Confluent Inc. Class A Common Stock (NASDAQ:CFLT) has seen 0.64 million shares traded in the recent trading session. The company, currently valued at $14.19B, closed the recent trade at $59.42 per share which meant it gained $0.41 on the day or 0.69% during that session. The CFLT stock price is -0.98% off its 52-week high price of $60.00 and 36.54% above the 52-week low of $37.71. The 3-month trading volume is 1.46 million shares.
The consensus among analysts is that Confluent Inc. Class A Common Stock (CFLT) is an Overweight stock at the moment, with a recommendation rating of 2.60. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 13 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.4.
Confluent Inc. Class A Common Stock (NASDAQ:CFLT) trade information
Sporting 0.69% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the CFLT stock price touched $59.42 or saw a rise of 3.44%. Year-to-date, Confluent Inc. Class A Common Stock shares have moved 31.08%, while the 5-day performance has seen it change 7.29%. Over the past 30 days, the shares of Confluent Inc. Class A Common Stock (NASDAQ:CFLT) have changed 46.61%.
Wall Street analysts have a consensus price target for the stock at $48.58, which means that the shares’ value could drop -22.31% from the levels at last check today. The projected low price target is $42.00 while the price target rests at a high of $52.00. In that case, then, we find that the latest price level in today’s session is 12.49% off the targeted high while a plunge would see the stock lose 29.32% from the levels at last check today.
Confluent Inc. Class A Common Stock (CFLT) estimates and forecasts
9 analysts offering their estimates for the company have set an average revenue estimate of $88.34 million for the current quarter. 11 have an estimated revenue figure of $90.67 million for the next quarter concluding in Sep 2021.
Earnings growth for 2021 is a modest -141.80% while over the next 5 years, the company’s earnings are expected to decrease by -6.76%.
Confluent Inc. Class A Common Stock is expected to release its next earnings report on August 05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Confluent Inc. Class A Common Stock (NASDAQ:CFLT)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 181.31% with a share float percentage of 181.31%. Investors are also buoyed by the number of investors in a company, with Confluent Inc. Class A Common Stock having a total of 109 institutions that hold shares in the company. The top two institutional holders are Altimeter Capital Management, LP with over 10.12 million shares worth more than $480.72 million. As of Jun 29, 2021, Altimeter Capital Management, LP held 36.70% of shares outstanding.
The other major institutional holder is Durable Capital Partners LP, with the holding of over 5.39 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $256.18 million and represent 19.56% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and JP Morgan Growth Advantage Fund. As of Jun 29, 2021, the former fund manager holds about 4.07% shares in the company for having 1.12 million shares of worth $53.36 million while later fund manager owns 0.59 million shares of worth $27.79 million as of Jun 29, 2021, which makes it owner of about 2.12% of company’s outstanding stock.