Currently, there are 307.88M common shares owned by the public and among those 181.33M shares have been available to trade.
Insiders at the company have transacted a total of 158 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 69 of these insider trades were purchases, accounting for 20,171,086 shares. Insider sales of the common stock occurred on 89 occasions, with total insider shares sold totaling 20,604,259 shares.
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The company’s stock has a 5-day price change of 3.81% and 72.48% over the past three months. CFLT shares are trading 39.83% year to date (YTD), with the 12-month market performance up to 22.27% 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 5.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 23.78%, 33.65%, and 14.85% respectively.
Institutional ownership of Confluent Inc (NASDAQ: CFLT) shares accounts for 62.86% of the company’s 307.88M shares outstanding.
It has a market capitalization of $10.07B and a beta (3y monthly) value of 0.85. 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 5.66% over the week and 5.19% 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 $0.34 for 2025. The lowest estimate earnings-per-share for the quarter is $0 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 336.73%, and 91.52% 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. Bernstein coverage for the Confluent Inc (CFLT) stock in a research note released on November 28, 2023 offered a Outperform rating with a price target of $34. CapitalOne was of a view on November 08, 2023 that the stock is Overweight, while RBC Capital Mkts gave the stock Outperform rating on November 06, 2023, issuing a price target of $22. Wolfe Research on their part issued Outperform rating on November 03, 2023.
