Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fortinet Inc shares valued at $200,000 were sold by GOLDMAN KENNETH A on Mar 12 ’25. At $100.00 per share, GOLDMAN KENNETH A sold 2,000 shares. The insider’s holdings dropped to 18,612 shares worth approximately $1.85 million following the completion of this transaction.
Also, Xie Michael sold 326,784 shares, netting a total of over 32,079,517 in proceeds. Following the sale of shares at $98.17 each, the insider now holds 11,000,068 shares.
Before that, GOLDMAN KENNETH A had sold 1,000 shares from its account. In a trade valued at $99,320, the Director traded Fortinet Inc shares for $99.32 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.05 million.
As of February 03, 2025, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for FTNT. Earlier on January 14, 2025, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for FTNT stock which previously was a “an Outperform”.
Analyzing FTNT Stock Performance
During the last five days, there has been a surge of approximately 1.11%. Over the course of the year, Fortinet Inc shares have jumped approximately 5.36%. Shares of the company reached a 52-week high of $114.82 on 02/18/25 and a 52-week low of $90.80 on 01/14/25. A 50-day SMA is recorded $102.54, while a 200-day SMA reached $83.94.
Support And Resistance Levels for Fortinet Inc (FTNT)
According to the 24-hour chart, there is a support level at 98.70, which, if violated, would cause prices to drop to 97.85. In the upper region, resistance lies at 100.68. The next price resistance is at 101.81. RSI (Relative Strength Index) is 46.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.79, which suggests the price will increase in the coming days. Percent R is at 30.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
