Fortinet Inc’s filing revealed 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 $1.07 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.
BMO Capital Markets reiterated its Fortinet Inc [FTNT] rating to a Market perform in a research note published on May 08, 2025; the price target was $110. A number of analysts have revised their coverage, including DZ Bank’s analysts, who decreased its forecast for the stock in early May from “a Hold” to “a Sell”. Roth Capital began covering FTNT with “Neutral” recommendation on April 23, 2025. Stephens started covering the stock on April 01, 2025. It rated FTNT as “an Equal-weight”.
Price Performance Review of FTNT
On Friday, Fortinet Inc [NASDAQ:FTNT] saw its stock fall -0.33% to $97.42. Over the last five days, the stock has lost -8.25%. Fortinet Inc shares have risen nearly 3.11% since the year began. Nevertheless, the stocks have risen 63.92% 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 $98.99, while 200 days put it at $89.74.
Levels Of Support And Resistance For FTNT Stock
The 24-hour chart illustrates a support level at 95.77, which if violated will result in even more drops to 94.11. On the upside, there is a resistance level at 98.73. A further resistance level may holdings at 100.03. The Relative Strength Index (RSI) on the 14-day chart is 44.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.84%. Stochastics %K at 51.89% indicates the stock is a holding.
