During the recent session, Confluent Inc (NASDAQ:CFLT)’s traded shares were 0.77 million, with the beta value of the company hitting 0.92. At the last check today, the stock’s price was $35.26, reflecting an intraday loss of -2.68% or -$0.97. The 52-week high for the CFLT share is $37.90, that puts it down -7.49 from that peak though still a striking 49.55% gain since the share price plummeted to a 52-week low of $17.79. The company’s market capitalization is $11.57B, and the average intraday trading volume over the past 10 days was 7.83 million shares, and the average trade volume was 4.51 million shares over the past three months.
Confluent Inc (CFLT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.79. CFLT has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.07.
Confluent Inc (NASDAQ:CFLT) trade information
Confluent Inc (CFLT) registered a -2.68% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.68% in intraday trading to $35.26, hitting a weekly high. The stock’s 5-day price performance is 17.46%, and it has moved by 26.79% in 30 days. Based on these gigs, the overall price performance for the year is 10.71%. The short interest in Confluent Inc (NASDAQ:CFLT) is 14.46 million shares and it means that shorts have 3.67 day(s) to cover.
The consensus price target of analysts on Wall Street is $28, which implies a decrease of -25.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $23 and $37 respectively. As a result, CFLT is trading at a discount of -4.93% off the target high and 34.77% off the low.
Confluent Inc (CFLT) estimates and forecasts
In the rating firms’ projections, revenue will increase 20.77% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 264.45M as predicted by 29 analyst(s). Meanwhile, a consensus of 29 analyst(s) estimates revenue growth to 279.34M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 217.24M and 234.99M respectively. In this case, analysts expect current quarter sales to grow by 21.73% and then jump by 18.88% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -23.27%. While earnings are projected to return 23.04% in 2025, the next five years will return 33.32% per annum.
CFLT Dividends
Confluent Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Confluent Inc (NASDAQ:CFLT)’s Major holders
Confluent Inc insiders own 3.49% of total outstanding shares while institutional holders control 88.50%, with the float percentage being 91.71%. BLACKROCK INC. is the largest shareholder of the company, while 510.0 institutions own stock in it. As of 2024-06-30, the company held over 31.11 million shares (or 9.9011% of all shares), a total value of $918.67 million in shares.
The next largest institutional holding, with 23.51 million shares, is of JPMORGAN CHASE & CO’s that is approximately 7.3597% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $694.19 million.
Also, the Mutual Funds coming in first place with the largest holdings of Confluent Inc (CFLT) shares are Vanguard Total Stock Market Index Fund and Blackrock Funds-Mid-Cap Growth Equity Portfolio. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 6.86 shares. This amounts to just over 2.66 percent of the company’s overall shares, with a $242.5 million market value. The same data shows that the other fund manager holds slightly less at 5.35, or about 2.07% of the stock, which is worth about $189.21 million.
