has lost -5.43%. Fortinet Inc shares have risen nearly 14.37% since the year began. Nevertheless, the stocks have risen 61.38% over the past one year. While a 52-week high of $114.82 was reached on 02/18/25, a 52-week low of $54.57 was recorded on 01/14/25. SMA at 50 days reached $100.46, while 200 days put it at $79.44.
Levels Of Support And Resistance For FTNT Stock
The 24-hour chart illustrates a support level at 106.37, which if violated will result in even more drops to 104.68. On the upside, there is a resistance level at 109.16. A further resistance level may holdings at 110.26. The Relative Strength Index (RSI) on the 14-day chart is 56.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.12%. Stochastics %K at 58.57% indicates the stock is a holding.
The most recent change occurred on November 19, 2024 when BMO Capital Markets resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $100.
