Confluent Inc (NASDAQ: CFLT) is -15.34% lower on its value in year-to-date trading and has touched a low of $14.69 and a high of $35.07 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 $19.69 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $19.81, the stock is -2.42% and -8.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.47 million and changing 0.61% at the moment leaves the stock -24.85% off its SMA200. CFLT registered -32.64% loss for a year compared to 6-month loss of -35.51%. The firm has a 50-day simple moving average (SMA 50) of $21.5449 and a 200-day simple moving average (SMA200) of $26.34205.
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The stock witnessed a -7.26% gain in the last 1 month and extending the period to 3 months gives it a -26.95%, and is -4.76% 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 3.74% over the week and 3.53% over the month.
Confluent Inc (CFLT) has around 2744 employees, a market worth around $6.39B and $865.59M in sales. Fwd P/E is 62.95. Profit margin for the company is -42.70%. Distance from 52-week low is 34.85% and -43.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.70%).
with sales reaching $244.91M over the same period.The EPS is expected to grow by 421.55% this year, but quarterly earnings will post 22.80% year-over-year. Quarterly sales are estimated to grow 22.30% in year-over-year returns.
Confluent Inc (CFLT) Top Institutional Holders
571.0 institutions hold shares in Confluent Inc (CFLT), with institutional investors hold 97.52% of the company’s shares. The shares outstanding are 322.72M, and float is at 238.88M with Short Float at 9.01%. Institutions hold 93.87% 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
The most recent transaction is an insider sale by Phan Kong, the company’s Chief Accounting Officer. SEC filings show that Phan Kong sold 190 shares of the company’s common stock on Sep 20 ’24 at a price of $20.12 per share for a total of $3823.0. Following the sale, the insider now owns 0.12 million shares.
Confluent Inc disclosed in a document filed with the SEC on Sep 04 ’24 that Kreps Edward Jay (CHIEF EXECUTIVE OFFICER) sold a total of 232,500 shares of the company’s common stock. The trade occurred on Sep 04 ’24 and was made at $19.99 per share for $4.65 million. Following the transaction, the insider now directly holds 0.45 million shares of the CFLT stock.
Still, SEC filings show that on Sep 04 ’24, EDWARD JAY KREPS (Officer) Proposed Sale 232,500 shares at an average price of $20.37 for $4.74 million. The insider now directly holds shares of Confluent Inc (CFLT).
