Confluent Inc’s recent filing unveils that its Chief Accounting Officer Phan Kong unloaded Company’s shares for reported $85280.0 on Mar 20 ’25. In the deal valued at $26.86 per share,3,175 shares were sold. As a result of this transaction, Phan Kong now holds 246,516 shares worth roughly $6.0 million.
Then, Kreps Edward Jay sold 232,500 shares, generating $6,826,763 in total proceeds. Upon selling the shares at $29.36, the CHIEF EXECUTIVE OFFICER now owns 452,488 shares.
Before that, Schultz Erica sold 63,729 shares. Confluent Inc shares valued at $1,878,100 were divested by the PRESIDENT, FIELD OPERATIONS at a price of $29.47 per share. As a result of the transaction, Schultz Erica now holds 502,424 shares, worth roughly $12.22 million.
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 fall -4.85% to $24.33. Over the last five days, the stock has lost -8.19%. Confluent Inc shares have fallen nearly -12.98% since the year began. Nevertheless, the stocks have fallen -21.52% 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 $29.19, while 200 days put it at $26.11.
Levels Of Support And Resistance For CFLT Stock
The 24-hour chart illustrates a support level at 23.84, which if violated will result in even more drops to 23.34. On the upside, there is a resistance level at 25.00. A further resistance level may holdings at 25.67. The Relative Strength Index (RSI) on the 14-day chart is 36.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.60%. Stochastics %K at 35.90% 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 2025-03-14, dropping by -0.74 million shares to a total of 16.52 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 17.26 million shares. There was a decline of -4.47%, which implies that there is a negative 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.
