Confluent Inc (NASDAQ:CFLT) shares traded -11.02% lower at $28.65 on Wall Street last session.
CFLT stock price is now -4.52% away from the 50-day moving average and 8.89% away from the 200-day moving average. The market capitalization of the company currently stands at $9.57B.
With the price target enhanced from $34 to $38, UBS Upgraded its rating from Neutral to Buy for Confluent Inc (NASDAQ: CFLT). On January 16, 2025, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $33 to quote $30, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, EDWARD JAY KREPS, Director bought 465,000 shares of the company’s stock on Mar 06 ’25. The stock was bought for $14,973,000 at an average price of $32.20. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Director Narkhede Neha sold 40,000 shares of the business’s stock. A total of $1,227,311 was realized by selling the stock at an average price of $30.68. This leaves the insider owning 20,247 shares of the company worth $0.58 million. A total of 22.85% of the company’s stock is owned by insiders.
During the past 12 months, Confluent Inc has had a low of $17.79 and a high of $37.90. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 3.91, and a quick ratio of 3.91.
The net profit margin was -35.81% and return on equity was -38.95% for CFLT. The company reported revenue of $261.22 million for the quarter, compared to $213.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.53 percent.
