Confluent Inc’s recent filing unveils that its CHIEF EXECUTIVE OFFICER Kreps Edward Jay unloaded Company’s shares for reported $6.83 million on Mar 06 ’25. In the deal valued at $29.36 per share,232,500 shares were sold. As a result of this transaction, Kreps Edward Jay now holds 452,488 shares worth roughly $11.93 million.
Then, Schultz Erica sold 63,729 shares, generating $1,878,100 in total proceeds. Upon selling the shares at $29.47, the PRESIDENT, FIELD OPERATIONS now owns 502,424 shares.
Before that, EDWARD JAY KREPS bought 465,000 shares. Confluent Inc shares valued at $14,973,000 were divested by the Director at a price of $32.20 per share.
UBS upgraded its Confluent Inc [CFLT] rating to a Buy from a a Neutral in a research note published on February 26, 2025; the price target was increased to $38 from $34. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “an Equal-weight”. Robert W. Baird began covering CFLT with “Neutral” recommendation on September 04, 2024. JP Morgan revised its rating on August 09, 2024. It rated CFLT as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of CFLT
On Friday, Confluent Inc [NASDAQ:CFLT] saw its stock jump 2.17% to $26.36. Over the last five days, the stock has lost -0.94%. Confluent Inc shares have fallen nearly -5.72% since the year began. Nevertheless, the stocks have fallen -17.47% 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 03/10/25. SMA at 50 days reached $29.56, while 200 days put it at $26.14.
Levels Of Support And Resistance For CFLT Stock
The 24-hour chart illustrates a support level at 26.02, which if violated will result in even more drops to 25.69. On the upside, there is a resistance level at 26.82. A further resistance level may holdings at 27.28. The Relative Strength Index (RSI) on the 14-day chart is 40.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.64%. Stochastics %K at 26.56% indicates the stock is a holding.
How much short interest is there in Confluent Inc?
A steep rise in short interest was recorded in Confluent Inc stocks on 2025-02-28, growing by 0.99 million shares to a total of 15.45 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 14.46 million shares. There was a rise of 6.4%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 11, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $35 price target.
