Fortinet Inc’s recent filing unveils that its VP, ENGINEERING & CTO Xie Michael unloaded Company’s shares for reported $0.38 million on May 02 ’25. In the deal valued at $106.11 per share,3,546 shares were sold. As a result of this transaction, Xie Michael now holds 11,000,068 shares worth roughly $1.2 billion.
Then, Xie Ken sold 158,488 shares, generating $16,814,799 in total proceeds. Upon selling the shares at $106.10, the PRESIDENT & CEO now owns 51,391,879 shares.
Before that, MICHAEL XIE bought 3,546 shares. Fortinet Inc shares valued at $369,529 were divested by the Director at a price of $104.21 per share.
Roth Capital initiated its Fortinet Inc [FTNT] rating to a Neutral in a research note published on April 23, 2025; the price target was $103. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in early April with a ‘”an Equal-weight”‘ rating.
Price Performance Review of FTNT
On Monday, Fortinet Inc [NASDAQ:FTNT] saw its stock jump 2.36% to $108.69. Over the last five days, the stock has gained 5.89%. Fortinet Inc shares have risen nearly 15.04% since the year began. Nevertheless, the stocks have risen 71.08% 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 04/07/25. SMA at 50 days reached $99.47, while 200 days put it at $88.86.
Levels Of Support And Resistance For FTNT Stock
The 24-hour chart illustrates a support level at 105.66, which if violated will result in even more drops to 102.62. On the upside, there is a resistance level at 110.53. A further resistance level may holdings at 112.36. The Relative Strength Index (RSI) on the 14-day chart is 66.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.54%. Stochastics %K at 92.97% indicates the stock is a selling.
