Currently, there are 271.79M common shares owned by the public and among those 257.72M shares have been available to trade.
The company’s stock has a 5-day price change of -14.49% and -23.40% over the past three months. CFLT shares are trading -8.80% year to date (YTD), with the 12-month market performance down to -23.38% lower. It has a 12-month low price of $17.79 and touched a high of $37.90 over the same period. CFLT has an average intraday trading volume of 5.39 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 -18.17%, -14.25%, and -2.73% respectively.
Institutional ownership of Confluent Inc (NASDAQ: CFLT) shares accounts for 69.79% of the company’s 271.79M shares outstanding.
It has a market capitalization of $8.52B and a beta (3y monthly) value of 1.01. The earnings-per-share (ttm) stands at -$1.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.41% over the week and 7.19% over the month.
Earnings per share for the fiscal year are expected to increase by 23.62%, and 39.33% over the next financial year. EPS should grow at an annualized rate of 36.56% over the next five years, compared to -23.27% over the past 5-year period.
Looking at the support for the CFLT, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on February 26, 2025, with the firm’s price target at $34-$38. Morgan Stanley coverage for the Confluent Inc (CFLT) stock in a research note released on January 16, 2025 offered a Equal-Weight rating with a price target of $30. Robert W. Baird was of a view on September 04, 2024 that the stock is Neutral, while JP Morgan gave the stock Overweight rating on August 09, 2024, issuing a price target of $25. Evercore ISI on their part issued Outperform rating on June 11, 2024.
