Currently, there are 285.23M common shares owned by the public and among those 270.17M shares have been available to trade.
The company’s stock has a 5-day price change of 17.18% and -23.19% over the past three months. CFLT shares are trading -17.31% year to date (YTD), with the 12-month market performance down to -25.49% 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 6.51 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 6.86%, -2.18%, and -8.58% respectively.
Institutional ownership of Confluent Inc (NASDAQ: CFLT) shares accounts for 69.46% of the company’s 285.23M shares outstanding.
It has a market capitalization of $7.87B and a beta (3y monthly) value of 0.98. The earnings-per-share (ttm) stands at -$0.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.75% over the week and 4.95% over the month.
Earnings per share for the fiscal year are expected to increase by 25.73%, and 30.50% over the next financial year. EPS should grow at an annualized rate of 31.96% 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. Raymond James stated their Outperform rating for the stock in a research note on April 11, 2025, with the firm’s price target at $30. UBS coverage for the Confluent Inc (CFLT) stock in a research note released on February 26, 2025 offered a Buy rating with a price target of $38. Morgan Stanley was of a view on January 16, 2025 that the stock is Equal-Weight, while Robert W. Baird gave the stock Neutral rating on September 04, 2024, issuing a price target of $23. JP Morgan on their part issued Overweight rating on August 09, 2024.
