Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Confluent Inc shares valued at $1,197,600 were sold by Narkhede Neha on May 02 ’25. At $19.96 per share, Narkhede Neha sold 60,000 shares. The insider’s holdings dropped to 20,247 shares worth approximately $0.42 million following the completion of this transaction.
Also, NEHA NARKHEDE purchased 60,000 shares, netting a total of over 1,166,400 in proceeds.
Before that, Phan Kong had sold 3,175 shares from its account. In a trade valued at $85,280, the Chief Accounting Officer traded Confluent Inc shares for $26.86 each. Upon closing the transaction, the insider’s holdings decreased to 3,175 shares, worth approximately $5.17 million.
As published in their initiating research note from Raymond James on April 11, 2025, Confluent Inc [CFLT] has been an Outperform and the price target has been revised to $30. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late February. As of January 16, 2025, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for CFLT. Earlier on September 04, 2024, Robert W. Baird initiated its rating. Their recommendation was “a Neutral” for CFLT stock.
Analyzing CFLT Stock Performance
During the last five days, there has been a surge of approximately 7.92%. Over the course of the year, Confluent Inc shares have dropped approximately -24.96%. Shares of the company reached a 52-week high of $37.90 on 02/12/25 and a 52-week low of $18.26 on 04/07/25. A 50-day SMA is recorded $24.18, while a 200-day SMA reached $25.33.
Support And Resistance Levels for Confluent Inc (CFLT)
According to the 24-hour chart, there is a support level at 20.63, which, if violated, would cause prices to drop to 20.29. In the upper region, resistance lies at 21.27. The next price resistance is at 21.57. RSI (Relative Strength Index) is 43.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.21, which suggests the price will decrease in the coming days. Percent R is at 65.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
