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Positives for Confluent Inc. (CFLT) as stock gains in recent trading

Confluent Inc. (NASDAQ: CFLT) is 5.13% higher on its value in year-to-date trading and has touched a low of $16.48 and a high of $81.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CFLT stock was last observed hovering at around $21.45 in the last trading session, with the day’s gains setting it 1.93% off its average median price target of $30.00 for the next 12 months. It is also 57.49% off the consensus price target high of $55.00 offered by 19 analysts, but current levels are -23.05% lower than the price target low of $19.00 for the same period.

Currently trading at $23.38, the stock is 12.11% and 8.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.35 million and changing 9.00% at the moment leaves the stock -7.06% off its SMA200. CFLT registered -62.29% loss for a year compared to 6-month loss of -8.67%.

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The stock witnessed a 3.18% gain in the last 1 month and extending the period to 3 months gives it a -3.75%, and is 14.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.68% over the week and 6.82% over the month.

Confluent Inc. (CFLT) has around 1981 employees, a market worth around $6.31B and $537.20M in sales. Profit margin for the company is -85.80%. Distance from 52-week low is 41.84% and -71.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.80%).

Confluent Inc. (CFLT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Confluent Inc. (CFLT) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 2.40, where 7 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Confluent Inc. is expected to release its quarterly report on 05/04/2023.The EPS is expected to shrink by -38.60% this year.

Confluent Inc. (CFLT) Top Institutional Holders

The shares outstanding are 282.27M, and float is at 151.39M with Short Float at 8.69%.

Confluent Inc. (CFLT) Insider Activity

A total of 130 insider transactions have happened at Confluent Inc. (CFLT) in the last six months, with sales accounting for 73 and purchases happening 57 times. The most recent transaction is an insider sale by Liu Ying Christina,the company’sChief Accounting Officer. SEC filings show that Liu Ying Christina sold 380 shares of the company’s common stock on Dec 21 at a price of $23.11 per share for a total of $8782.0. Following the sale, the insider now owns 38990.0 shares.

Confluent Inc. disclosed in a document filed with the SEC on Dec 21 that Verbowski Chad (SVP of Engineering) sold a total of 7,668 shares of the company’s common stock. The trade occurred on Dec 21 and was made at $23.11 per share for $0.18 million. Following the transaction, the insider now directly holds 0.33 million shares of the CFLT stock.

Still, SEC filings show that on Dec 13, Buscemi Stephanie (Chief Marketing Officer) disposed off 5,514 shares at an average price of $25.00 for $0.14 million. The insider now directly holds 39,270 shares of Confluent Inc. (CFLT).

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