Confluent Inc (NASDAQ:CFLT) shares traded -18.35% lower at $19.44 on Wall Street last session.
CFLT stock price is now -23.11% away from the 50-day moving average and -23.65% away from the 200-day moving average. The market capitalization of the company currently stands at $6.74B.
With the price target of $30, Raymond James recently initiated with Outperform rating for Confluent Inc (NASDAQ: CFLT). On February 26, 2025, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $34 to quote $38, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Phan Kong, Chief Accounting Officer sold 3,175 shares of the company’s stock on Mar 20 ’25. The stock was sold for $85,280 at an average price of $26.86. Upon completion of the transaction, the Chief Accounting Officer now directly owns 246,516 shares in the company, valued at $4.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’25, CHIEF EXECUTIVE OFFICER Kreps Edward Jay sold 232,500 shares of the business’s stock. A total of $6,826,763 was realized by selling the stock at an average price of $29.36. This leaves the insider owning 452,488 shares of the company worth $8.8 million. A total of 22.28% 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 fifty day moving average price for CFLT is $25.2813 and a two-hundred day moving average price translates $25.460575 for the stock.
The latest earnings results from Confluent Inc (NASDAQ: CFLT) was released for 2025-03-31. The net profit margin was -35.81% and return on equity was -38.95% for CFLT. The company reported revenue of $271.12 million for the quarter, compared to $217.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.8 percent. For the current quarter, analysts expect CFLT to generate $278.47M in revenue.
