Confluent Inc (NASDAQ: CFLT) is 33.68% higher on its value in year-to-date trading and has touched a low of $17.79 and a high of $35.07 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 $32.44 in the last trading session, with the day’s loss setting it -1.16%.
Currently trading at $31.28, the stock is 2.56% and 20.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.74 million and changing -3.58% at the moment leaves the stock 18.52% off its SMA200. CFLT registered 37.92% gain for a year compared to 6-month gain of 20.96%. The firm has a 50-day simple moving average (SMA 50) of $25.7189 and a 200-day simple moving average (SMA200) of $26.40165.
The stock witnessed a 18.04% loss in the last 1 month and extending the period to 3 months gives it a 60.49%, and is -0.79% 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 4.09% over the week and 3.93% over the month.
Confluent Inc (CFLT) has around 2744 employees, a market worth around $10.26B and $915.61M in sales. Fwd P/E is 90.32. Profit margin for the company is -38.35%. Distance from 52-week low is 75.83% and -10.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.24%).
with sales reaching $256.85M over the same period.The EPS is expected to grow by 546.85% this year, but quarterly earnings will post 23.23% year-over-year. Quarterly sales are estimated to grow 20.48% in year-over-year returns.
Confluent Inc (CFLT) Top Institutional Holders
499.0 institutions hold shares in Confluent Inc (CFLT), with institutional investors hold 91.03% of the company’s shares. The shares outstanding are 257.42M, and float is at 246.92M with Short Float at 6.46%. Institutions hold 87.85% 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 MILLER MATTHEW CRAIG, the company’s Director. SEC filings show that MILLER MATTHEW CRAIG sold 347,646 shares of the company’s common stock on Dec 09 ’24 at a price of $32.69 per share for a total of $11.36 million. Following the sale, the insider now owns 0.0 shares.
Confluent Inc disclosed in a document filed with the SEC on Dec 10 ’24 that MILLER MATTHEW CRAIG (Director) sold a total of 122,049 shares of the company’s common stock. The trade occurred on Dec 10 ’24 and was made at $32.16 per share for $3.93 million. Following the transaction, the insider now directly holds 0.0 shares of the CFLT stock.
Still, SEC filings show that on Dec 06 ’24, MILLER MATTHEW CRAIG (Director) disposed off 53,512 shares at an average price of $33.64 for $1.8 million. The insider now directly holds 0 shares of Confluent Inc (CFLT).
