Currently, there are 307.88M common shares owned by the public and among those 185.63M shares have been available to trade.
Insiders at the company have transacted a total of 186 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 83 of these insider trades were purchases, accounting for 24,999,469 shares. Insider sales of the common stock occurred on 103 occasions, with total insider shares sold totaling 25,429,773 shares.
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However, the script later moved the day high at 33.11, down -2.61%. The company’s stock has a 5-day price change of 31.45% and 78.20% over the past three months. CFLT shares are trading 35.56% year to date (YTD), with the 12-month market performance up to 21.91% higher. It has a 12-month low price of $14.69 and touched a high of $41.22 over the same period. CFLT has an average intraday trading volume of 2.20 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 36.39%, 36.65%, and 12.64% respectively.
Institutional ownership of Confluent Inc (NASDAQ: CFLT) shares accounts for 64.17% of the company’s 307.88M shares outstanding.
It has a market capitalization of $9.77B and a beta (3y monthly) value of 0.84. The earnings-per-share (ttm) stands at -$1.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.39% over the week and 4.84% over the month.
Analysts forecast that Confluent Inc (CFLT) will achieve an EPS of $0.02 for the current quarter, $0.04 for the next quarter and $0.33 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was -$0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 337.22%, and 92.46% over the next financial year.
Looking at the support for the CFLT, a number of firms have released research notes about the stock. Loop Capital stated their Hold rating for the stock in a research note on January 30, 2024, with the firm’s price target at $23.
