In a filing, Fortinet Inc revealed its Director GOLDMAN KENNETH A unloaded Company’s shares for reported $0.2 million on Mar 12 ’25. In the deal valued at $100.00 per share,2,000 shares were sold. As a result of this transaction, GOLDMAN KENNETH A now holds 18,612 shares worth roughly $1.8 million.
Then, Xie Michael sold 326,784 shares, generating $32,079,517 in total proceeds. Upon selling the shares at $98.17, the VP, ENGINEERING & CTO now owns 11,000,068 shares.
Before that, GOLDMAN KENNETH A sold 1,000 shares. Fortinet Inc shares valued at $99,320 were divested by the Director at a price of $99.32 per share. As a result of the transaction, GOLDMAN KENNETH A now holds 20,612 shares, worth roughly $2.0 million.
Robert W. Baird also remained covering FTNT and has decreased its forecast on February 03, 2025 with a “Neutral” recommendation from previously “an Outperform” rating. Raymond James revised its rating on January 14, 2025. It rated FTNT as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of FTNT
On Tuesday, Fortinet Inc [NASDAQ:FTNT] saw its stock jump 0.25% to $96.91. Over the last five days, the stock has lost -1.39%. Fortinet Inc shares have risen nearly 2.57% since the year began. Nevertheless, the stocks have risen 42.43% 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 $101.95, while 200 days put it at $82.52.
Levels Of Support And Resistance For FTNT Stock
The 24-hour chart illustrates a support level at 95.38, which if violated will result in even more drops to 93.86. On the upside, there is a resistance level at 97.86. A further resistance level may holdings at 98.82. The Relative Strength Index (RSI) on the 14-day chart is 38.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.83%. Stochastics %K at 18.50% indicates the stock is a buying.
How much short interest is there in Fortinet Inc?
A steep rise in short interest was recorded in Fortinet Inc stocks on 2025-02-28, growing by 2.79 million shares to a total of 17.96 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 15.17 million shares. There was a rise of 15.52%, which implies that there is a positive sentiment for the stock.
