In Friday’s Wall Street session, Confluent Inc (NASDAQ:CFLT) shares traded at $23.65, down -3.11% from the previous session.
CFLT stock price is now 6.59% away from the 50-day moving average and -7.15% away from the 200-day moving average. The market capitalization of the company currently stands at $8.05B.
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, Caimi Lara, Director sold 2,864 shares of the company’s stock on Jun 11 ’25. The stock was sold for $69,022 at an average price of $24.10. Upon completion of the transaction, the Director now directly owns 4,296 shares in the company, valued at $0.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’25, Director LARA CAIMI bought 2,864 shares of the business’s stock. A total of $69,022 was incurred on buying the stock at an average price of $24.10. A total of 20.89% 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 1.08, a current ratio of 4.33, and a quick ratio of 4.33. The fifty day moving average price for CFLT is $22.1883 and a two-hundred day moving average price translates $25.47115 for the stock.
The latest earnings results from Confluent Inc (NASDAQ: CFLT) was released for 2025-03-31. The net profit margin was -31.42% and return on equity was -34.18% 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.
