Confluent Inc (NASDAQ: CFLT) is -16.27% lower 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 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 $23.06 in the last trading session, with the day’s gains setting it 0.35%.
Currently trading at $23.41, the stock is 5.81% and 4.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.52 million and changing 1.52% at the moment leaves the stock -7.75% off its SMA200. CFLT registered -15.06% loss for a year compared to 6-month loss of -23.42%. The firm has a 50-day simple moving average (SMA 50) of $22.4149 and a 200-day simple moving average (SMA200) of $25.36445.
The stock witnessed a 18.11% gain in the last 1 month and extending the period to 3 months gives it a -21.50%, and is 2.90% 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 1.04% over the week and 2.87% over the month.
Confluent Inc (CFLT) has around 3060 employees, a market worth around $7.97B and $1.02B in sales. Fwd P/E is 49.20. Profit margin for the company is -31.42%. Distance from 52-week low is 31.59% and -38.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.04%).
The EPS is expected to grow by 25.73% this year.
Confluent Inc (CFLT) Top Institutional Holders
565.0 institutions hold shares in Confluent Inc (CFLT), with institutional investors hold 94.23% of the company’s shares. The shares outstanding are 285.23M, and float is at 269.22M with Short Float at 7.03%. Institutions hold 90.82% 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 9.7395% 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 6.9102% 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
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Still, SEC filings show that on Jun 02 ’25, DAVID STEIN TR TROUVAILLE ANK (Officer) Proposed Sale 135,000 shares at an average price of $23.03 for $3.11 million. The insider now directly holds shares of Confluent Inc (CFLT).
