In recent trading session, Confluent Inc (NASDAQ:CFLT) saw 1.23 million shares changing hands at last check today with its beta currently measuring 0.94. Company’s recent per share price level of $22.06 trading at $0.96 or 4.53% at last check today assigns it a market valuation of $7.00B. That most recent trading price of CFLT’s stock is at a discount of -59.66% from its 52-week high price of $35.22 and is indicating a premium of 33.41% from its 52-week low price of $14.69. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.92 million shares which gives us an average trading volume of 4.24 million if we extend that period to 3-months.

For Confluent Inc (CFLT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.64. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

Confluent Inc (NASDAQ:CFLT) trade information

Upright in the green today for gaining 4.53%, in the last five days CFLT remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $22.06 price level, adding 0.27% to its value on the day. Confluent Inc’s shares saw a change of -5.74% in year-to-date performance and have moved 10.72% in past 5-day. Confluent Inc (NASDAQ:CFLT) showed a performance of -15.37% in past 30-days. Number of shares sold short was 18.35 million shares which calculate 4.57 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 34 to the stock, which implies a rise of 35.12% to its recent value today. Analysts have been projecting 21 as a low price target for the stock while placing it at a high target of 42. It follows that stock’s current price would jump 4.81% in reaching the projected high whereas dropping to the targeted low would mean a gain of 4.81% for stock’s current value.

Confluent Inc (CFLT) estimates and forecasts

Statistics highlight that Confluent Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -34.92% of value to its shares in past 6 months, showing an annual growth rate of 400.00% while that of industry is 14.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -40.61% during past 5 years.

Confluent Inc (NASDAQ:CFLT)’s Major holders

Insiders are in possession of 3.71% of company’s total shares while institution are holding 94.85 percent of that, with stock having share float percentage of 98.50%. Investors also watch the number of corporate investors in a company very closely, which is 94.85% institutions for Confluent Inc that are currently holding shares of the company. JPMORGAN CHASE & CO is the top institutional holder at CFLT for having 22.4 million shares of worth $683.57 million. And as of 2024-03-31, it was holding 7.4478 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 22.02 million shares on 2024-03-31. The number of shares represents firm’s hold over 7.3226 of outstanding shares, having a total worth of $672.08 million.

On the other hand, Vanguard Total Stock Market Index Fund and Fidelity Select Portfolios – Software & IT Services Portfolio are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024, the former fund manager was holding 6.08 shares of worth $133.66 million or 2.43% of the total outstanding shares. The later fund manager was in possession of 5.08 shares on Jun 30, 2024, making its stake of worth around $111.67 million in the company or a holder of 2.03% of company’s stock.