Stocks of Confluent Inc (NASDAQ:CFLT) traded higher last session on Wall Street, down -0.10% to $19.73.
CFLT stock price is now -19.71% away from the 50-day moving average and -22.24% away from the 200-day moving average. The market capitalization of the company currently stands at $6.72B.
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, Narkhede Neha, Director sold 60,000 shares of the company’s stock on May 02 ’25. The stock was sold for $1,197,600 at an average price of $19.96. Upon completion of the transaction, the Director now directly owns 20,247 shares in the company, valued at $0.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’25, Director NEHA NARKHEDE bought 60,000 shares of the business’s stock. A total of $1,166,400 was incurred on buying the stock at an average price of $19.44. A total of 20.66% 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 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.
