Confluent Inc (NASDAQ: CFLT) is 8.87% higher on its value in year-to-date trading and has touched a low of $17.79 and a high of $37.90 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 $31.09 in the last trading session, with the day’s loss setting it -0.65%.
Currently trading at $30.44, the stock is -3.58% and 1.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.46 million and changing -2.09% at the moment leaves the stock 15.67% off its SMA200. CFLT registered -10.05% loss for a year compared to 6-month gain of 43.11%.
The stock witnessed a 5.92% loss in the last 1 month and extending the period to 3 months gives it a 6.55%, and is -12.88% 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 6.19% over the week and 6.02% over the month.
Confluent Inc (CFLT) has around 3060 employees, a market worth around $10.17B and $963.64M in sales. Fwd P/E is 61.74. Profit margin for the company is -35.81%. Distance from 52-week low is 71.11% and -19.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.73%).
The EPS is expected to grow by 23.27% this year.
Confluent Inc (CFLT) Top Institutional Holders
The shares outstanding are 271.79M, and float is at 257.80M with Short Float at 5.61%.
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 5.3077 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 Schultz Erica, the company’s PRESIDENT, FIELD OPERATIONS. SEC filings show that Schultz Erica sold 126,730 shares of the company’s common stock on Feb 21 ’25 at a price of $31.58 per share for a total of $4.0 million. Following the sale, the insider now owns 0.55 million shares.
Confluent Inc disclosed in a document filed with the SEC on Feb 25 ’25 that Schultz Erica (PRESIDENT, FIELD OPERATIONS) sold a total of 113,729 shares of the company’s common stock. The trade occurred on Feb 25 ’25 and was made at $30.29 per share for $3.45 million. Following the transaction, the insider now directly holds 0.5 million shares of the CFLT stock.
Still, SEC filings show that on Feb 21 ’25, Sivaram Rohan (CHIEF FINANCIAL OFFICER) disposed off 23,605 shares at an average price of $31.58 for $0.75 million. The insider now directly holds 497,806 shares of Confluent Inc (CFLT).
