Confluent Inc (NASDAQ: CFLT) is 11.44% 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 $28.93 in the last trading session, with the day’s gains setting it 2.23%.
Currently trading at $31.16, the stock is 10.20% and 5.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.74 million and changing 7.71% at the moment leaves the stock 19.79% off its SMA200. CFLT registered 38.30% gain for a year compared to 6-month gain of 24.34%. The firm has a 50-day simple moving average (SMA 50) of $29.5624 and a 200-day simple moving average (SMA200) of $26.00405.
The stock witnessed a 3.83% loss in the last 1 month and extending the period to 3 months gives it a 42.94%, and is 13.27% up 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 6.47% over the week and 4.07% over the month.
Confluent Inc (CFLT) has around 2744 employees, a market worth around $10.22B and $915.61M in sales. Fwd P/E is 90.31. Profit margin for the company is -38.35%. Distance from 52-week low is 75.15% and -11.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.24%).
The EPS is expected to grow by 546.90% this year.
Confluent Inc (CFLT) Top Institutional Holders
498.0 institutions hold shares in Confluent Inc (CFLT), with institutional investors hold 91.68% of the company’s shares. The shares outstanding are 257.42M, and float is at 247.28M with Short Float at 5.21%. Institutions hold 88.48% 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 7.3597 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 3,947 shares of the company’s common stock on Dec 20 ’24 at a price of $28.74 per share for a total of $0.11 million. Following the sale, the insider now owns 0.18 million shares.
Confluent Inc disclosed in a document filed with the SEC on Dec 13 ’24 that Narkhede Neha (Director) sold a total of 186,300 shares of the company’s common stock. The trade occurred on Dec 13 ’24 and was made at $30.65 per share for $5.71 million. Following the transaction, the insider now directly holds 20247.0 shares of the CFLT stock.
Still, SEC filings show that on Dec 12 ’24, Phan Kong (Chief Accounting Officer) disposed off 12,460 shares at an average price of $31.30 for $0.39 million. The insider now directly holds 183,886 shares of Confluent Inc (CFLT).
