Confluent Inc (NASDAQ: CFLT) is -13.38% lower on its value in year-to-date trading and has touched a low of $14.69 and a high of $35.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CFLT stock was last observed hovering at around $19.79 in the last trading session, with the day’s gains setting it 0.48%.
Currently trading at $20.27, the stock is -3.36% and -14.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.13 million and changing 2.43% at the moment leaves the stock -23.19% off its SMA200. CFLT registered -39.92% loss for a year compared to 6-month loss of -39.96%.
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The stock witnessed a 8.11% gain in the last 1 month and extending the period to 3 months gives it a -23.10%, and is -0.73% 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 3.44% over the week and 3.67% over the month.
Confluent Inc (CFLT) has around 2744 employees, a market worth around $6.43B and $865.59M in sales. Fwd P/E is 64.42. Profit margin for the company is -42.70%. Distance from 52-week low is 37.99% and -42.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.70%).
The EPS is expected to grow by 420.96% this year
572.0 institutions hold shares in Confluent Inc (CFLT), with institutional investors hold 97.50% of the company’s shares. The shares outstanding are 317.34M, and float is at 233.71M with Short Float at 9.22%. Institutions hold 93.91% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 31.11 million shares valued at $918.67 million. The investor’s holdings represent 9.9011 of the CFLT Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 23.51 million shares valued at $694.19 million to account for 7.4818 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 22.07 million shares representing 7.0248 and valued at over $651.79 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 5.3957 of the shares totaling 16.95 million with a market value of $500.64 million.
Confluent Inc (CFLT) Insider Activity
Confluent Inc disclosed in a document filed with the SEC on Aug 20 ’24 that Buscemi Stephanie (CHIEF MARKETING OFFICER) sold a total of 3,866 shares of the company’s common stock. The trade occurred on Aug 20 ’24 and was made at $21.68 per share for $83815.0. Following the transaction, the insider now directly holds 0.16 million shares of the CFLT stock.
Still, SEC filings show that on Aug 20 ’24, Sivaram Rohan (CHIEF FINANCIAL OFFICER) disposed off 22,926 shares at an average price of $21.68 for $0.5 million. The insider now directly holds 555,337 shares of Confluent Inc (CFLT).
