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Confluent Inc (CFLT) Stock Could Soon Reward Patient Investors

Confluent Inc (NASDAQ: CFLT) is 25.30% higher on its value in year-to-date trading and has touched a low of $14.69 and a high of $41.22 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 $29.84 in the last trading session, with the day’s loss setting it -0.52%.

Currently trading at $29.32, the stock is -7.44% and -1.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.89 million and changing -1.74% at the moment leaves the stock 1.16% off its SMA200. CFLT registered 29.05% gain for a year compared to 6-month gain of -0.98%. The firm has a 50-day simple moving average (SMA 50) of $10.78 and a 200-day simple moving average (SMA200) of -$19.48.

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The stock witnessed a -14.52% loss in the last 1 month and extending the period to 3 months gives it a 25.30%, and is -4.56% down 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 4.17% over the week and 3.83% over the month.

Confluent Inc (CFLT) has around 2744 employees, a market worth around $9.17B and $776.95M in sales. Fwd P/E is 87.66. Profit margin for the company is -56.98%. Distance from 52-week low is 99.59% and -28.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.11%).

Confluent Inc quarterly earnings per share for the current quarter are estimated at $0.02 with sales reaching $212.14M over the same period.The EPS is expected to grow by 336.99% this year, but quarterly earnings will post 22.80% year-over-year. Quarterly sales are estimated to grow 21.70% in year-over-year returns.

Confluent Inc (CFLT) Top Institutional Holders

524 institutions hold shares in Confluent Inc (CFLT), with institutional investors hold 90.61% of the company’s shares. The shares outstanding are 224.74M, and float is at 214.36M with Short Float at 8.87%. Institutions hold 86.80% of the Float.

The top institutional shareholder in the company is JP Morgan Chase & Company with over 17.8 million shares valued at $628.58 million. The investor’s holdings represent 8.40% of the CFLT Shares outstanding. As of Jun 29, 2023, the second largest holder is Altimeter Capital Management, LP with 16.31 million shares valued at $575.76 million to account for 7.69% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 16.3 million shares representing 7.69% and valued at over $575.5 million, while FMR, LLC holds 7.12% of the shares totaling 15.1 million with a market value of $533.02 million.

Confluent Inc (CFLT) Insider Activity

The most recent transaction is an insider sale by Verbowski Chad,the company’sCHIEF TECHNOLOGY OFFICER. SEC filings show that Verbowski Chad sold 8,086 shares of the company’s common stock on Mar 20 ’24 at a price of $31.20 per share for a total of $0.25 million. Following the sale, the insider now owns 0.53 million shares.

Confluent Inc disclosed in a document filed with the SEC on Mar 20 ’24 that Sivaram Rohan (CHIEF FINANCIAL OFFICER) sold a total of 588 shares of the company’s common stock. The trade occurred on Mar 20 ’24 and was made at $31.20 per share for $18346.0. Following the transaction, the insider now directly holds 0.6 million shares of the CFLT stock.

Still, SEC filings show that on Mar 20 ’24, Liu Ying Christina (CHIEF ACCOUNTING OFFICER) disposed off 407 shares at an average price of $31.20 for $12698.0. The insider now directly holds 168,338 shares of Confluent Inc (CFLT).

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