Confluent Inc (NASDAQ:CFLT)’s traded shares stood at 4.75 million during the last session, with the company’s beta value hitting 0.93. At the close of trading, the stock’s price was $30.21, to imply a decrease of -2.55% or -$0.79 in intraday trading. The CFLT share’s 52-week high remains $41.22, putting it -36.44% down since that peak but still an impressive 51.37% since price per share fell to its 52-week low of $14.69. The company has a valuation of $9.44B, with an average of 3.45 million shares in intraday trading volume over the past 10 days and average of 5.35 million shares over the past 3 months.
Confluent Inc (NASDAQ:CFLT) trade information
After registering a -2.55% downside in the last session, Confluent Inc (CFLT) has traded red over the past five days. The stock hit a weekly high of 33.11, dropping -2.55% in its intraday price action. The 5-day price performance for the stock is -5.59%, and -10.01% over 30 days. With these gigs, the year-to-date price performance is 29.10%. Short interest in Confluent Inc (NASDAQ:CFLT) saw shorts transact 15.7 million shares and set a 2.17 days time to cover.
Confluent Inc (CFLT) estimates and forecasts
Looking at statistics comparing Confluent Inc share performance against respective industry, we note that the company has outperformed competitors. Confluent Inc (CFLT) shares are 6.34% up over the last 6 months, with its year-to-date growth rate higher than industry average at 325.00% against 18.30%. The rating firms project that company’s revenue will grow 22.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 27 analysts is $212.14 million. Meanwhile, for the quarter ending Jun 2024, a total of 27 analyst(s) estimate revenue growth to $229.24 million.Earnings reports from the last fiscal year show that sales brought in $174.3 million and $189.28 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 21.70% before jumping 21.10% in the following quarter.
CFLT Dividends
Confluent Inc has its next earnings report out between May 01 and May 06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Confluent Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Confluent Inc (NASDAQ:CFLT)’s Major holders
Confluent Inc insiders hold 4.21% of total outstanding shares, with institutional holders owning 86.80% of the shares at 90.62% float percentage. In total, 86.80% institutions holds shares in the company, led by JP Morgan Chase & Company. As of Jun 29, 2023, the company held over 17.8 million shares (or 8.40% of shares), all amounting to roughly $628.58 million.
The next major institution holding the largest number of shares is Altimeter Capital Management, LP with 16.31 million shares, or about 7.69% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $575.76 million.
We also have Smallcap World Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Confluent Inc (CFLT) shares. Going by data provided on Jun 29, 2023, Smallcap World Fund holds roughly 5.71 million shares. This is just over 2.69% of the total shares, with a market valuation of $201.62 million. Data from the same date shows that the other fund manager holds a little less at 5.01 million, or 2.37% of the shares, all valued at about 177.04 million.
