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Redburn Atlantic analysts initates a Buy rating for Insight Enterprises Inc (NSIT)

CHWY Stock

Insight Enterprises Inc’s filing revealed that its Chief Accounting Officer Crump Rachael Ann Bertrandt unloaded Company’s shares for reported $0.19 million on Feb 28 ’25. In the deal valued at $154.38 per share,1,250 shares were sold. As a result of this transaction, Crump Rachael Ann Bertrandt now holds 4,998 shares worth roughly $0.75 million.

Then, ALLEN RICHARD E sold 6,801 shares, generating $1,064,418 in total proceeds. Upon selling the shares at $156.51, the Director now owns 25,175 shares.

Before that, Crump Rachael Ann Bertrandt bought 1,250 shares. Insight Enterprises Inc shares valued at $191,722 were divested by the Officer at a price of $153.38 per share.

Redburn Atlantic initiated its Insight Enterprises Inc [NSIT] rating to a Buy in a research note published on November 15, 2024; the price target was $220. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Hold”. Sidoti also remained covering NSIT and has decreased its forecast on February 06, 2023 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan started covering the stock on July 14, 2022. It rated NSIT as “a Neutral”.

Price Performance Review of NSIT

On Monday, Insight Enterprises Inc [NASDAQ:NSIT] saw its stock fall -1.72% to $149.99. Over the last five days, the stock has lost -6.50%. Insight Enterprises Inc shares have fallen nearly -1.39% since the year began. Nevertheless, the stocks have fallen -19.43% over the past one year. While a 52-week high of $228.07 was reached on 02/06/25, a 52-week low of $146.56 was recorded on 03/04/25. SMA at 50 days reached $161.66, while 200 days put it at $183.36.

Levels Of Support And Resistance For NSIT Stock

The 24-hour chart illustrates a support level at 148.93, which if violated will result in even more drops to 147.86. On the upside, there is a resistance level at 151.65. A further resistance level may holdings at 153.30. The Relative Strength Index (RSI) on the 14-day chart is 39.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.79%. Stochastics %K at 22.88% indicates the stock is a holding.

How much short interest is there in Insight Enterprises Inc?

A steep rise in short interest was recorded in Insight Enterprises Inc stocks on 2025-03-14, dropping by 99028.0 shares to a total of 1.67 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.77 million shares. There was a decline of -5.94%, which implies that there is a negative sentiment for the stock.

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