Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Confluent Inc shares valued at $1,227,311 were sold by Narkhede Neha on Mar 03 ’25. At $30.68 per share, Narkhede Neha sold 40,000 shares. The insider’s holdings dropped to 20,247 shares worth approximately $0.65 million following the completion of this transaction.
Also, Sivaram Rohan sold 11,000 shares, netting a total of over 342,552 in proceeds. Following the sale of shares at $31.14 each, the insider now holds 701,403 shares.
Before that, ERICA SCHULTZ had added 254,916 shares to its account. In a trade valued at $7,588,849, the Officer bought Confluent Inc shares for $29.77 each.
As published in a research note from UBS on February 26, 2025, Confluent Inc [CFLT] has been rated up from a Neutral to a Buy and the price target has been revised to $38 from $34. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid January. As of September 04, 2024, Robert W. Baird has initiated its “Neutral” rating for CFLT. Earlier on August 09, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for CFLT stock which previously was a “a Neutral”.
Analyzing CFLT Stock Performance
During the last five days, there has been a surge of approximately 4.58%. Over the course of the year, Confluent Inc shares have jumped approximately 15.16%. 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 $30.00, while a 200-day SMA reached $26.33.
Support And Resistance Levels for Confluent Inc (CFLT)
According to the 24-hour chart, there is a support level at 30.41, which, if violated, would cause prices to drop to 28.61. In the upper region, resistance lies at 33.31. The next price resistance is at 34.42. RSI (Relative Strength Index) is 54.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.57, which suggests the price will decrease in the coming days. Percent R is at 55.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
