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Confluent Inc (CFLT) Analysis & Forecast for 2024

Confluent Inc (NASDAQ: CFLT) is 19.10% 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 $29.20 in the last trading session, with the day’s loss setting it -1.33%.

Currently trading at $27.87, the stock is 0.12% and -2.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.65 million and changing -4.55% at the moment leaves the stock 2.56% off its SMA200. CFLT registered -17.50% loss for a year compared to 6-month gain of 25.26%.

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The stock witnessed a 7.44% loss in the last 1 month and extending the period to 3 months gives it a -7.38%, and is -2.35% 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 4.36% over the week and 3.90% over the month.

Confluent Inc (CFLT) has around 2744 employees, a market worth around $8.86B and $819.89M in sales. Fwd P/E is 81.85. Profit margin for the company is -46.73%. Distance from 52-week low is 89.72% and -32.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.67%).

with sales reaching $230.02M over the same period.The EPS is expected to grow by 404.52% this year, but quarterly earnings will post 23.40% year-over-year. Quarterly sales are estimated to grow 21.50% in year-over-year returns.

Confluent Inc (CFLT) Top Institutional Holders

The shares outstanding are 317.83M, and float is at 233.32M with Short Float at 9.24%.

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 8,312 shares of the company’s common stock on Jun 20 ’24 at a price of $26.76 per share for a total of $0.22 million. Following the sale, the insider now owns 0.51 million shares.

Confluent Inc disclosed in a document filed with the SEC on Jun 20 ’24 that Sivaram Rohan (CHIEF FINANCIAL OFFICER) sold a total of 858 shares of the company’s common stock. The trade occurred on Jun 20 ’24 and was made at $26.76 per share for $22957.0. Following the transaction, the insider now directly holds 0.58 million shares of the CFLT stock.

Still, SEC filings show that on Jun 12 ’24, MILLER MATTHEW CRAIG (Director) disposed off 25,000 shares at an average price of $27.77 for $0.69 million. The insider now directly holds 217,804 shares of Confluent Inc (CFLT).

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