The stock of Confluent Inc (NASDAQ:CFLT) last traded at $31.08, down -1.77% from the previous session.
CFLT stock price is now 12.61% away from the 50-day moving average and 6.53% away from the 200-day moving average. The market capitalization of the company currently stands at $9.72B.
With the price target of $40, Stifel recently initiated with Buy rating for Confluent Inc (NASDAQ: CFLT). On January 30, 2024, Loop Capital recently initiated its ‘Hold’ rating on the stock quoting a target price of $23, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Caimi Lara, Director sold 46,875 shares of the company’s stock on Mar 11 ’24. The stock was sold for $1,495,279 at an average price of $31.90. Upon completion of the transaction, the Director now directly owns 5,399 shares in the company, valued at $0.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08 ’24, PRESIDENT, FIELD OPERATIONS Schultz Erica sold 63,729 shares of the business’s stock. A total of $2,104,970 was realized by selling the stock at an average price of $33.03. This leaves the insider owning 706,715 shares of the company worth $21.96 million. A total of 31.43% of the company’s stock is owned by insiders.
During the past 12 months, Confluent Inc has had a low of $14.69 and a high of $41.22. As of last week, the company has a debt-to-equity ratio of 1.37, a current ratio of 4.53, and a quick ratio of 4.53. The fifty day moving average price for CFLT is $27.77 and a two-hundred day moving average price translates $29.19 for the stock.
The latest earnings results from Confluent Inc (NASDAQ: CFLT) was released for Dec, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.09, beating analysts’ expectations of $0.05 by 0.04. This compares to -$0.37 EPS in the same period last year. The net profit margin was -56.98% and return on equity was -56.05% for CFLT. The company reported revenue of $213.18 million for the quarter, compared to $168.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.39 percent. For the current quarter, analysts expect CFLT to generate $212.14M in revenue.
Confluent Inc(CFLT) Company Profile
Confluent, Inc. operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software. It offers connectors for existing applications, and IT and cloud infrastructure; Apache Flink services that allows teams to create reusable data streams that can be delivered real-time; ksqlDB, a data-in-motion database that allows users to build data-in-motion applications using a few SQL statements; stream governance, a managed data governance suite that is designed for the intricacies of streaming data, which allows teams to accelerate data streaming initiatives without bypassing controls for risk management and regulatory compliance; and stream designer which builds streaming data pipelines visually. In addition, the company offers professional services comprising packaged and residency offerings; education offerings consisting of instructor-led and self-paced training and certification guidance, technical resources, and access to hands-on training and certification exams; and certification programs. It serves banking and financial services industries, as well as retail and e-commerce, manufacturing, automotive, communication service providers, gaming, public sector, insurance, and technology industries. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.
